Pilgrim's
Pride Corp (Pilgrim's) is a chicken producer with operations in the United
States, Mexico and Puerto Rico. The Company is engaged in the production,
processing, marketing and distribution of fresh, frozen and value-added chicken
products to retailers, distributors and foodservice operators. As of December
26, 2010, it had the capacity to process more than 38 million birds per week
for a total of more than 10.3 billion pounds of live chicken annually. During
the fiscal year ended December 26, 2010 (fiscal 2010), it produced 7.7 billion
pounds of chicken products. As of December 26, 2010, it operated 26 poultry
processing plants located in Alabama, Arkansas, Florida, Georgia, Kentucky,
Louisiana, North Carolina, South Carolina, Tennessee, Texas, Virginia, and West
Virginia. It has one chicken processing plant in Puerto Rico and three chicken
processing plants in Mexico. In August 2012, Cal-Maine Foods, Inc. announced
acquisition of the commercial egg assets of Pilgrim's.
How Should Investors React To PPC Now? Find Out Here
Stocks
of Pilgrim's Pleasure (NYSE: PPC ) were
advancing northern, after the poultry processor amazed experts with earnings
well before reports. Pilgrim's Pleasure converted in a benefit of $0.17 a
discuss on objectives of just $0.07 pennies, as experts were worried that
increasing supply prices would lead to greater costs. Earnings of $2.07 billion
dollars also lead objectives by about 5%, and the organization also decreased
its debts fill by $317 billion dollars, providing it down to $1.1 billion dollars.
Management mentioned a move in technique due to a $672 thousand increase in net
income thus far this year. If this organization can sequence together more
sectors like the one we just saw, this could be a grab. At a P/S of just 0.15,
objectives for the stock are clearly low. Putting up stable earnings, and
decreasing its debt expenses, should be enough for the food provider to keep
forcing it stock cost greater. Pilgrim's Pleasure (NYSE:PPC) is +0.75 - +16.41%
from the past close of $4.57. It traded between $5.00 - 5.35 with complete traded
numbers of 2473610 shares. At Current Market Price, PPC is in the range of
+8.01% from its 50-day Going Regular cost of $4.9253 and -11.62% from its
200-day Going Regular cost of$6. 0196.
