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What Happened to Pilgrim’s Pride?

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Jan. 10 2017, Updated 10:37 a.m. ET

Price movement

Pilgrim’s Pride (PPC) has a market cap of $4.9 billion and fell 2.3% to close at $19.16 per share on January 6, 2017. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 0.31%, 7.0%, and 0.90%, respectively, on the same day.

PPC is now trading 1.7% above its 20-day moving average, 0.23% above its 50-day moving average, and 13.9% below its 200-day moving average.

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Related ETF and peers

The AdvisorShares TrimTabs Float Shrink (TTFS) invests 1.4% of its holdings in Pilgrim’s Pride. The YTD price movement of TTFS was 1.5% on January 6.

The market caps of Pilgrim’s Pride competitors are as follows:

  • Tyson Foods (TSN): $22.8 billion
  • Hormel Foods (HRL): $19.1 billion
  • Industrias Bachoco (IBA): $2.4 billion

Latest news on PPC

On January 6, 2017, Pilgrim’s Pride Corporation has completed the acquisition of GNP Company for $350 million in an all cash transaction.

Performance in 3Q16

Pilgrim’s Pride (PPC) reported net sales of $2.0 billion in 3Q16—a 3.8% fall, as compared to net sales of $2.1 billion in 3Q15. The company’s gross profit margin and operating margin narrowed 320 basis points and 280 basis points, respectively, in 3Q16 as compared to 3Q15.

Its net income and EPS (earnings per share) fell to $98.7 million and $0.39, respectively, in 3Q16, as compared to $137.1 million and $0.53, respectively, in 3Q15. It reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) and adjusted EPS of $210.8 million and $0.40, respectively, in 3Q16—a fall of 23.1% and 31.0%, respectively, as compared to 3Q15.

PPC’s cash and cash equivalents and inventories fell 80.4% and 0.57%, respectively, between 3Q16 and 4Q15.

Now let’s look at Hershey (HSY).

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