Pilgrims Pride 株価情報 (NASDAQ: PPC)

最新ニュース Pilgrims Pride (NASDAQ:PPC) 株価情報

Pilgrims Pride

Pilgrim's Pride is the second-largest poultry producer in the US (58% of 2023 sales), the UK (30% including other European sales), and Mexico (12%). Its UK and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. most of its US and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its UK and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS' offer undervalued Pilgrim's Pride.

Pilgrim's Pride Corporation - Common Stock

Pilgrims Pride Corp

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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, February 10th:
The Greenbrier Companies GBX: This leading supplier of transportation equipment and services to the railroad and related industries carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.5% over the last 60 days.
<div class="chart_embed">
<h3>Greenbrier Companies, Inc. (The) Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/GBX/price-consensus-chart?icid=chart-GBX-price-consensus-chart"><img alt="Greenbrier Companies, Inc. (The) Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/ac/1739177989.png" style="height:264px; width:568px" title="" /> </a>
<a href="https://www.zacks.com/stock/chart/GBX/price-consensus-chart?icid=chart-GBX-price-consensus-chart">Greenbrier Companies, Inc. (The) price-consensus-chart</a> | <a href="https://www.zacks.com/stock/quote/GBX?icid=chart-GBX-price-consensus-chart">Greenbrier Companies, Inc. (The) Quote</a>
</div>
Greenbrier has a PEG ratio of 0.94 compared with 1.97 for the industry. The company possesses a <a href="https://www.zacks.com/style-scores-education/">Growth Score</a>&nbsp; of A.
<div class="chart_embed">
<h3>Greenbrier Companies, Inc. (The) PEG Ratio (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ttm#NYSE">TTM</a>)</h3>
<a href="https://www.zacks.com/stock/chart/GBX/fundamental/peg-ratio-ttm?icid=chart-GBX-fundamental/peg-ratio-ttm">TTM</a>)&quot; height=&quot;250&quot; src=&quot;https://staticx-tuner.zacks.com/images/charts/31/1739178886.png&quot; title=&quot;&quot; width=&quot;527&quot; /&gt;
<a href="https://www.zacks.com/stock/chart/GBX/fundamental/peg-ratio-ttm?icid=chart-GBX-fundamental/peg-ratio-ttm">Greenbrier Companies, Inc. (The) peg-ratio-ttm</a> | <a href="https://www.zacks.com/stock/quote/GBX?icid=chart-GBX-fundamental/peg-ratio-ttm">Greenbrier Companies, Inc. (The) Quote</a>
</div>
Pilgrim&#39;s Pride Corporation PPC: This producer of fresh and frozen meat products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 2% over the last 60 days.
<div class="chart_embed">
<h3>Pilgrim&#39;s Pride Corporation Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/PPC/price-consensus-chart?icid=chart-PPC-price-consensus-chart"><img alt="Pilgrim's Pride Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/5c/1739178000.png" style="height:264px; width:568px" title="" /> </a>
<a href="https://www.zacks.com/stock/chart/PPC/price-consensus-chart?icid=chart-PPC-price-consensus-chart">Pilgrim&#39;s Pride Corporation price-consensus-chart</a> | <a href="https://www.zacks.com/stock/quote/PPC?icid=chart-PPC-price-consensus-chart">Pilgrim&#39;s Pride Corporation Quote</a>
</div>
Pilgrim&#39;s Pride has a PEG ratio of 0.21 compared with 0.58 for the industry. The company possesses a Growth Score of A.
<div class="chart_embed">
<h3>Pilgrim&#39;s Pride Corporation PEG Ratio (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ttm#NYSE">TTM</a>)</h3>
<a href="https://www.zacks.com/stock/chart/PPC/fundamental/peg-ratio-ttm?icid=chart-PPC-fundamental/peg-ratio-ttm">TTM</a>)&quot; height=&quot;250&quot; src=&quot;https://staticx-tuner.zacks.com/images/charts/d4/1739178899.png&quot; title=&quot;&quot; width=&quot;527&quot; /&gt;
<a href="https://www.zacks.com/stock/chart/PPC/fundamental/peg-ratio-ttm?icid=chart-PPC-fundamental/peg-ratio-ttm">Pilgrim&#39;s Pride Corporation peg-ratio-ttm</a> | <a href="https://www.zacks.com/stock/quote/PPC?icid=chart-PPC-fundamental/peg-ratio-ttm">Pilgrim&#39;s Pride Corporation Quote</a>
</div>
Pitney Bowes Inc. PBI: This company that&nbsp;provides SaaS shipping solutions, mailing innovation, and financial services carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.
<div class="chart_embed">
<h3>Pitney Bowes Inc. Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/PBI/price-consensus-chart?icid=chart-PBI-price-consensus-chart"><img alt="Pitney Bowes Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/d2/1739178025.png" style="height:264px; width:562px" title="" /> </a>
<a href="https://www.zacks.com/stock/chart/PBI/price-consensus-chart?icid=chart-PBI-price-consensus-chart">Pitney Bowes Inc. price-consensus-chart</a> | <a href="https://www.zacks.com/stock/quote/PBI?icid=chart-PBI-price-consensus-chart">Pitney Bowes Inc. Quote</a>
</div>
Pitney Bowes has a PEG ratio of 0.51 compared with 3.05 for the industry. The company possesses a Growth Score of A.
<div class="chart_embed">
<h3>Pitney Bowes Inc. PEG Ratio (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ttm#NYSE">TTM</a>)</h3>
<a href="https://www.zacks.com/stock/chart/PBI/fundamental/peg-ratio-ttm?icid=chart-PBI-fundamental/peg-ratio-ttm">TTM</a>)&quot; height=&quot;250&quot; src=&quot;https://staticx-tuner.zacks.com/images/charts/82/1739178993.png&quot; title=&quot;&quot; width=&quot;527&quot; /&gt;
<a href="https://www.zacks.com/stock/chart/PBI/fundamental/peg-ratio-ttm?icid=chart-PBI-fundamental/peg-ratio-ttm">Pitney Bowes Inc. peg-ratio-ttm</a> | <a href="https://www.zacks.com/stock/quote/PBI?icid=chart-PBI-fundamental/peg-ratio-ttm">Pitney Bowes Inc. Quote</a>
</div>
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<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=GBX&amp;ADID=SYND_BENZ_TCK_ZACKS1RANKADDITIONS_269_2412410_GBX&amp;cid=CS-BENZ-FT-zacks_1_rank_additions|growth_additions-2412410">Greenbrier Companies, Inc. (The) (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/gbx#NYSE">GBX</a>): Free Stock Analysis Report
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Shares of companies within the broader consumer staples sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Barclays analyst Duffy Fischer maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Equal-Weight and raises the price target from $45 to $49.

News

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on Pilgrims Pride, Raises Price Target to $49

BMO Capital analyst Andrew Strelzik maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Market Perform and raises the price target from $42 to $43.

BMO Capital Maintains Market Perform on Pilgrims Pride, Raises Price Target to $43

Pilgrim's Pride shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results.

Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) reported quarterly earnings of $1.63 per share which beat the analyst consensus estimate of $1.38 by 18.12 percent. The company reported quarterly sales of $4.58 billion which missed the analyst consensus estimate of $4.66 billion by 1.63 percent. This is a 5.16 percent increase over sales of $4.36 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Pilgrims Pride Q3 2024 Adj EPS $1.63 Beats $1.38 Estimate, Sales $4.58B Miss $4.66B Estimate

Whales with a lot of money to spend have taken a noticeably bullish stance on Pilgrims Pride.
Looking at options history for Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $92,736 and 9, calls, for a total amount of $790,404.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $42.0 to $45.0 for Pilgrims Pride over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Pilgrims Pride's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Pilgrims Pride's whale activity within a strike price range from $42.0 to $45.0 in the last 30 days. 
<h3>Pilgrims Pride Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727975299_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PPC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$3.1</td>
<td>$2.95</td>
<td>$3.05</td>
<td>$45.00</td>
<td>$152.1K</td>
<td style="text-align: right;">645</td>
<td>1.0K</td>
</tr>
<tr>
<td>PPC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.8</td>
<td>$3.6</td>
<td>$3.7</td>
<td>$44.00</td>
<td>$118.4K</td>
<td style="text-align: right;">299</td>
<td>1.5K</td>
</tr>
<tr>
<td>PPC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.3</td>
<td>$3.2</td>
<td>$3.2</td>
<td>$44.00</td>
<td>$109.4K</td>
<td style="text-align: right;">299</td>
<td>0</td>
</tr>
<tr>
<td>PPC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$3.5</td>
<td>$3.1</td>
<td>$3.4</td>
<td>$44.00</td>
<td>$98.9K</td>
<td style="text-align: right;">299</td>
<td>1.0K</td>
</tr>
<tr>
<td>PPC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$3.2</td>
<td>$3.0</td>
<td>$3.1</td>
<td>$45.00</td>
<td>$77.1K</td>
<td style="text-align: right;">645</td>
<td>512</td>
</tr>
</tbody>
</table>

<h3>About Pilgrims Pride</h3>
Pilgrim's Pride is the second-largest poultry producer in the US (58% of 2023 sales), the UK (30% including other European sales), and Mexico (12%). Its UK and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. most of its US and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its UK and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS' offer undervalued Pilgrim's Pride.
<h3>Where Is Pilgrims Pride Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,163,966, the PPC's price is down by 0.0%, now at $47.86. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 20 days.</li>
</ul>
<h3>What Analysts Are Saying About Pilgrims Pride</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $44.0.
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&#x2A; Reflecting concerns, an analyst from Stephens &amp; Co. lowers its rating to Equal-Weight with a new price target of $43. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Pilgrims Pride, targeting a price of $45. 
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Options

Pilgrims Pride Options Trading: A Deep Dive into Market Sentiment

Stephens &amp; Co. analyst Pooran Sharma reinstates Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Equal-Weight and announces $43 price target.

Initiation

Stephens & Co. Reinstates Equal-Weight on Pilgrims Pride, Announces $43 Price Target

Post Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/post#NYSE">POST</a>) is propelled by strategic initiatives amid a volatile consumer landscape marked by inflation, evolving preferences, and heightened competition in the staples sector. The company&#39;s established brand presence enables it to maintain a stable market position in the sector known for steady demand, as consumer staples are essential in daily life.
A major factor behind this success was the Post Consumer Brands segment, which experienced a 15.7% year-over-year increase in net sales, largely driven by $428.9 million from acquisitions.
Over the past three months, POST&#39;s stock has gained 12%, outpacing the industry&#39;s growth of 7.3%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/5a/77012.jpg?v=1344778609" />
Image Source: Zacks Investment Research
<h2>Factors Driving Post Holdings&#39; Momentum</h2>
Post Holdings has been capitalizing on strategic pricing actions to offset inflationary pressures, a trend that persisted in the third quarter of fiscal 2024. The company&#39;s top and bottom lines experienced growth, driven by higher average net selling prices, particularly in the Post Consumer Brands segment. This pricing strategy has played a critical role in bolstering the company&#39;s performance and is likely to remain a key driver of growth in the coming quarters.
Moving on to the Weetabix segment, it recorded notable growth of 1.4% in net sales, supported by the Deeside acquisition and a modest foreign currency tailwind of 80 basis points from a stronger British pound. This growth reflects the positive impact of strategic acquisitions and favorable currency movements.
Strategic acquisitions have been crucial for Post Holdings in broadening its market reach and solidifying its market position. In December 2023, Post Holdings acquired Perfection Pet, integrating it into its Post Consumer Brands segment. Additionally, on April 28, 2023, Post Holdings acquired a select pet food brand from The J.M. Smucker Co. This acquisition provides Post Holdings with a strategic entry into the burgeoning and lucrative pet food market, enhancing its presence in this growing category.
The third quarter of 2024 was marked by strong sales of branded and big cereal products, notable outperformance in the pet category against our underwriting case, and a substantial improvement in the value-added egg mix. It is envisioned that these favorable trends will continue throughout fiscal 2025.
<h2>POST Faces Some Concerns in the Near Term</h2>
Post Holdings has experienced a rise in SG&amp;A costs over recent quarters. In the third quarter of fiscal 2024, SG&amp;A expenses grew by 7.8%. This increase was due to ongoing targeted marketing investments in retail businesses. This increase was significantly influenced by the inclusion of Pet Food in the company&#39;s portfolio.
The Refrigerated Retail segment of Post Holdings reported a 7.1% decrease in net sales in the third quarter of fiscal 2024. Volumes decreased by 0.5%, and average net prices dropped due to increased trade promotions and a portfolio shift towards dinner sides. Adjusted EBITDA decreased by 37%, impacted by lower net pricing and higher selling costs.
While Post Holdings has demonstrated strong performance in certain areas, such as strategic pricing and acquisitions, challenges persist in segments like Refrigerated Retail. Maintaining positions in the stock appears prudent as it allows investors to stay engaged with the company while monitoring its ability to address current challenges and capitalize on growth opportunities.
Post Holdings currently carries a Zacks Rank #3 (Hold).
<h2>3 Staple Stocks to Consider</h2>
Here, we have highlighted three better-ranked food stocks, namely, The Chef&#39;s Warehouse (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), Pilgrim&#39;s Pride (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) and Ollie&#39;s Bargain Outlet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/olli#NASDAQ">OLLI</a>).
The Chef&#39;s Warehouse, which engages in the distribution of specialty food products, currently sports a Zacks Rank #1 (Strong Buy).
CHEF has a trailing four-quarter earnings surprise of 33.7%, on average. The Zacks Consensus Estimated figure for The Chef&#39;s Warehouse&#39;s current fiscal year sales and earnings indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.
Pilgrim&#39;s Pride, which produces, processes, markets and distributes fresh, frozen and value-added chicken and pork products, currently sports a Zacks Rank #1. PPC delivered a positive earnings surprise of 27.3% in the trailing four quarters, on average.
The Zacks Consensus Estimated figure for Pilgrim&#39;s Pride&#39;s current financial-year earnings indicates growth of 183.43%, respectively, from the prior-year reported level.
Ollie&#39;s Bargain, the extreme-value retailer of brand-name merchandise, currently carries a Zacks Rank #2 (Buy). OLLI has a trailing four-quarter earnings surprise of 7.9%, on average.
The Zacks Consensus Estimated figure for Ollie&#39;s Bargain&#39;s current financial-year sales and earnings indicates a rise of around 8.7% and 12.71%, respectively, from the year-earlier levels.
<a href="https://www.zacks.com/stock/news/2333524/post-holdings-drives-growth-with-strategic-moves-and-strong-brands?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333524">To read this article on Zacks.com click here.</a>

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Trading Ideas

CHEF

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Post Holdings Drives Growth With Strategic Moves and Strong Brands

Barclays analyst Duffy Fischer maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Equal-Weight and raises the price target from $43 to $45.

Barclays Maintains Equal-Weight on Pilgrims Pride, Raises Price Target to $45

Argus Research analyst John Staszak maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Buy and raises the price target from $50 to $55.

Argus Research Maintains Buy on Pilgrims Pride, Raises Price Target to $55

Ollie&#39;s Bargain Outlet Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/olli#NASDAQ">OLLI</a>) has taken a significant step forward in its nationwide expansion with the grand opening of its fourth distribution center in Princeton, IL. The new 615,000-square-foot distribution hub is not just a milestone in Ollie&#39;s growth strategy, but a crucial hub that will drive the company&#39;s expansion in the Midwest and support its push westward.
Strategically designed to improve efficiency, the Princeton distribution center will initially serve around 60 stores across nine states. As Ollie&#39;s continues to grow, this center&#39;s reach will extend, ultimately supporting more than 150 stores. The distribution facility, built with an investment of more than $75 million, will not only streamline operations but also bring substantial economic benefits to the local community.
This new distribution center is anticipated to create more than 200 full-time jobs, greatly benefiting the local economy.
As Ollie&#39;s currently operates 525 stores across 31 states with a dedicated team of over 12,000 employees, the company has set its sights on an ambitious goal to open more than 1,300 stores nationwide. The new Princeton distribution center will play a pivotal role in achieving this expansion, serving as a cornerstone of Ollie&#39;s future growth and continued success. This investment in the Illinois distribution center highlights the company&#39;s dedication to providing outstanding value to its customers and fostering economic growth in the areas served.
<h2>What&#39;s More for OLLI?</h2>
Ollie&#39;s has achieved a notable 10.4% CAGR in its store network, growing from 345 stores in fiscal 2019 to 512 in fiscal 2023. The company opened 45 and 40 stores in the past two fiscal years, respectively, and aims to open 50 new stores in fiscal 2024. Its real estate strategy emphasizes flexibility, targeting second-generation sites of 25,000-35,000 square feet with an average initial investment of $1 million.
Furthermore, Ollie&#39;s success story revolves around the business model of &lsquo;buying cheap and selling cheap,&#39; along with its cost-containment strategies, focus on store productivity and the expansion of its customer reward program, Ollie&#39;s Army. The customer loyalty program, Ollie&#39;s Army, significantly enhances Ollie&#39;s competitive edge by increasing customer retention and enticing new shoppers.
This Zacks Rank #2 (Buy) company&#39;s shares have increased 32% in the past three months compared with the industry&#39;s growth of 6%.
<h2><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/fd/75091.jpg?v=661246925" /></h2>
Image Source: Zacks Investment Research
<h2>Other Stocks to Consider</h2>
Here, we have highlighted three other top-ranked food stocks, namely, The Chef&#39;s Warehouse (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>), Pilgrim&#39;s Pride (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) and Vital Farms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>).
The Chef&#39;s Warehouse, which engages in the distribution of specialty food products, currently sports a Zacks Rank #1 (Strong Buy). CHEF has a trailing four-quarter earnings surprise of 33.7%, on average.
The Zacks Consensus Estimate for The Chef&#39;s Warehouse&#39;s current fiscal year sales and earnings indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.
Pilgrim&#39;s Pride, which produces, processes, markets and distributes fresh, frozen and value-added chicken and pork products, currently sports a Zacks Rank #1. PPC delivered a positive earnings surprise of 27.3% in the trailing four quarters, on average.
The Zacks Consensus Estimate for Pilgrim&#39;s Pride&#39;s current financial-year earnings indicates growth of 183.43%, respectively, from the prior-year reported level.
Vital Farms offers a range of produced pasture-raised foods. It currently carries a Zacks Rank #2. VITL has a trailing four-quarter average earnings surprise of 82.5%.
The Zacks Consensus Estimate for Vital Farms&#39; current financial-year sales and earnings indicates growth of 26.3% and 88.1%, respectively, from the prior-year reported level.
<a href="https://www.zacks.com/stock/news/2325852/ollie-s-olli-expands-supply-with-new-distribution-hub?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2325852">To read this article on Zacks.com click here.</a>

VITL

Ollie's Expands Supply With New Distribution Hub

Retail sales in the United States inched up 1% sequentially in July 2024, following a downwardly revised 0.2% drop in June and way better than forecasts of a 0.3% gain. It is the biggest increase since January 2023, with sales at motor vehicle and part dealers rising the most (3.6%), followed by sales at electronics and appliance stores (1.6%).
Barring sales of food services, auto dealers, building materials stores and gasoline stations, sales rose 0.3%, compared to 0.9% in June and forecasts of 0.1%. Below we highlight a few areas and the related ETFs &amp; stocks that may benefit handsomely from the retail sales.
<h3>Winning Areas</h3>
Electronics &amp; Appliance Stores
Sales gained 1.6% sequentially in July and 5.2% year over year. Rise in electronics sales should boost semiconductor funds and stocks.
VanEck Vectors Semiconductor ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smh#NASDAQ">SMH</a>) &ndash; The underlying MVIS US Listed Semiconductor 25 Index tracks the overall performance of companies involved in semiconductor production and equipment. The fund charges 35 bps in fees.
Best Buy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bby#NYSE">BBY</a>) &ndash; As far as stocks are concerned, investors can take a look at BBY. It is a multinational specialty retailer of consumer electronics, home office products, entertainment software, communication, food preparation, wellness, health, security, appliances and related services. The fund has a Zacks Rank #2 (Buy).
Healthcare &amp; Personal Care Stores
Sales gained 0.8% sequentially in July and 3.4% year over year.
Consumer Staples Select Sector SPDR ETF (ARCA:XLP) &ndash; The underlying Consumer Staples Select Sector Index seeks to provide an effective representation of the consumer staples sector of the S&amp;P 500 Index. The fund charges 9 bps in fees.
KimberlyClark (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmb#NYSE">KMB</a>) &ndash; Kimberly-Clark Corporation is principally engaged in the manufacture and marketing of a wide range of consumer products around the world. The company sells its products to supermarkets; mass merchandisers; drugstores; warehouse clubs; variety and department stores; retail outlets; manufacturing, lodging, office building, food service, and health care establishments; and high-volume public facilities. The fund has a Zacks Rank #3.
Food &amp; Beverage Stores
Sales gained 0.9% sequentially in July and 2.9% year over year.
Fidelity MSCI Consumer Staples Index ETF (ARCA:FSTA) &ndash; The underlying MSCI USA IMI Consumer Staples Index represents the performance of the consumer staples sector in the U.S. equity market. The fund charges 8 bps in fees.
Pilgrim&#39;s Pride (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) &ndash; Pilgrim&#39;s Pride Corporation is focusing on strengthening its Prepared Foods category. The category grew in the United States during the fourth quarter of 2019 on continued investments in R&amp;D and sales as well as marketing of new product innovations. Also, the company has been increasing its product mix for organic category, including No-Antibiotics-Ever products, to cater customers&#39; evolving tastes. The fund has a Zacks Rank #1 (Strong Buy).
<a href="https://www.zacks.com/stock/news/2322839/retail-sales-gains-in-july-etfs-stocks-to-play?cid=CS-BENZ-FT-etf_news_and_commentary-2322839">To read this article on Zacks.com click here.</a>

Health Care

ETFs

General

FSTA

Retail Sales Gains in July: ETFs & Stocks to Play

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5bbbbc39211e200001970cde/michael-turrin">Wells Fargo analyst Michael Turrin</a> downgraded the rating for Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) from Overweight to Equal-Weight and lowered the price target from $200 to $130. Snowflake shares gained 0.2% to close at $127.30 on Wednesday. <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan analyst Eric Joseph downgraded the rating for bluebird bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLUE#NASDAQ">BLUE</a>) from Overweight to Neutral. bluebird bio shares fell 23.1% to close at $0.8149 on Wednesday. <a href="https://www.benzinga.com/quote/BLUE/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e7353ee5f2b9b00011506f5/peter-galbo">B of A Securities analyst Peter Galbo</a> downgraded Pilgrim&#8217;s Pride Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) from Buy to Neutral and maintained the price target of $47. Pilgrims Pride shares gained 3.3% to close at $45.69 on Wednesday. <a href="https://www.benzinga.com/quote/PPC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James analyst Adam Tindle downgraded the rating for ScanSource, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>) from Outperform to Market Perform. ScanSource shares fell 0.6% to settle at $48.02 on Wednesday. <a href="https://www.benzinga.com/quote/SCSC/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e74c9b45f2b9b0001153cf7/anja-soderstrom">Sidoti &amp; Co. analyst Anja Soderstrom</a> downgraded Kimball Electronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) from Buy to Neutral and announced a price target of $19. Kimball Electronics shares fell 10.6% to close at $18.28 on Wednesday. <a href="https://www.benzinga.com/quote/KE/analyst-ratings">See how other analysts view this stock. See how other analysts view this stock.</a></li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40368892/jim-cramer-avoid-middle-market-plays-like-golub-capital-buy-mueller-industries-it-is-fan">Jim Cramer: &#8216;Avoid Middle Market Plays&#8217; Like Golub Capital, Buy Mueller Industries — &#8216;It Is Fantastic&#8217;</a></li>
</ul>
Considering buying SNOW stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-1024x569.png" alt="" class="wp-image-496699" style="width:513px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116.png 1236w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Downgrades

Pre-Market Outlook

BLUE

SCSC

SNOW

This Snowflake Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

B of A Securities analyst Peter Galbo downgrades Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) from Buy to Neutral and maintains the price target from $47 to $47.

B of A Securities Downgrades Pilgrims Pride to Neutral, Maintains Price Target to $47

Analysts' ratings for Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $44.0, a high estimate of $50.00, and a low estimate of $40.00. This current average has increased by 6.46% from the previous average price target of $41.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1723464055_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Pilgrims Pride. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$46.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$46.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Duffy Fischer</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$43.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Duffy Fischer</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$40.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>John Staszak</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$50.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Peter Galbo</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$42.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>John Staszak</td>
<td>Argus Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$41.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Pilgrims Pride. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Pilgrims Pride compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Pilgrims Pride's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Pilgrims Pride's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PPC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Pilgrims Pride analyst ratings.</a>
<h2>Get to Know Pilgrims Pride Better</h2>
Pilgrim's Pride is the second-largest poultry producer in the US (58% of 2023 sales), the UK (30% including other European sales), and Mexico (12%). Its UK and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. most of its US and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its UK and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS' offer undervalued Pilgrim's Pride.
<h3>Pilgrims Pride: Delving into Financials</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Pilgrims Pride's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 5.83%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.
Net Margin: Pilgrims Pride's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.16% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 9.05%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.29%, the company showcases effective utilization of assets.
Debt Management: Pilgrims Pride's debt-to-equity ratio is below the industry average. With a ratio of 0.93, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 7 Analyst Evaluations For Pilgrims Pride

BMO Capital analyst Andrew Strelzik downgrades Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) from Outperform to Market Perform and maintains the price target from $46 to $46.

BMO Capital Downgrades Pilgrims Pride to Market Perform, Maintains Price Target to $46

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock&#39;s price, but are they really important?
Let&#39;s take a look at what these Wall Street heavyweights have to say about Pilgrim&#39;s Pride (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NYSE">PPC</a>) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Pilgrim&#39;s Pride currently has an average brokerage recommendation of 1.80, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by five brokerage firms. An ABR of 1.80 approximates between Strong Buy and Buy.
Of the five recommendations that derive the current ABR, three are Strong Buy, representing 60% of all recommendations.
<h2>Brokerage Recommendation Trends for PPC</h2>
<img alt="Broker Rating Breakdown Chart for PPC" class="chart" src="https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/PPC_08062024.png" style="width:100%" title="" /> 
The ABR suggests buying Pilgrim&#39;s Pride, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five &quot;Strong Buy&quot; recommendations for every &quot;Strong Sell&quot; recommendation.
In other words, their interests aren&#39;t always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock&#39;s price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock&#39;s near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
<h2>Zacks Rank Should Not Be Confused With ABR</h2>
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
<h2>Is PPC a Good Investment?</h2>
In terms of earnings estimate revisions for Pilgrim&#39;s Pride, the Zacks Consensus Estimate for the current year has increased 12.7% over the past month to $4.79.
Analysts&#39; growing optimism over the company&#39;s earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Pilgrim&#39;s Pride.
Therefore, the Buy-equivalent ABR for Pilgrim&#39;s Pride may serve as a useful guide for investors.
<a href="https://www.zacks.com/stock/news/2316933/should-you-invest-in-pilgrim-s-pride-ppc-based-on-bullish-wall-street-views?cid=CS-BENZ-FT-fundamental_analysis|average_broker_rating-2316933">To read this article on Zacks.com click here.</a>

Should You Invest in Pilgrim's Pride Based on Bullish Wall Street Views?

BMO Capital analyst Andrew Strelzik maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Outperform and raises the price target from $43 to $46.

BMO Capital Maintains Outperform on Pilgrims Pride, Raises Price Target to $46

Barclays analyst Duffy Fischer maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Equal-Weight and raises the price target from $40 to $43.

Barclays Maintains Equal-Weight on Pilgrims Pride, Raises Price Target to $43

The food makers industry is flourishing with the ever-evolving demand and changing consumer preferences. In this thriving landscape, should Pilgrim's Pride (PPC), with its extensive product offerings and expanding operations, be on your radar? Read more to find out... In recent times, several developments around the food market have been observed. These include rising consciousness and awareness about food quality and grading, population growth, reforming regulatory obligations and compliances, and consumers' shift towards healthier food choices. As per Statista, <a href="https://www.statista.com/outlook/io/manufacturing/consumer-goods/food/united-states">value added in the food market</a> is expected to be $219 billion in 2025.
Further, the food processing market is anticipated to grow to $400.43 billion by 2030, exhibiting growth at a CAGR of 11.8%, driven by growing middle classes in developing nations, rising worldwide population, and evolving market trends.
Amid this backdrop, Pilgrim's Pride Corporation (<a href="https://stocknews.com/stock/PPC/">PPC</a>) stands strong within the food makers industry owing to its portfolio of high-quality food products. The company produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and food service operators.
Pilgrim's operates through its various brands, including Pilgrim's Chicken, Just Bare, Gold'n Plump, Moy Park, Pilgrim's UK, Pilgrim's Fresco, Pilgrim's Value Added, Del Dia, and Country Pride. Most of its brands rank as the most frequently consumed or the strongest producer in different regions. This is a reflection of PPC's strong market presence across the world.
The company's solid standing and efficiency are not only reflected in its operations but also in its stock performance. Shares of PPC have increased 20.1% over the past six months to close its last trading session at $45.94. The stock also delivered an impressive gain of 59% over the past year.
Let's look at factors that could influence PPC's performance in the upcoming months.
Robust Financials
For the third quarter that ended September 29, 2024, PPC's net sales increased 5.2% year-over-year to $4.58 billion. Its gross profit grew 97.7% year-over-year to $683.97 million. The company's operating income grew 146.3% from the year-ago value to $508.35 million.
Furthermore, the company's adjusted EBITDA of $660.38 million indicates growth of 103.8% year-over-year. Adjusted net income attributable to Pilgrim's came in at $387 million and $1.63 per common share, up 183.1% and 181% from the prior year's quarter, respectively.
As of September 29, 2024, PPC's cash and cash equivalents stood at $1.88 billion, compared to $697.75 million as of December 31, 2023.
Solid Historical Growth
PPC's revenue grew at a CAGR of 9.2% over the past three years, while its <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> improved at a CAGR of 36.9%. Its EBIT increased at a CAGR of 56.5% over the same period, while the company's normalized net income and tangible book value grew at CAGRs of 85.2% and 118.8% over the same time frame, respectively.
Favorable Analyst Estimates
Analysts expect PPC's revenue for the fourth quarter (ended December 2024) to come in at $4.63 billion, indicating an increase of 2.3% year-over-year. The consensus EPS estimate of $1.11 for the same period reflects an 87.3% year-over-year improvement. Moreover, the company has surpassed the consensus EPS estimates in each of the trailing four quarters.
For the fiscal year 2024, the company's revenue and EPS are anticipated to grow 4.3% and 207.4% year-over-year to $18.11 billion and $5.20, respectively.
High Profitability
PPC's trailing-12-month net income margin of 5.46% is 29.8% higher than the 4.21% industry average. Further, its trailing-12-month levered FCF margin of 7.07% is considerably higher than the industry average of 5.55%. And the stock's trailing-12-month ROCE of 27.06% is 152.8% higher than the industry average of 10.70%.
Furthermore, the stock's ROTC and ROTA of 12.72% and 9.21% are 80.9% and 139.3% higher than the 7.03% and 3.85% industry averages, respectively.
POWR Ratings Reflect Optimism
PPC's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, translating to a Strong Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. PPC has a B grade for Growth and Quality, consistent with its robust historical growth and higher-than-industry profitability.
Also, the stock has a B grade for Stability, in sync with its 5-year beta of 0.82.
PPC is ranked #3 among the 75 stocks in the B-rated <a href="https://stocknews.com/category/food-makers/">Food Makers</a> industry.
Beyond what I have stated above, we have also given PPC grades for Value, Sentiment, and Momentum. Get access to all the PPC ratings <a href="https://stocknews.com/stock/PPC/">here</a>.
Bottom Line
PPC is a leading global provider of high-quality food products consisting of well-recognized brands and value-added premium products. The company currently operates through its 39 production facilities and 27 prepared foods facilities situated across U.S. states, the U.K., Puerto Rico, Mexico, and Europe.
The company's growth in the forthcoming years appears robust, propelled by its continuously expanding capacity, wholesome varieties, and solid industry footing, which solidify its financial standings.
Given PPC's strong profitability and solid long-term growth prospects, investing in this stock seems prudent.
How Does Pilgrim's Pride Corporation (PPC) Stack Up Against Its Peers?
While PPC has an overall POWR Rating of A, investors could also check out these other stocks within the B-rated <a href="https://stocknews.com/category/food-makers/">Food Makers</a> industry with A (Strong Buy) or B (Buy) ratings: Sanderson Farms, Inc. (<a href="https://stocknews.com/stock/SAFM/">SAFM</a>), Ingredion Incorporated (<a href="https://stocknews.com/stock/INGR/">INGR</a>), and US Foods Holding Corp. (<a href="https://stocknews.com/stock/USFD/">USFD</a>).
For exploring more A and B-rated food maker stocks, <a href="https://stocknews.com/category/food-makers/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
PPC shares were trading at $46.41 per share on Friday afternoon, up $0.47 (+1.02%). Year-to-date, PPC has gained 2.25%, versus a -1.11% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/ppc-safm-ingr-usfd-is-pilgrims-pride-corporation-a-protein-production-stock-to-buy/>Is Pilgrim's Pride Corporation a Protein Production Stock to Buy?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Pilgrim's Pride Corporation a Protein Production Stock to Buy?

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Pilgrim's Pride (PPC) Gets a Hold from Barclays

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The food industry is constantly transforming owing to the growing emphasis on specialty ingredients and health-conscious products. In this scenario, Ingredion Incorporated (INGR) is engaged in the same segment and stands to benefit exponentially with solid demand, innovative product offerings, and strategic initiatives. So, let's delve into the prospects of INGR. Read more to find out... Food is fundamental for everyone's nourishment and sustenance, and with time, consumers have realized the importance of ingredients and the quality involved in their food. Consumers are not only focused on what they consume but also on what are the ingredients, how they are procured, and the wastage it involves.
Amid this, Statista projects revenue in the <a href="https://www.statista.com/outlook/cmo/food/worldwide">food market</a> to be $9.68 trillion in 2025 and is poised to grow annually by 6.3% (2025-2029). Volume in the market is expected to reach 3,081 billion kg by 2029. Further, more people are leaning towards sustainable practices, healthier food choices, wastage reduction, clean and transparent food, personalized nutrition, and convenience.
Consumers are cautiously assessing products to make better food choices, fueling demand for specialty ingredients. All these factors have contributed to revolutionary changes in the food-maker industry. Companies are increasingly investing and researching specialty food ingredients and offering health-conscious products to meet the growing demand.
Such industry transformation also benefits companies engaged in specialty ingredients operations. They are leveraging innovative technologies and carrying out R&amp;D activities to find new opportunities and drive organic growth. One such company is Ingredion Incorporated (<a href="https://stocknews.com/stock/INGR/">INGR</a>), which stands out with its value-added ingredient solutions and wide reach.
INGR is a leading global ingredient solutions provider and is serving customers across over 120 countries. The company converts plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing, and industrial markets. It has a wide range of ingredient products dealing with specific customer needs.
Recently, INGR was named in the 2025 Fortune World's Most Admired Companies list, marking the 15th time the company received this distinguished recognition. Further, the company's Texture &amp; Healthful Solutions segment posted 11% sales volume growth in the last reported quarter. Also, robust growth in all segments drove its double-digit operating profit growth.
INGR's stock performance is consistent with its efforts. Shares of INGR surged 11% over the past six months and 25.7% over the past year to close the last trading session at $137.36.
Let's look at factors that could influence INGR's performance in the upcoming months.
Positive Recent Developments
On November 14, 2024, INGR entered into a new long-term collaboration with Lantmännen, an agricultural cooperative and Northern Europe's leading player in agriculture, bioenergy, food, and ingredients. The collaboration aims to accelerate the development of high-quality plant-based proteins in the European market.
The strategic partnership will expand INGR's footprint in the European market and solidify its position as a global leader in the plant-based protein industry. The companies' combined strengths will allow them to deliver superior, sustainably sourced pea protein isolates that meet the evolving needs of the global market.
Robust Financials
For the third quarter that ended September 30, 2024, INGR reported net sales of $1.87 billion. Its gross profit came in at $479 million, up 13.8% from the prior year's quarter. The company's non-GAAP adjusted operating income rose 28.8% from the year-ago value to $282 million.
In addition, non-GAAP adjusted net income attributable to Ingredion came in at $203 million, up 30.1% from the prior-year quarter, while EPS grew 30.9% from the year-ago value to $3.05.
Also, as of September 30, 2024, the company's cash and cash equivalents stood at $877 million, compared to $401 million as of December 31, 2023.
According to the updated full-year 2024 outlook, INGR expects its adjusted operating income to be up high single digits. The company also projects adjusted EPS in the range of $10.35 to $10.65.
Solid Historical Growth
INGR's revenue and EBITDA have grown at respective CAGRs of 3.9% and 6.6% over the past three years. The company's EBIT has increased at a CAGR of 8% over the same timeframe, while its net income and EPS have improved at CAGRs of 60.6% and 61.5%, respectively.
Furthermore, the company's tangible book value and levered free cash flow have improved at CAGRs of 15% and 111.2% over the past three years, respectively.
Favorable Analyst Estimates
Analysts expect INGR's revenue for the first quarter (ending March 2025) to increase 1.6% year-over-year to $1.91 billion. The consensus EPS estimate of $2.60 for the same quarter indicates a 25% year-over-year improvement. Moreover, INGR has an impressive earnings surprise history, having topped consensus EPS estimates in each of the trailing four quarters.
For the fiscal year ending December 2025, the company's revenue and EPS are expected to grow 1.2% and 6.3% year-over-year to $7.58 billion and $11.20, respectively.
High Profitability
INGR's trailing-12-month EBIT margin of 12.66% is 30% higher than the industry average of 9.74%. Its trailing-12-month net income margin of 9.05% is 112.1% higher than the industry average of 4.27%. Similarly, its trailing-12-month levered FCF margin of 13.22% is significantly higher than the 5.93% industry average.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 18.68%, 10.27%, and 9.08% favorably compared to the industry averages of 10.64%, 7.16%, and 3.91%, respectively.
Discounted Valuation
In terms of forward non-GAAP P/E, INGR is currently trading at 13.03x, 20.7% lower than the industry average of 16.43x. Also, the stock's forward EV/Sales and Price/Sales of 1.33x and 1.20x are considerably lower than the industry averages of 1.68x and 1.25x, respectively.
Additionally, the stock's forward EV/EBITDA and Price/Book of 8.17x and 2.21x are 22.7% and 28% higher than the industry averages of 10.57x and 3.06x, respectively.
POWR Ratings Reflect Promise
INGR's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, translating to a Strong Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. INGR has a B grade for Value and Quality, which is in sync with its lower valuation and higher-than-industry profitability.
In addition, the stock also has a B grade for Sentiment, consistent with its optimistic analysts' estimates.
INGR has topped among the 75-stock B-rated <a href="https://stocknews.com/category/food-makers/">Food Makers</a> industry.
Beyond what I have stated above, we have also given INGR grades for Growth, Momentum, and Stability. Get access to all the INGR Ratings <a href="https://stocknews.com/stock/INGR/">here</a>.
Bottom Line
INGR is a leading supplier of specialty ingredients focused on innovation and sustainability. The company actively caters to the specialty food ingredients and health-conscious products market. INGR's global reach, strategic product offerings, deep research, and financial ability have positioned it for a robust expansion.
The company also announced a quarterly dividend of $0.80 per share on its common stock paid on January 21, 2025, to stockholders of record on January 2, 2025, reflecting its cash flow strength.
Given INGR's solid financials, accelerating profitability, reliable dividends, and promising growth outlook, this stock could be an ideal buy now.
How Does Ingredion Incorporated (INGR) Stack Up Against Its Peers?
While HWM has an overall POWR Rating of A, investors could also check out these other stocks within the B-rated <a href="https://stocknews.com/category/food-makers/">Food Makers</a> industry with A (Strong Buy) or B (Buy) ratings: Sanderson Farms, Inc. (<a href="https://stocknews.com/stock/SAFM/">SAFM</a>), JBS S/A ADR (<a href="https://stocknews.com/stock/JBSAY/">JBSAY</a>), and Pilgrim's Pride Corporation (<a href="https://stocknews.com/stock/PPC/">PPC</a>).
For exploring more A and B-rated food maker stocks, <a href="https://stocknews.com/category/food-makers/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
INGR shares were trading at $134.75 per share on Monday afternoon, down $1.69 (-1.24%). Year-to-date, INGR has declined -1.47%, versus a 1.77% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/ingr-safm-jbsay-ppc-is-ingredion-a-sweet-opportunity-in-the-food-ingredients-market/>Is Ingredion a Sweet Opportunity in the Food Ingredients Market?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Ingredion a Sweet Opportunity in the Food Ingredients Market?

Pilgrim's Pride (PPC) Receives a Hold from Barclays

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Pilgrim's Pride Reports First Quarter 2024 Results with $4.4 Billion in Net Sales and Operating Income of $250.3 Million

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Pilgrim's Pride Reports Second Quarter 2024 Results with $4.6 Billion in Net Sales and Operating Income of $440.8 Million

Pilgrim's Pride Corporation to Host Third Quarter Earnings Call on October 31, 2024

Pilgrim's Releases 2023 Sustainability Report

Pilgrim's Pride Reports Third Quarter 2024 Results with $4.6 Billion in Net Sales and Operating Income of $508.4 Million

Pilgrim's Pride Corporation to Host Year End 2024 Earnings Call on February 13, 2025

Pilgrim's Pride Corporation to Host Investor Day on March 14

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