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Pilgrim's Pride is a multi-national corporation and employs about 38,000 people with sales of $8.1 billion in 2012, and has operations in 12 states, Mexico and Puerto Rico. It has the capacity to process about 36 million birds per week resulting in almost 9.5 billion pounds of live chicken annually.
Pilgrim's Pride (PPC) benefits from long-term investments like capacity expansion and automation. However, rising pressures from inflation are a concern.
In December 2006, six of the company's meat-packing facilities in Colorado, Nebraska, Texas, Utah, Iowa, and Minnesota were raided by U.S. Immigration and Customs Enforcement officials, resulting in the apprehension of 1,282 undocumented immigrants from Mexico, Guatemala, Honduras, El Salvador, Peru, Laos, Sudan, and Ethiopia, and nearly 200 of ...
Solid operations in Mexico and revival of market conditions in the United States are upsides for Pilgrim's Pride (PPC). Also, focus on capacity expansions bodes well.
Pilgrim's Pride (PPC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Pilgrim's Pride Corporation is eyeing potential acquisition targets after posting better-than-expected quarterly numbers last Thursday. The chicken producer also beat estimates on both revenue and ...
In 2014, an Animal Outlook investigation exposed chickens being buried alive at a North Carolina factory farm supplying Pilgrim's Corp. (formerly Pilgrim's Pride), the second largest chicken producer in the world and a supplier for Chick-Fil-A, Burger King, Wendy's and Walmart. CNN broke the shocking story. [14]
Mid-caps stocks, like Pilgrim’s Pride Corporation (NASDAQ:PPC) with a market capitalization of US$4.5b, aren’t the focus of most investors who prefer to direct their investments towards either ...