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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) to buy the Kerry Consumer Foods' Meats and Meals business, which will add key value-added protein and renowned brands to its portfolio.
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Lonnie Alfred "Bo" Pilgrim (May 8, 1928 – July 21, 2017) was the co-founder of Pilgrim's Pride, which at one time was one of the largest chicken producers in the United States. Pilgrim founded Pilgrim's Pride when he opened a feed store in 1946 in Pittsburg, Texas , with his older brother, Aubrey.
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 (PPC) benefits from long-term investments like capacity expansion and automation. However, rising pressures from inflation are a concern.
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 Corp. has reached a plea agreement with the U.S. government over charges of price-fixing in the chicken industry. Under the agreement, Pilgrim’s Pride would pay a fine of $110. ...