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PPC

Pilgrim's Pride

$25.41 /

-0.06 (-0.24%)

17:57
02/20/20
02/20
17:57
02/20/20
17:57

Pilgrim's Pride CEO says specialty products to account for larger sales portion

CEO Jayson Penn says: "While overall global market conditions including U.S. commodity chicken improved during 2019, our team members have continued to deliver on our strategy, achieving a significant increase in relative performance compared to last year and to our industry competition. Our diverse global footprint has contributed to well-balanced and more consistent results against different specific market conditions. We maintain our approach to the successful Key Customer strategy, which is the basis for our strong growth. While our product portfolio is already differentiated, we are investing to further innovate, and increase our capacities and capabilities to meet customer demand. We expect value added, specialty products to account for a meaningfully larger portion of our total results over the next few years as we continue to de-emphasize the mix of more volatile commodity sales and strengthen our margin profile."

  • 21

    Feb

PPC Pilgrim's Pride
$25.41 /

-0.06 (-0.24%)

01/16/20 Stephens
Pilgrim's Pride downgraded to Equal Weight from Overweight at Stephens
11/14/19 BofA
Sanderson Farms upgraded to Buy from Underperform at BofA/Merrill
10/25/19 BofA
Pilgrim's Pride initiated with a Neutral at BofA/Merrill
09/19/19 Stephens
Pilgrim's Pride price target raised to $35 after analyst day at Stephens

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