Last $28.31 USD
Change Today +0.88 / 3.21%
Volume 3.1M
PPC On Other Exchanges
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As of 4:00 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

pilgrim's pride corp (PPC) Snapshot

Open
$27.38
Previous Close
$27.43
Day High
$28.42
Day Low
$27.30
52 Week High
12/4/14 - $32.62
52 Week Low
03/3/14 - $14.47
Market Cap
7.4B
Average Volume 10 Days
2.0M
EPS TTM
$2.84
Shares Outstanding
259.7M
EX-Date
01/28/15
P/E TM
10.0x
Dividend
--
Dividend Yield
20.61%
Current Stock Chart for PILGRIM'S PRIDE CORP (PPC)

pilgrim's pride corp (PPC) Details

Pilgrim's Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico. It offers fresh chicken products comprising pre-marinated or non-marinated, and prepackaged refrigerated (nonfrozen) whole or cut-up chicken in various combinations of refrigerated whole chickens and chicken parts. The company also provides prepared chicken products, such as portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts. In addition, it exports whole chickens and chicken parts to approximately 95 countries. Pilgrim’s Pride Corporation sells its products to foodservice market, including chain restaurants, food processors, broad-line distributors, and other institutions; and retail market customers that primarily include grocery store chains, wholesale clubs, and other retail distributors. The company was founded in 1946 and is headquartered in Greeley, Colorado. As of December 28, 2014, Pilgrim’s Pride Corporation operates as a subsidiary of JBS USA Holdings, Inc.

35,000 Employees
Last Reported Date: 02/12/15
Founded in 1946

pilgrim's pride corp (PPC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.0M
Chief Financial Officer and Principal Account...
Total Annual Compensation: $377.9K
Compensation as of Fiscal Year 2013.

pilgrim's pride corp (PPC) Key Developments

Pilgrim's Pride Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for 2015

Pilgrim's Pride Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $2,110,436,000 against $2,047,285,000 for the same period in the last year. Operating income was $328,992,000 against $157,858,000 for the same period in the last year. Income before income taxes was $273,024,000 against $143,681,000 for the same period in the last year. Net income attributable to the company was $167,187,000 or $0.64 per diluted share against $143,351,000 or $0.55 per diluted share for the same period in the last year. Net income from continuing operations was $167,003,000 against $143,670,000 for the same period in the last year. EBITDA was $344,598,000 against $196,252,000 for the same period in the last year. Adjusted EBITDA was $367,829,000 against $196,616,000 for the same period in the last year. For the year, the company reported net sales of $8,583,365,000 against $8,411,148,000 for the same period in the last year. Operating income was $1,203,115,000 against $658,863,000 for the same period in the last year. Income before income taxes was $1,102,391,000 against $573,940,000 for the same period in the last year. Net income attributable to the company was $711,648,000 or $2.74 per basic and diluted share against $549,555,000 or $2.12 per basic and diluted share for the same period in the last year. Net income from continuing operations was $711,438,000 against $549,713,000 for the same period in the last year. Cash provided by operating activities was $1,066,692,000 against $878,533,000 for the same period in the last year. Acquisitions of property, plant and equipment were $171,443,000 against $116,223,000 for the same period in the last year. EBITDA was $1,321,774,000 against $800,192,000 for the same period in the last year. Adjusted EBITDA was $1,352,249,000 against $810,110,000 for the same period in the last year. The company expected the interest expense for 2015 to be in the range of $35 million. It also provides with the ability to increase plans for capital projects in 2015, similar to what the company did in 2014.

Pilgrim's Pride Corporation, To-Ricos, Ltd. and To-Ricos Distribution, Ltd. Enter into Amendment No. 3 to Credit Agreement

On January 14, 2015, Pilgrim's Pride Corporation and its subsidiaries, To-Ricos, Ltd. and To-Ricos Distribution, Ltd. and the other subsidiaries of the company party thereto, entered into Amendment No. 3 to Credit Agreement, which amended the Amended and Restated Credit Agreement dated as of August 7, 2013, by and among the company, the To-Ricos Borrowers, the other subsidiaries of the company party thereto, CoBank, ACB, as administrative agent, and the other lenders party thereto. The CoBank Amendment permits the company to pay dividends with respect to its equity of up to $1.5 billion until 12 months after the effective date of the CoBank Amendment as long as the Company is in compliance with the CoBank Credit Facility (including pro forma compliance with financial covenants), has availability greater than $300 million and has net income for the prior four fiscal quarters greater than $100 million. In addition the CoBank Amendment amended the minimum consolidated tangible net worth financial covenant.

Pilgrim's Pride Corporation Announces Special Dividend, Payable on February 17, 2015

Pilgrim's Pride Corporation announced that as part of its strategy of improving its capital structure and generating shareholder value, its Board of Directors has approved the declaration of a special cash dividend of $5.77 per share. The total amount of the special dividend payment will be approximately $1.5 billion based on the current number of shares outstanding. The special cash dividend is payable on February 17, 2015, to stockholders of record on January 30, 2015.

 

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