Pilgrim’s Pride (NASDAQ: PPC) gets full buyout pitch from JBS
JBS N.V. has submitted a non-binding proposal to acquire all outstanding common shares of Pilgrim’s Pride Corporation (PPC) not already owned by JBS or its affiliates. The proposal suggests an exchange ratio of 2.086 JBS Class A common shares for each PPC share, based on August 18, 2026 closing prices. Pilgrim's Pride's board plans to form a special committee to evaluate the offer, which JBS states is not subject to due diligence and does not require JBS shareholder approval.
JBS seeking total control of Pilgrim’s Pride Corp.
JBS SA has offered to acquire the remaining 18% of shares in poultry processor Pilgrim's Pride Corp. for $28.49 per share, totaling an implied valuation of $1.2 billion. JBS, which currently owns 82% of Pilgrim's Pride, also offered 2.086 JBS Class A common shares for each PPC share. This move aims to fully integrate Pilgrim's Pride, which JBS first acquired a majority stake in back in 2009.
Pilgrim’s Pride receives unsolicited proposal from majority owner for fixed-share exchange
Pilgrim's Pride (PPC) has received an unsolicited proposal from its majority stockholder, JBS, to acquire all remaining shares at a fixed exchange ratio of 2.086 JBS Class A shares per Pilgrim’s Pride share. The Pilgrim's Pride Board will establish a special committee of independent directors to evaluate this non-binding proposal. The proposed exchange ratio is based on the closing prices of JBS ($13.66) and Pilgrim’s Pride ($28.49) on August 18, 2026.
JBS Offers $28.49 per Share for Pilgrim's Pride | Merger Proposal - News and Statistics
JBS has proposed to acquire the remaining 18% of Pilgrim's Pride Corp. (PPC) shares that it does not already own. The offer is for $28.49 per share, matching the closing price on August 18, or 2.086 JBS Class A common shares per PPC share. This move aims to allow PPC stockholders to benefit from JBS's larger and more diversified global business while ensuring continuity for employees, customers, and partners.
Last Bite: JBS Launches Bid for Last 18% of Pilgrim’s Pride Shares
JBS has launched a new bid to acquire the remaining 18% of Pilgrim's Pride Corp. shares it does not already own, offering 2.086 Class A common shares of JBS for each Pilgrim's Pride share. This attempt revives a similar failed bid from 2021, which was rejected by a special committee of shareholders who deemed the offer undervalued. Analysts believe the current "no-premium" offer, valued around $28.50 per share, is unlikely to be accepted by independent shareholders without a higher valuation.
JBS Proposes Acquiring Full Ownership of Pilgrim’s Pride
JBS has proposed to acquire the remaining 18% of Pilgrim’s Pride Corp. common stock that it does not currently own through a stock exchange offer. This non-binding proposal would delist Pilgrim's Pride if accepted and executed, valuing the minority stake at approximately $1.2 billion. JBS has held a majority stake in Pilgrim's Pride since 2009 and has made previous attempts to acquire full ownership in 2021 and 2022.
Pilgrim's Pride (NASDAQ:PPC) Shares Gap Up - Here's What Happened
Pilgrim's Pride (NASDAQ:PPC) shares gapped up before market open, rising from a previous close of $28.49 to an opening of $30.40, and last traded near $32.27 on significant volume. This surge occurred despite mixed analyst sentiment, with Barclays upgrading the stock to "overweight" while UBS and Bank of America lowered their price targets, resulting in an overall "Hold" consensus rating. The company's recent quarterly earnings of $0.64 EPS missed the $0.70 consensus estimate, and revenue declined 2.8% year-over-year to $4.63 billion.
JBS again proposes to acquire remaining Pilgrim's shares
JBS, which already owns 82% of Pilgrim's Pride Corp., has made a non-binding offer to acquire the remaining shares by exchanging 2.086 JBS Class A shares for each Pilgrim's Pride share. This proposal aims to simplify the organizational structure, eliminate public company costs, and provide Pilgrim's Pride shareholders with greater trading liquidity through JBS shares. This is JBS's second attempt to acquire the remaining shares in five years, following a withdrawn offer in 2021.
JBS seeks rest of Pilgrim’s Pride stake in $1.2 billion deal
JBS has offered to acquire the remaining 18% of Pilgrim’s Pride it doesn't already own in a stock deal valued at approximately $1.2 billion. This move aims to simplify JBS's organizational structure, improve capital allocation, and provide Pilgrim’s Pride shareholders access to JBS stock. The proposal requires review and approval by a Pilgrim’s Pride board committee.
JBS revisits bid to take control of Pilgrim’s Pride
Brazilian meatpacker JBS has submitted a non-binding proposal to acquire the remaining shares of its US majority-owned subsidiary, Pilgrim's Pride, four years after a previous attempt was abandoned. The offer values each Pilgrim's Pride share at $28.49 and would result in the company being delisted from Nasdaq. JBS, which currently owns about 82% of Pilgrim's Pride, states the acquisition would streamline its organizational structure and improve capital allocation.
JBS proposes to acquire remaining shares in Pilgrim’s Pride
JBS SA, the world's largest meatpacker, has proposed to acquire the remaining 18% of shares in Pilgrim's Pride Corp that it does not already own. The offer values each Pilgrim's Pride share at $28.49 and requires approval from Pilgrim's Pride's independent directors and minority shareholders. This move follows JBS's recent joint venture agreement with Indonesia's sovereign wealth fund and Pilgrim's Pride's acquisition of Walker's Deli & Sausage Company.
JBS Announces Proposal to Acquire Remaining Publicly Traded Shares of Pilgrim's Pride Corporation
JBS N.V. has submitted a non-binding proposal to acquire all outstanding shares of Pilgrim's Pride Corporation (PPC) not already owned by JBS or its affiliates. The proposal involves a fixed exchange ratio of 2.086 JBS Class A common shares for each PPC share. JBS currently owns approximately 82% of PPC's common stock and believes the acquisition will offer benefits such as continued participation in PPC's performance within a larger global platform, a simplified organizational structure, and access to greater trading liquidity.
JBS bid to buy out Pilgrim's Pride (NASDAQ: PPC) could end its Nasdaq listing
JBS N.V. has proposed acquiring all outstanding Pilgrim's Pride (PPC) common shares not already owned by JBS or its affiliates, offering 2.086 JBS Class A common shares for each PPC share. JBS currently owns 82.1% of PPC, and if the acquisition is successful, it could lead to PPC's delisting from the Nasdaq Global Select Market and deregistration. The proposal is non-binding and requires approval from an independent special committee and a majority-of-the-minority shareholder vote.
Pilgrim’s Europe to acquire deli, sausage company
Pilgrim's Europe, a division of Greeley-based Pilgrim's Pride Corp. (Nasdaq: PPC), has agreed to acquire Walkers Deli & Sausage Co. from Samworth Brothers. This acquisition, awaiting regulatory approval, will expand Pilgrim's European presence and capabilities in value-added food products. Walkers, a UK producer of premium pork products since 1824, operates four facilities and employs approximately 1,150 team members.
Can PPC's Walkers Deal Strengthen Its Premium Food Business?
Pilgrim's Pride Corporation (PPC) is acquiring Walkers Deli & Sausage Company from Samworth Brothers to expand its U.K. premium food footprint, particularly in value-added pork products. This acquisition aligns with PPC's strategy to diversify its European business, which has faced pressure from increased imports, and leverage its strong financial position. The success of the deal hinges on effective integration and its ability to boost European growth and profitability.
Pilgrim's Pride Corporation (NASDAQ:PPC) Receives Average Recommendation of "Hold" from Brokerages
Pilgrim's Pride Corporation (NASDAQ:PPC) has received an average rating of "Hold" from brokerages, with analysts issuing one sell, five hold, and two buy recommendations. The average 1-year target price among analysts is $36.50. The company recently reported earnings per share of $0.64, missing consensus estimates, and its revenue declined by 2.8% year-over-year.
Pilgrim’s Pride Buying UK Pork Processor for $192M
Pilgrim's Pride Corp. is set to acquire the UK-based Walker’s Deli & Sausage Company for approximately $192 million in a cash deal expected to close next month. This acquisition will strengthen Pilgrim's Pride's European platform and expand its capabilities in value-added food products. Walker's, a long-standing manufacturer of sausages, cooked meats, bacon, pâté, and snacks, is already a buyer of raw pork supplied by Pilgrim’s Europe.
Form 8K Pilgrims Pride Corp For: 17 August By Investing.com
This article reports on the filing of a Form 8K by Pilgrim's Pride Corporation (PPC) on August 17. The Form 8K is a mandatory filing by U.S. public companies to announce major events that shareholders should know about. The article itself provides minimal detail beyond the filing announcement.
Pilgrim's Pride to Acquire Walker's Deli & Sausage for £141.5 Million in UK Deal
Pilgrim's Pride has announced its acquisition of Walker's Deli & Sausage Company from Samworth Brothers for approximately £141.5 million in an all-cash deal. The acquisition aims to expand Pilgrim's Pride's UK value-added pork and deli portfolio. The closing is anticipated in September 2026, pending customary conditions including CMA approval and employee consultations.
Pilgrim’s Europe to Acquire Walkers Deli & Sausage Company
Pilgrim's Europe, a division of Pilgrim's Pride Corp., is set to acquire the UK's Walkers Deli & Sausage Co., pending approval. This acquisition will expand Pilgrim's Europe's presence in the UK and boost its value-added pork product offerings. Walkers, known for its premium pork products and employing about 1,150 people, will allow its current owner, Samworth Brothers, to focus on other growth opportunities.
Pilgrim's Europe to Acquire Walkers Deli & Sausage Company from Samworth Brothers
Pilgrim's Europe announced its agreement to acquire Walkers Deli & Sausage Company from Samworth Brothers, pending regulatory approval and employee consultation. This acquisition aims to strengthen Pilgrim's position in the UK food industry, particularly in premium pork products, and leverage an existing supply relationship. Walkers, known for its premium pork products since 1824, operates from Leicester and employs around 1,150 staff.
Pilgrim's Agrees to Acquisition of Walkers Deli & Sausage Company
Pilgrim's Europe has announced an agreement to acquire Walkers Deli & Sausage Company from Samworth Brothers, pending approval by the Competition and Markets Authority. This acquisition aims to strengthen Pilgrim's position in the UK food industry and expand its presence in value-added premium pork categories. Walkers, known for its premium pork products and extensive heritage, will enhance Pilgrim's European platform and capabilities.
A Leicester Food Business With 1,150 Workers Could Change Hands
Pilgrim's Europe has agreed to acquire Walkers Deli & Sausage Company from Samworth Brothers, pending UK regulatory approval and employee consultation. This acquisition aims to strengthen Pilgrim's position in the UK food industry, expand its presence in value-added premium pork categories, and deepen an existing supply relationship. Walkers, founded in 1824, operates four facilities in Leicester and employs approximately 1,150 people, offering premium sausages, cooked meats, bacon, snacking products, and pâté to leading UK retailers.
Weaker Chicken Prices And Pulled Guidance Might Change The Case For Investing In Pilgrim's Pride (PPC)
Pilgrim's Pride (PPC) is facing significant pressure due to a sharp decline in chicken commodity prices, which has squeezed earnings and led management to withhold numerical guidance. This situation raises concerns about the company's already modest revenue growth and thin gross margins, challenging its investment narrative that relies on efficiency gains and higher-value products. The recent Q2 2026 earnings showed a substantial drop in net income, highlighting the impact of commodity price swings on PPC's profitability.
Amphenol and Pilgrim Pride have been highlighted as Zacks Bull and Bear of the Day
Zacks Equity Research has named Amphenol Corporation (APH) as the Bull of the Day due to its essential role in AI infrastructure, strong earnings, and consistent stock performance. Conversely, Pilgrim's Pride Corporation (PPC) is designated the Bear of the Day because of its volatile earnings tied to chicken prices, recent misses, and a deteriorating technical outlook. The article also provides an update on Uber's (UBER) autonomous vehicle ambitions, detailing its progress with Wayve in London and partnerships with WeRide and Amazon's Zoox.
Pacer Advisors Inc. Sells 636,184 Shares of Pilgrim's Pride Corporation $PPC
Pacer Advisors Inc. significantly reduced its stake in Pilgrim's Pride Corporation (NASDAQ:PPC) by 99.2% in the first quarter, selling 636,184 shares and retaining only 4,929 shares valued at $186,000. This comes as Pilgrim's Pride reported weaker-than-expected quarterly results, missing EPS consensus estimates and experiencing a revenue decline. Despite analysts maintaining a consensus "Hold" rating with an average price target of $36.50, the company's shares opened near their 12-month low.
Bear of the Day: Pilgrim's Pride (PPC)
Pilgrim's Pride (PPC) has been designated as the "Bear of the Day" due to significant drops in its stock price and unfavorable earnings estimate revisions. The company, a major chicken producer, is struggling with the volatile economics of commodity chicken, especially a sharp decline in the jumbo commodity cutout market. This has led to collapsing profitability and a poor technical outlook, making the stock an unfavorable investment despite management's efforts to diversify.
Quantinno Capital Management LP Increases Position in Pilgrim's Pride Corporation $PPC
Quantinno Capital Management LP significantly increased its stake in Pilgrim's Pride Corporation (NASDAQ:PPC) by 134.4% in the first quarter, now holding 112,126 shares valued at $4.23 million. Despite this increased institutional interest, the company faces cautious analyst sentiment with a consensus "Hold" rating and a price target of $36.50. Pilgrim's Pride recently reported quarterly earnings that missed consensus estimates and saw a 2.8% year-over-year revenue decline, with its shares opening near a 52-week low.
Amundi Lowers Stock Position in Pilgrim's Pride Corporation $PPC
Amundi reduced its stake in Pilgrim's Pride Corporation (NASDAQ:PPC) by 23.7% in the first quarter, selling 76,862 shares but retaining 247,448 shares valued at $9.34 million. While Amundi decreased its holdings, other institutional investors like Vanguard and Assetmark increased their positions, with institutional investors collectively owning 16.64% of PPC. The stock recently traded near $26.58 after the company missed quarterly earnings and revenue estimates, and analysts currently maintain a "Hold" rating with an average price target of $36.83.
Pilgrims Pride stock hits 52-week low at 26.48 USD By Investing.com
Pilgrim's Pride (PPC) stock has fallen to a 52-week low of $26.50, representing a 42.4% decline over the past year. Despite a low P/E ratio of 11.66 and a $6.34 billion market cap, the company faces challenges including low gross profit margins of 9.74% and recent disappointing Q2 2026 results due to lower chicken prices and legal charges. InvestingPro analysis, however, suggests the stock might be undervalued and rates the company's financial health as "GOOD."
Pilgrims Pride stock hits 52-week low at 26.48 USD By Investing.com
Pilgrim's Pride stock has dropped to a 52-week low of $26.50, marking a 42.4% decline over the past year. This comes after the company reported disappointing Q2 2026 results, missing analyst expectations for both earnings and revenue due to lower chicken prices and legal charges. Despite the stock's performance challenges and low gross profit margins, InvestingPro analysis suggests it may be undervalued, maintaining a "GOOD" financial health score.
Pilgrims Pride stock hits 52-week low at 26.48 USD
Pilgrim's Pride (PPC) stock has fallen to a 52-week low of $26.50, marking a 42.4% decline over the past year. This comes after the company reported disappointing Q2 2026 results, missing analyst expectations for both earnings and revenue due to lower chicken prices and softer margins. Despite these challenges, InvestingPro analysis suggests the stock may be undervalued and maintains a "GOOD" financial health score.
JBS Agrees to $31 Million Settlement of Pilgrim’s Dividend Case
JBS SA has agreed to a $31 million settlement to resolve a shareholder lawsuit concerning Pilgrim's Pride Corp.'s dividend practices. The settlement, filed in Delaware's Chancery Court, addresses claims that JBS and its board allies intentionally delayed shareholder distributions until charter changes allowed significant tax savings on dividends for Pilgrim's Pride. The agreement requires approval from Vice Chancellor Paul A. Fioravanti Jr.
Pilgrims Pride Corp (PPC) Stock Down 6.8% -- Now Undervalued? GF Score: 76/100
Pilgrims Pride Corp (PPC) shares dropped 6.8% to $27.36, but GuruFocus' GF Value™ indicates the stock is 31.9% undervalued with a fair value of $40.16. Despite recent price challenges, PPC holds an above-average GF Score™ of 76/100, driven by strong profitability, suggesting potential for appreciation as market conditions improve. There has been mixed guru activity and no insider transactions in the last three months.
Pilgrim's Pride profit falls as chicken commodity prices drop
Pilgrim's Pride Corp. reported a significant drop in second-quarter profit due to falling chicken commodity prices, despite firm consumer demand. Net sales decreased by 2.8%, and GAAP net income fell to $13.2 million, or 6 cents per share, from $1.49 per share a year ago. The company saw bright spots in its U.S. Prepared Foods division and international growth, helping to offset the commodity market pressures.
Pilgrim’s profit drops amid chicken market pressure
Pilgrim's Pride Corp. reported a significant profit drop in Q2 2026, with earnings falling to $13.2 million from $356 million the previous year, and total revenue decreasing by 2.8%. Despite a challenging chicken commodity market where supply outpaced demand, the company remains optimistic, citing firm chicken demand, strategic investments in processing equipment, and strong growth in its prepared foods and Just Bare brand. Pilgrim's is also expanding its international divisions and making further investments in plant upgrades to improve future margins and meet growing customer demand.
Earnings call transcript: Pilgrim’s Pride Q2 2026 misses estimates as margins sink
Pilgrim’s Pride (PPC) reported weaker-than-expected Q2 2026 earnings, missing analyst estimates for both profit and revenue due to lower chicken prices, legal charges, and margin pressure across its U.S., Mexico, and European operations. Despite firm chicken demand, a significant drop in jumbo cutout value impacted U.S. results, though prepared foods and the Just Bare brand showed growth. The company indicated that full-year capital spending plans remain on track at $900 million and expects U.S. chicken supply growth to moderate in the second half of 2026, which could help stabilize pricing and margins.
Pilgrim’s profit drops amid chicken market pressure
Pilgrim's Pride Corp. reported a significant drop in profitability in Q2 2026, with profits falling to $13.2 million from $356 million in the previous year, despite firm chicken demand. The company is investing in plant upgrades and operational improvements to enhance margins, including big bird portioning and dark meat deboning. Pilgrim's saw sales growth in retail chicken and a 14% increase in prepared foods volumes, driven by its Just Bare brand, and continued strategic investments in its international divisions.
Pilgrim’s Pride Corp Q2 2026: Revenue $4.63B, EPS $0.06— 10-Q Summary
Pilgrim's Pride Corp (PPC) reported second-quarter 2026 results with revenue of $4.63 billion and diluted earnings per share of $0.06, significantly down from the prior year. Net income attributable to Pilgrim’s was $13.4 million, a substantial decrease from $355.5 million in the year-ago quarter. The decline was mainly attributed to lower U.S. selling prices, increased industry supply, and higher costs in live operations, grain, and utilities, despite solid retail and foodservice demand.
Pilgrim’s Pride reports $4.6B sales as per-share earnings fall 96%
Pilgrim's Pride (NASDAQ:PPC) reported Q2 2026 net sales of $4.6 billion, a 2.8% year-over-year decrease, with GAAP EPS falling 96.0% to $0.06. Adjusted EBITDA was $360.0 million, down 47.6% year-over-year, primarily due to lower jumbo commodity cutout pricing, despite strong chicken demand. The company highlighted growth in branded products like Just Bare and Pilgrim’s-branded retail fresh volumes, alongside ongoing investments in prepared foods and operational improvements to mitigate market volatility.
Pilgrims Pride earnings on deck as poultry margins face test
Pilgrim's Pride Corp. is set to report second-quarter earnings, with investors focused on signs of margin recovery amid an industry oversupply and pressure on chicken prices. Analysts anticipate an improvement in sequential earnings and revenue, though year-over-year comparisons remain challenging due to the downturn in poultry market conditions from 2025 highs. The company's ability to demonstrate profitability despite pricing headwinds and manage cost trends will be crucial for its outlook.
Pilgrim’s reports Q2 2026 results
Pilgrim's Pride Corp. reported its second-quarter 2026 financial results, with net sales of $4.6 billion, a consolidated GAAP operating income margin of 1.4%, and GAAP net income of $13.2 million. Profitability declined year-over-year due to commodity market pricing reductions, but margins improved sequentially due to plant upgrades and improvements in live operations. The company highlighted strong performance in U.S. Prepared Foods, growth in Europe and Mexico, and a robust liquidity position.
PPC|Pilgrims Pride Corp|Price:29.820|Chg%:+0.630
This article provides a comprehensive stock analysis of Pilgrims Pride Corp (PPC), highlighting its stable fundamentals, high growth potential, and fair valuation. Institutional ownership is notably high, and analysts currently rate the stock as "Hold" with a target price of $34.76. The company shows strong profit growth with a high net income but also risks due to institutional selling.
Dimensional Fund Advisors LP Has $144.62 Million Position in Pilgrim's Pride Corporation $PPC
Dimensional Fund Advisors LP significantly increased its stake in Pilgrim's Pride Corporation (NASDAQ:PPC) by 12.0% in the first quarter, now holding over 3.8 million shares valued at $144.62 million. Other hedge funds also adjusted their positions, and 16.64% of the company's stock is held by institutional investors and hedge funds. Despite missing earnings estimates in its last quarterly report, analysts currently provide a "Hold" consensus rating with a target price of $36.83.
Pilgrims Pride Corp - Detailed Introduction, Company Background, Business Scope, Financial Data, and Market Performance | TradingKey
This article provides a detailed company profile for Pilgrim's Pride Corporation (PPC), outlining its business scope, financial data, and market performance. It covers the company's activities in producing, processing, marketing, and distributing fresh, frozen, and value-added chicken and pork products across the U.S., Europe, and Mexico. Key information such as executive shareholdings, institutional ownership, and primary revenue sources are also highlighted.
US72147KAK4 Bond Profile — Key Metrics
This article provides key metrics for the Pilgrim's Pride Corporation 6.25% 01-JUL-2033 bond, identified by US72147KAK4, traded on the Frankfurt Stock Exchange. It details the issuer, issue and maturity dates, outstanding amount, face value, and coupon rate. The bond is issued by Pilgrim's Pride Corp., a company specializing in chicken and pork products across the U.S., Europe, and Mexico.
JBSAY5243791 Bond Profile — Key Metrics
This article provides a bond profile for JBSAY5243791, a Pilgrim's Pride Corporation bond with a 3.5% coupon rate maturing on March 1, 2032. Key metrics like issue date, maturity date, outstanding amount, face value, and minimum denomination are detailed. The profile also includes a brief company description of Pilgrim's Pride Corp.
Pilgrim's Pride (PPC) Expected to Post Quarterly Earnings on Wednesday
Pilgrim's Pride (NASDAQ:PPC) is expected to release its Q2 2026 earnings
JBSAY5544569 Bond Profile — Key Metrics
This article provides a detailed profile of the Pilgrim's Pride Corporation bond JBSAY5544569, highlighting its key metrics. The bond, with a 3.5% coupon rate and maturing on March 1, 2032, has an outstanding amount of $889.47 million. Pilgrim's Pride Corp. is described as a company engaged in the production, processing, marketing, and distribution of chicken and pork products across the U.S., Europe, and Mexico.
Pilgrim's Pride (PPC) Stock Falls Amid Market Uptick: What Investors Need to Know
Pilgrim's Pride (PPC) stock recently fell by 2.09% to $28.55, underperforming the broader market's gains. Despite this, the stock has appreciated 9.5% over the past month, outperforming its sector and the S&P 500. The company, which currently holds a Zacks Rank of #5 (Strong Sell), is expected to report its earnings on July 29, 2026, with an anticipated 55.88% decline in EPS compared to the previous year.
