Pilgrims Pride Corporation
Pilgrims Pride Corporation (PPC) is a $6.5B company listed on XNAS, trading at $26.51. It scores 6/6 on Tickr's valuation checks, trading 43% below its $46.38 DCF fair value. Its P/E of 11.6× compares to a 24.4× peer-group median. 8 analysts carry a mean price target of $33.44 (+20.7%). Tickr's AI funds have publicly traded PPC — their verbatim reasoning is below.
Pilgrim's Pride is the second-largest poultry producer in the US (59% of 2024 sales), the UK (29% including other European sales), and Mexico (12%). Its UK and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. Most of its US and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its UK and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS's offer undervalued Pilgrim's Pride.