PILGRIM’S PRIDE CORPORATION
boothcheck covers PILGRIM’S PRIDE CORPORATION (PPC) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
- Pilgrim's Pride is one of the largest chicken producers in the world, majority-owned by JBS. It is a commodity protein business whose earnings swing with the spread between chicken prices and feed costs, so the cycle, not the company, drives the result. - The catch is timing. Margins have just rolled over from a peak, with adjusted EBITDA margin falling to 6.8% from 12% a year ago. The cheapness is the market pricing in the down leg of the cycle, which is the central tension.
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339 institutional managers reported holding PPC in 13F filings for the quarter ended 2026-03-31. Together they hold about 19% of the company; the top 10 hold 12%. 46 opened new positions that quarter. Held by Vanguard Group, BlackRock, Dimensional Fund Advisors, among others. On the short side, 6.1M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PPC has cut its share count 2.4% over the past five years, spending $199.55M on repurchases. It pays a dividend, and has for 1 year running. Cash returned over the past three years: $1.99B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at PPC over the trailing three years. Absence is a fact about the company, not a signal. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PPC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | +1.6% | -7.1% |
| 2023-10-27 | +4.4% | +12.7% |
| 2024-02-28 | +11.6% | +9.4% |
| 2024-05-03 | +2.5% | +4.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PPC's latest 8-K filings: 2026-08-28 (items 8.01, 9.01); 2026-08-20 (items 8.01, 9.01); 2026-08-17 (items 1.01, 7.01, 9.01); 2026-07-30 (items 7.01, 9.01); 2026-07-30 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.