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$PPC

11 stories mentioning PPC

Every FINWIRES story that references PPC, newest first.

Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.1%.US consumer sentiment has rebounded in June as gasoline prices eased, while the inflation outlook dropped, the University of Michigan's preliminary survey showed Friday. The main sentiment index rose 9.2% sequentially to 48.9 this month, following three consecutive drops. The consensus was for a 46 print in a Bloomberg poll.In corporate news, Target (TGT) is showing early signs of a potential multiyear turnaround after a strong start to 2026, with UBS Securities saying the retailer's transformation has multiple stages beyond the initial comp recovery. UBS has a buy rating on the stock and a price target of $144. Target shares climbed 2.1%.Lennar (LEN) shares fell 4.3% after the homebuilder issued a fiscal Q3 delivery outlook below market estimates, while its revenue trailed expectations in the previous three-month period amid persistent housing market headwinds.Uber (UBER) is contacting parties interested in Delivery Hero's regional businesses as it seeks regulatory approval for its planned takeover of the German food delivery company, Bloomberg reported. Uber shares were down 1.5%.Pilgrim's Pride (PPC) shares added 1.5% after it said Friday it is investing $75 million to expand and overhaul its poultry facility in Ellijay, Georgia.

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Wire

Pilgrim's Pride Invests $75 Million to Overhaul Georgia Poultry Facility

Pilgrim's Pride (PPC) said Friday it is investing $75 million to expand and overhaul its poultry facility in Ellijay, Georgia.The investment will ramp harvesting and portioning capacity in Ellijay, as well as allow the facility to produce a broader mix of boneless chicken products, according to a statement.The company said it will shutter its aging harvesting portion of its Chattanooga, Tennessee, operations, but will continue utilizing its deboning infrastructure to support Ellijay's expanded operations.The 348 affected team members will be eligible for transfer to a different company location or to apply for open roles at facilities across the US, the company said.Price: $29.93, Change: $+0.27, Percent Change: +0.91%

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Research

UBS Initiates Pilgrim's Pride at Neutral With $30 Price Target

Pilgrim's Pride (PPC) has an average rating of overweight and mean price target of $39.22, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Wire

Update: Trump to Sign Executive Orders to Address Beef Supply Issues

(Updates with statement from the White House throughout.)President Donald Trump will sign two executive orders on Monday to boost beef imports, a White House official told.The move will "address short-term supply issues in the US beef market by expanding imports and supporting the renewal of America's domestic cattle herd, which is currently at a multi-decade low," the official said in the emailed response.The confirmation follows a report by The Wall Street Journal earlier Monday that the Trump administration is planning to temporarily cut tariffs on beef imports to help lower record-high beef prices in the US.Price: $20.12, Change: $-0.32, Percent Change: -1.57%

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Wire

Market Chatter: Trump Administration Planning to Ease Beef Import Tariffs to Tackle High Prices

The Trump administration plans to temporarily cut tariffs on beef imports as soon as Monday to help lower record-high beef prices in the US, The Wall Street Journal reported Monday, citing people familiar with the matter.The administration is considering suspending the annual tariff-rate system that raises import taxes after a quota is reached, making it easier for foreign beef to enter the US at lower rates, according to the report. The administration plans to take measures to support US ranchers, the report said.The move "aims to address short-term supply issues with beef in the US, while the deregulatory efforts will help lower ranchers' costs over time," a White House official was quoted as saying.The White House didn't immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $20.07, Change: $-0.38, Percent Change: -1.83%

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Wire

Trump Administration Planning to Ease Beef Import Tariffs to Tackle High Prices, Wall Street Journal Reports

Trump Administration Planning to Ease Beef Import Tariffs to Tackle High Prices, Wall Street Journal Reports

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Research

Barclays Upgrades Pilgrim's Pride to Overweight From Equal Weight, Adjusts PT to $42 From $45

Pilgrim's Pride (PPC) has an average rating of Hold and mean price target of $40.75, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Wire

Pilgrim's Pride Q1 Adjusted Earnings Fall, Sales Rise

Pilgrim's Pride (PPC) reported Q1 adjusted earnings late Wednesday of $0.51 per diluted share, down from $1.31 a year earlier.Analysts polled by FactSet expected $0.65.Net sales for the quarter ended March 29 rose to $4.53 billion from $4.46 billion a year earlier.Analysts surveyed by FactSet expected $4.43 billion.

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Wire

Market Chatter: DOJ Antitrust Division Criminally Probing Beef Companies

The US Department of Justice's Antitrust Division is criminally investigating large meatpacking companies after President Donald Trump in November accused the firms of manipulating prices, The Wall Street Journal reported Monday, citing people familiar with the matter.The DOJ didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $64.71, Change: $-0.11, Percent Change: -0.17%

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Wire

DOJ Antitrust Division Probing Beef Companies Over Alleged Price Manipulation, The WSJ Reports

DOJ Antitrust Division Probing Beef Companies Over Alleged Price Manipulation, The WSJ Reports

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Treasury

Pilgrim's Pride Prices Tender Offer for 6.250% Senior Notes

Pilgrim's Pride (PPC) said Monday it will pay $1,056.90 per $1,000 principal amount of notes accepted in its tender offer for up to $250 million of its 6.250% senior notes due 2033.The company said it does not expect to accept all notes that have been tendered at the early tender date of April 10 because they exceeded the maximum tender amount.Pilgrim's Pride said it will accept the notes on a prorated basis using a proration factor of about 53%, with April 14 as the early settlement date.Price: $35.04, Change: $-0.40, Percent Change: -1.13%

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