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Pilgrims Pride Corporation (PPC) engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products in the United States, Mexico, and Puerto Rico.
It offers fresh chicken products consisting of refrigerated (nonfrozen) whole or cut-up chicken; and pre-marinated or non-marinated, and prepackaged chicken in various combinations of freshly refrigerated, whole chickens and chicken parts.
It 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, the company exports whole chickens and chicken parts to approximately 100 countries.
Pilgrims Pride Corporation offers its products to foodservice market, including chain restaurants, food processors, broad-line distributors, and other institutions; and retail market consisting primarily of grocery store chains, wholesale clubs, and other retail distributors.
Shares have formed a bullish "flag" after its competitor, Smithfield (SFD), agreed to be acquired by a Chinese company. Higher share prices are expected for Pilgrims Pride.
52-Week Trading Range: $4.20 - $16.20
Entry Point: $16.15
Stop Loss: $15.32
Target Price: $17.75
PPC reached our target. The position was closed at $17.83. If you would like to stay in PPC, raise yor stop loss to $17.25 to protect your gains.
