Mary Allen
Who Owns Pilgrim’s Pride?
Pilgrim’s Pride is a leading poultry producer that operates across the United States, Europe, and Mexico. It specializes in the production and distribution of chicken products, including fresh and frozen chicken, and value-added convenience products. The company’s ownership and control have changed hands over the years, and its current status is a publicly-traded company. This article provides an overview of Pilgrim’s Pride’s ownership structure, history, current status, major shareholders, institutional ownership, insider ownership, ownership changes, board of directors, and ownership and control.
Overview of Pilgrim’s Pride
Pilgrim’s Pride is a global food company that produces and distributes chicken products to customers in more than 100 countries. The company operates through three business segments: US, Mexico, and Europe. Its US segment includes operations in the United States, Puerto Rico, and the export of chicken products to other countries. The Mexico segment includes the company’s operations in Mexico, while the Europe segment includes the company’s operations in the United Kingdom and continental Europe. Pilgrim’s Pride is headquartered in Greeley, Colorado, and has more than 50,000 employees worldwide.
The Company’s History
Pilgrim’s Pride was founded in 1946 in Pittsburg, Texas, by Lonnie “Bo” Pilgrim and his brother, Aubrey Pilgrim. The company started as a small feed store and grew into a leading poultry producer through acquisitions and expansion. In 1986, Pilgrim’s Pride became a publicly-traded company and continued to grow through acquisitions and mergers. In 2007, the company was acquired by JBS SA, a Brazilian meatpacking company, for $2.8 billion. Since then, Pilgrim’s Pride has continued to operate as a subsidiary of JBS SA.
The Company’s Current Status
Pilgrim’s Pride is currently a publicly-traded company listed on the NASDAQ stock exchange under the ticker symbol “PPC.” The company’s market capitalization is approximately $6 billion as of August 2021. Pilgrim’s Pride’s current CEO is Fabio Sandri, who has been with the company since 2011. The company’s revenue in 2020 was $12.8 billion, with a net income of $491 million.
Pilgrim’s Pride Stock Information
Pilgrim’s Pride’s stock has been publicly traded since 1986. As of August 2021, the company’s stock price is approximately $28 per share. The company has approximately 214 million outstanding shares, with a float of approximately 212 million shares. The company’s stock has traded at a range of $17.71 to $32.49 over the past year.
The major shareholders of Pilgrim’s Pride are institutional investors and mutual funds. As of June 30, 2021, the top five institutional shareholders of the company are Wellington Management Company LLP, BlackRock Inc., The Vanguard Group Inc., State Street Corporation, and Dimensional Fund Advisors LP. Collectively, these five institutional shareholders own approximately 38% of the company’s outstanding shares.
Institutional Ownership of Pilgrim’s Pride
Institutional ownership of Pilgrim’s Pride is high, with approximately 86% of the company’s outstanding shares held by institutional investors. This high level of institutional ownership indicates that large investors have confidence in the company’s future prospects and management.
Insider Ownership of Pilgrim’s Pride
Insider ownership of Pilgrim’s Pride is relatively low, with insiders owning approximately 0.4% of the company’s outstanding shares. This low level of insider ownership suggests that insiders do not have a significant influence on the company’s decision-making processes.
Ownership Changes in Pilgrim’s Pride
Pilgrim’s Pride has undergone several ownership changes over the years. In 2007, the company was acquired by JBS SA for $2.8 billion. Since then, the company has continued to operate as a subsidiary of JBS SA. In 2019, the company paid $110 million to settle a class-action lawsuit related to price-fixing allegations. The settlement resulted in a decline in the company’s stock price.
Pilgrim’s Pride’s Board of Directors
Pilgrim’s Pride’s board of directors consists of 10 members, including the CEO, Fabio Sandri. The board also includes two independent directors, Gilberto Tomazoni and Ruy Sampaio. The board oversees the company’s strategic direction and decision-making processes.
Ownership and Control of Pilgrim’s Pride
Pilgrim’s Pride is a subsidiary of JBS SA, a Brazilian meatpacking company. As a result, JBS SA has significant ownership and control over Pilgrim’s Pride. However, Pilgrim’s Pride operates as a separate legal entity with its own board of directors and management team.
Conclusion: Pilgrim’s Pride Ownership and Future Prospects
Pilgrim’s Pride is a leading poultry producer with a long history of acquisitions and expansion. The company’s ownership and control have changed hands over the years, and it is currently a publicly-traded company listed on the NASDAQ stock exchange. Institutional ownership of the company is high, indicating that large investors have confidence in the company’s future prospects. However, the company’s insider ownership is relatively low, suggesting that insiders do not have a significant influence on the company’s decision-making processes. Overall, Pilgrim’s Pride’s future prospects look positive, given its leading market position, global reach, and strong financial performance.