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Yesterday, 5:40 PM
Dec. 3, 2015, 12:45 PM
- Sanderson Farms (NASDAQ:SAFM) is up 8% after catching a two-notch upgrade from CLSA to Outperform.
- Pilgrims Pride (NASDAQ:PPC) stays in an uptrend with a 4.8% swing higher, while global player JBS (OTCQX:JBSAY) is up 5.5%.
- Tyson Foods (NYSE:TSN) is 1.70% higher and reached an all-time best of $51.83 earlier.
- Hormel (NYSE:HRL) also set an all-time high by jumping to $77.00.
- Better-than-expected pricing in the wake of industry consolidation has helped the meat sector this year.
Nov. 23, 2015, 10:15 AM
- Pilgrim's Pride (PPC +4.2%), Sanderson Farms (SAFM +2.9%), and Hormel Foods (HRL +1.5%) rally after Tyson Foods' earnings report shows some bright spots.
- Pricing in Tyson's prepared foods segment was particularly strong with the consolidation of Hillshire Brands and Tyson appearing to be a significant factor in the meat sector.
- Previously: Tyson Foods misses by $0.05, beats on revenue (Nov. 23 2015)
- Previously: Beef brings down Tyson's bottom line in FQ4 (Nov. 23 2015)
Oct. 26, 2015, 2:39 PM
- Tyson Foods TSN is down 4.76% after JPMorgan takes off a bull call on the meat stock with shares at record levels.
- The slide could also be tied to an announcement from the World Health Organization on the cancer risk from processed meat.
- Hormel (HRL -1%), Sanderson Farms (SAFM -0.7%), Pilgrim's Pride (PPC -1.7%), and Seaboard (SEB -0.3%) are also lower on the day.
- Full report from the International Agency for Research on Cancer
- Previously: WHO to reveal red meat cancer risk (Oct. 26 2015)
Jul. 30, 2015, 9:55 AM
- Shares of Pilgrim's Pride (PPC +8.8%) are rallying after the company was able to expand Q2 profit off of concentrated cost-cutting measures.
- Total sales were lower due to the impact of the avian flu outbreak.
- Pilgrim's gross margin rate improved to 21% from 16% a year ago as costs of sales came in significantly lower.
- A $150M share buyback plan was also unveiled by the company today.
- PPC -33.3% YTD.
Apr. 21, 2015, 8:28 AM
- Poultry stocks are skittish in early trading after a large chicken flock in Iowa is reported to be infected with cases of the avian influenza.
- The virus is believed to be transmitted to farms in the Midwest by ducks and geese traveling along migratory routes.
- On watch: Tyson Foods (NYSE:TSN) -0.8%, Pilgrim's Pride (NASDAQ:PPC) -0.6%, Sanderson Farms (NASDAQ:SAFM) -0.4%, Hormel (NYSE:HRL) -0.9%.
Apr. 6, 2015, 12:05 PM| Apr. 6, 2015, 12:05 PM | 8 Comments
Mar. 25, 2015, 10:09 AM
- There's more food stocks getting a push from speculation stirred up by the Heinz-Kraft merger.
- Lifeway Foods (LWAY +1.3%), Sanderson Farms (SAFM +1.1%), Cal-Maine Foods (CALM +3.9%), Post Holdings (POST +2%), Pilgrim's Pride (PPC +0.7%), J&J Snack Foods (JJSF +0.9%), and Treehouse Foods (THS +1.1%) are all ahead of major indexes.
- The food stock buying spree has been enough to lift the S&P Consumer Staples ETF (NYSEARCA:XLP) +0.8% on a down market day.
- More action with food stocks: 1) Food sector on watch after mega-merger announced, 2) M&A food bets being laid out after Heinz-Kraft merger.
Mar. 11, 2015, 11:40 AM
- An unconfirmed case of avian bird flu in Arkansas is creating some anxiety in the poultry industry.
- USDA testing is underway on the case.
- Poultry exports to certain nations could be limited if the development worsens.
- The chicken sector has also been hit recently with concerns on the use of certain antibiotics.
- Decliners: Tyson Foods (TSN -5%), Hormel Foods (HRL -1%), Sanderson Farms (SAFM -5.4%), JBS (OTCQX:JBSAY -1.8%), BRF (BRFS -1.7%), and Pilgrim's Pride (PPC -7.2%)
- Previously: Chicken stocks hit by antibiotic concerns
Mar. 11, 2015, 10:00 AM
- Chicken stocks trade weaker on concerns the push to remove certain antibiotics from hatcheries could raise costs or that inaction could crimp demand.
- The issue has been teed up nationally after McDonald's made a strong statement last week with its new sourcing policy.
- Decliners: Tyson Foods (NYSE:TSN) -4.7%, Sanderson Farms (NASDAQ:SAFM) -4.1%, BRF (NYSE:BRFS) -2.4%, Hormel Foods (NYSE:HRL) -0.6%, Pilgrim's Pride (NASDAQ:PPC) -6.6%.
- Previously: McDonald's unveils menu sourcing initiatives (Mar. 04 2015)
Mar. 4, 2015, 10:11 AM
- McDonald's (MCD -0.5%) will stop buying chickens raised with human antibiotics in a gradual process, according to a report from Reuters.
- An announcement by the company is expected later today.
- The development could be a "tipping point" in the poultry industry, notes industry insider Jonathan Kaplan.
- Shares of chicken-focused Pilgrim's Pride (PPC -1.5%) are lower - while Tyson Foods (TSN -1%), Sanderson Farms (SAFM -0.6%), and Hormel (HRL -0.6%) could all be impacted by a heightened focus on the use of antibiotics with livestock.
- Buffalo Wild Wings (BWLD -1.7%) is also on watch as a company that buys a fair amount of chicken from suppliers.
Jan. 15, 2015, 12:45 PM
Jan. 15, 2015, 10:02 AM
- Food stocks are trading higher after a read on producer prices comes in below expectations.
- A dive into the report shows the foods/feeds category experienced a 0.8% decline in December.
- Pilgrim's Pride (PPC +4.4%)is leading the sector, boosted by the announcement of a special dividend.
- Gainers: Kraft Foods Group (NASDAQ:KRFT) +2.5%, Sanderson Farms (NASDAQ:SAFM) +2.3%, Amira Nature Foods (NYSE:ANFI) +2.0%, Pinnacle Foods (NYSE:PF) +1.0%, Cal-Maine Foods (NASDAQ:CALM) +1.0%.
Jan. 15, 2015, 9:16 AM
Dec. 4, 2014, 10:46 AM
- Pilgrim's Pride (PPC +2.7%) continue to track higher as the outlook for chicken demand brightens.
- Shares of the meat producer are now up 19% over the last 5 trading sessions.
- Some traders say a short squeeze is behind some of the action.
Oct. 31, 2014, 8:50 AM
Pilgrims Pride Corp is engaged in processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and food service operators. It offers whole chickens, whole cut-up chickens and selected chicken parts.
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