|Bid||17.49 x 800|
|Ask||0.00 x 800|
|Day's Range||22.46 - 22.85|
|52 Week Range||14.06 - 23.29|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||58.44|
|Earnings Date||Apr 27, 2021 - May 03, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 06, 2016|
|1y Target Est||23.17|
(Bloomberg) -- Pilgrim’s Pride Corp., one of the top U.S. chicken producers, has become the first company sentenced to pay a criminal fine as part of an ongoing antitrust investigation into the industry by the Justice Department.The JBS SA-owned firm pleaded guilty to conspiring with rivals to illegally prop up prices between 2012 and 2017, and will pay $108 million, the Justice Department said Tuesday. That adds to hundreds of millions of dollars in civil settlements that the chicken industry has already made.The fines and payments are likely not over, a sign that the extreme consolidation that’s occurred in the chicken industry over past decades is starting to exact a cost. The investigation into chicken antitrust is ongoing, the Justice Department said, and 10 individuals at major chicken producers have previously been charged.The “guilty plea demonstrates our unwavering commitment to prosecuting companies that violate the nation’s antitrust laws, especially when it involves something as central to everyday life as the food we eat,” said Richard Powers, acting assistant attorney general of the DOJ’s antitrust division.The chicken industry has also been embroiled in a class action lawsuit for years. Major buyers including Chick-Fil-A and Target Corp. have accused poultry companies of fixing prices. Pilgrim’s earlier this year said it would pay $75 million to settle with plaintiffs, while Tyson Foods Inc., America’s biggest meatmaker, said it would pay $221.5 million.Pilgrim’s said the plea marks the end of the government’s investigation into the company. The government “will bring no further charges against Pilgrim’s in this matter, provided the company complies with the terms and provisions of the agreement,” said Cameron Bruett, a spokesman for Pilgrim’s.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
GREELEY, Colo., Feb. 22, 2021 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) is saddened to announce the passing of longtime board member Charles Macaluso this past weekend. “Charles was a tireless contributor to our company’s strategy, vision and success for more than a decade,” said Fabio Sandri, Pilgrim’s chief executive officer. “He was a colleague and friend who was critical to our company’s growth and transformation. His wise counsel, sense of humor and passion will be sorely missed.” Macaluso served as an independent board member at Pilgrim’s since 2009 and was a member of the Audit Committee. He was a principal of Dorchester Capital, LLC, a partner at Miller Associates, Inc., and served as a director of Williams Industrial Services Group Inc., Darling Ingredients Inc., and Landec Corporation. “On behalf of the Pilgrim’s Board of Directors, we extend our heartfelt sympathies to the Macaluso family, including his wife Lynn,” said Gilberto Tomazoni, Pilgrim’s chairman of the board. “He was a personal friend, respected member of the board and trusted advisor who was deeply committed to Pilgrim’s. It was a privilege and an honor to serve with Charles and we will miss him dearly.” About Pilgrim’sAs a global food company with more than 58,000 team members, Pilgrim’s processes, prepares, packages and delivers fresh, frozen and value-added food products for customers in more than 100 countries. For more information, visit www.pilgrims.com. Media Contact:Nikki Richardsonnikki.firstname.lastname@example.org
A significant portion of egg, chicken, and beef production is concentrated in the states affected by the storms, including Texas, Arkansas, Louisiana, Mississippi, and Alabama.