Pilgrim's Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken, and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, the Middle East, Asia, Continental Europe, and internationally. The company offers fresh products, including pre-marinated or non-marinated chicken, frozen whole chickens, breast fillets, mini breast fillets and prepackaged case-ready chicken, primary pork cuts, and pork and pork ribs; and prepared products, which include portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, bone-in chicken parts, processed sausages, bacon, slow cooked, smoked meat, and gammon joints, as well as variety of meat products, pre-packed meats, sandwich and deli counter meats, pulled pork balls, meatballs, and coated foods. In addition, its exported products include whole chickens and chicken parts sold either refrigerated for distributors in the U.S. or frozen for distribution to export markets and primary pork cuts, hog heads, and trotters frozen for distribution to export markets. The company offers its products under the Pilgrim's, Just BARE, Gold'n Pump, Gold Kist, County Pride, Pierce Chicken, Pilgrim's Mexico, County Post, Savoro, To-Ricos, Del Dia, Moy Park, O'Kane, Richmond, Fridge Raiders, and Denny brands. Pilgrim's Pride Corporation sells its products to the foodservice market principally consists of chain restaurants, food processors, broad-line distributors, and other institutions; and retail market, which comprise primarily grocery store chains, wholesale clubs, and other retail distributors. The company was founded in 1946 and is headquartered in Greeley, Colorado. Pilgrim's Pride Corporation is a subsidiary of JBS S.A.

Pilgrim's Pride Corporation

Key Points
Pilgrim's Pride (NASDAQ:PPC) beat both non-GAAP earnings and GAAP revenue expectations.
Strong demand in prepared foods and branded chicken drove U.S. segment growth; European margins expanded, while Mexico saw softer results due to FX and tough comparables.
A special dividend of approximately $500 million was approved, highlighting robust liquidity and balance sheet strength.
Pilgrim's Pride (NASDAQ:PPC) reported its financial results for the second quarter of fiscal 2025 on July 30, 2025. The company exceeded analyst forecasts for both GAAP revenue and non-GAAP EPS, posting non-GAAP earnings per share (EPS) of $1.70, which surpassed the non-GAAP consensus estimate of $1.57. Revenue (GAAP) reached $4.76 billion, topping GAAP estimates of $4.62 billion, and increasing from $4.56 billion in the prior-year quarter (GAAP, Q2 FY2024). Management approved a special $500 million dividend, reflecting strong balance sheet health. Overall, the quarter was highlighted by strength in U.S. prepared and branded poultry, margin expansion in Europe, and a Steady—but more volatile—performance in Mexico, where foreign exchange and year-ago comparables pressured margins.
Metric
Q2 2025
Q2 2025 Estimate
Q2 2024
Y/Y Change
EPS (Non-GAAP)
$1.70
$1.57
$1.67
1.8 %
EPS (GAAP)
$1.49
$1.37
8.8 %
Revenue (GAAP)
$4.76 billion
$4.62 billion
$4.56 billion
4.3 %
Adjusted EBITDA
$687 million
$656 million
4.7 %
Adjusted EBITDA Margin
14.4 %
14.4 %
0.0 pp
Business Overview and Focus Areas
Pilgrim's Pride is a leading global poultry company, supplying fresh, value-added, and prepared chicken products in the U.S. Europe, Mexico, and more than 120 export markets. Its business model hinges on vertical integration, spanning everything from feed production to distribution, to control cost and product quality tightly. The company employs around 62,200 people across 49 hatcheries, 35 feed mills, 39 processing plants, and 29 distribution centers.
Recent strategies focus on product and geographic diversification, margin improvement, and operational efficiency. Key success factors include maintaining control over costs (notably feed), expanding sales of higher-margin prepared foods, investing in facilities, and keeping careful compliance with health and environmental regulations. Pilgrim’s Pride manages volatility by balancing exposure between commodity chicken, value-added (prepared) products, and retail- or contract-oriented sales.
Quarter Highlights: Financial and Operational Performance
Pilgrim’s Pride’s non-GAAP earnings and GAAP revenue exceeded analyst expectations. The significant revenue increase was supported by robust performance in the U.S. business, where GAAP net sales and GAAP operating income both increased. GAAP net sales rose 5.9% to $2.82 billion compared to Q2 FY2024, and GAAP operating income for U.S. operations increased 15.3% to $354.99 million compared to Q2 FY2024. Prepared Foods—a category of fully cooked and value-added chicken products—saw over 20% sales growth as the company ramped up production to meet demand from both retail and foodservice. The Just Bare brand surpassed a 10% market share in fully cooked chicken, showing Pilgrim’s increasing reach with branded offerings.
In Europe, GAAP revenue improved by 5.4% to $1.37 billion compared to Q2 FY2024, with adjusted operating income margin in Europe expanding from 4.7% in Q2 FY2024 to 5.4%. The company credited this to sales growth with key retail customers, new product launches like the Rollover cooked chicken lineup, and efficiency gains. GAAP operating income in Europe increased to $70.4 million from $24.0 million in Q2 FY2024, rising to $70.4 million (GAAP operating income for Europe segment). The business benefited from innovation, and portfolio diversification, especially through brands like Fridge Raiders and Richmond.
Mexico faced a more challenging period. Revenue in Mexico declined 4.7% to $565.7 million compared to Q2 FY2024. GAAP operating income for Mexico fell to $86.9 million compared to $108.8 million in Q2 FY2024. Currency headwinds (Mexican peso depreciation against the U.S. dollar) and a tough comparison to an unusually strong year-ago quarter (Q1 FY2024) played a significant role. Despite this, chicken volumes shipped in Mexico climbed by over 5%. Management highlighted ongoing investment in capacity expansion and further diversification of offerings as ways to support long-term growth, even as short-term results can swing due to live bird market volatility.
Pilgrim’s Pride saw steady Adjusted EBITDA growth, increasing to $687 million, with Adjusted EBITDA margin stable at 14.4%. GAAP operating income was $512.3 million, 16.2% higher than a year ago. The company’s margin expansion in several segments was strongest in the U.S. commodity “Big Bird” business, where higher market prices and improved operations drove profitability. At the same time, more stable contracted and retail businesses saw profitability lag commodity segments, reflecting current market dynamics as management returned some cost savings to large retail partners.
Several one-time items impacted results. Litigation settlement expenses reached $58.5 million, which affected GAAP income but were excluded from adjusted metrics. Capital expenditures for the first half of FY2025 were $259.3 million. Once fully operational, this plant is expected to boost U.S. prepared foods sales by over 40% from current levels and create over 630 jobs.
The board approved a $500 million special dividend ($2.10 per share), underscoring Pilgrim’s Pride’s strong liquidity and financial flexibility. This is a one-off distribution, above and beyond ordinary regular dividends. Net leverage remained under one times adjusted EBITDA.
Business Context and Product Developments
Pilgrim’s Pride’s primary product categories are fresh chicken, value-added prepared foods (such as marinated fillets and pre-cooked, branded meals), and fully cooked chicken products. The U.S. segment remains the company’s largest revenue and profit source. This quarter, fresh chicken sales experienced continued “strong demand, focus on quality and service, and improved operational efficiencies.”
The prepared foods segment recorded record output, supporting both growing retail and foodservice demand. Just Bare, a branded product family, increased share in the fully cooked chicken subcategory to more than 10%, supported by national retail and foodservice expansion. The brand also achieved industry recognition for innovation and consumer appeal.
In Europe, growth initiatives centered on innovating the prepared foods lineup and expanding distribution of key brands. Rollover—a product line offering ready-to-eat chicken—is an area of focus. Fridge Raiders, a brand of protein snacks, also gained distribution and market prominence. Segment operating income improved sharply as efforts to streamline operations and optimize product mix generated higher returns.
For Mexico, both fresh and prepared foods remain core categories. In Mexico, volumes increased over 5% compared to the prior year, and new capacity additions remain on track to support future growth. Management cited steady demand, ongoing brand and product innovation, and capacity expansion as central strategies for this market.
Vertical integration—control of feed mills, hatcheries, processing plants, and distribution—remains a defining feature for Pilgrim’s Pride. This approach allows it to manage costs, maintain food safety standards, and respond quickly to shifting consumer and regulatory requirements. Approximately 85% of the company’s feed mix comes from corn and soybean meal, with wheat comprising a smaller portion, based on FY2024 feed cost composition. Pilgrim’s regularly uses derivatives and contracts to help manage raw material cost swings.
Outlook and Forward-Looking Information
Management did not issue formal new financial guidance with this quarter’s earnings release. However, it reiterated its focus on capital discipline, long-term investment in high-growth prepared foods and international markets, and restraint in passing cost savings directly back to key retailers where contracted pricing dampens profit upside. Capital spending for FY2025 remains targeted at $750 million, with major supply and capacity expansions beginning to come online in 2026 and 2027.
For the upcoming quarters, investors should monitor the trend in commodity (feed) costs, as future volatility could pressure margins. Earnings in Mexico may remain uneven due to currency moves and market swings. Legal settlements and restructuring activity, especially in Europe, should be watched for their impact on reported profits. The one-time special dividend of approximately $500 million was announced. PPC does not currently pay a regular dividend.
Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted.
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Pilgrim's Pride (PPC) Q2 Revenue Up 4%

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares U.S. Consumer Staples ETF (Symbol: IYK), we found that the implied analyst target price for the ETF based upon its underlying holdings is $77.09 per unit.
With IYK trading at a recent price near $70.05 per unit, that means that analysts see 10.04% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IYK's underlying holdings with notable upside to their analyst target prices are Cencora Inc (Symbol: COR), Pilgrims Pride Corp. (Symbol: PPC), and McKesson Corp (Symbol: MCK). Although COR has traded at a recent price of $295.21/share, the average analyst target is 12.39% higher at $331.79/share. Similarly, PPC has 11.33% upside from the recent share price of $45.06 if the average analyst target price of $50.17/share is reached, and analysts on average are expecting MCK to reach a target price of $785.20/share, which is 10.66% above the recent price of $709.59. Below is a twelve month price history chart comparing the stock performance of COR, PPC, and MCK:
Combined, COR, PPC, and MCK represent 6.47% of the iShares U.S. Consumer Staples ETF. Below is a summary table of the current analyst target prices discussed above:
Name
Symbol
Recent Price
Avg. Analyst 12-Mo. Target
% Upside to Target
iShares U.S. Consumer Staples ETF
IYK
$70.05
$77.09
10.04%
Cencora Inc
COR
$295.21
$331.79
12.39%
Pilgrims Pride Corp.
PPC
$45.06
$50.17
11.33%
McKesson Corp
MCK
$709.59
$785.20
10.66%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Implied IYK Analyst Target Price: $77

Pilgrim's Pride Corporation PPC delivered a strong first-quarter 2025 performance with an adjusted EBITDA margin of 12%, up 350 basis points from the prior year. This marks a substantial improvement, driven primarily by strength in the U.S. business, where adjusted EBITDA margin surged to 14.3% compared with 9.4% a year ago. Prepared Foods and Case Ready led the way, while Big Bird benefited from elevated market pricing and optimized throughput.
But is this margin surge sustainable? The company faced only moderate grain input costs and gained from seasonal pricing strength. Additionally, distribution gains in value-added and branded products supported the mix. However, challenges such as live production volatility, hatchability concerns and foodservice softness still linger. Quick service restaurant volumes were strong, but foodservice traffic is under pressure industrywide.
Margin contributions from Europe and Mexico further complicate the picture. Mexico's business faced $8.5 million in foreign exchange headwinds and continues to see quarterly volatility tied to the live market. Meanwhile, Europe achieved a milestone with an 8.1% margin, implying progress from its ongoing structural reorganization. Key initiatives, such as the integration of support functions, manufacturing optimization and a sharpened focus on strategic customer partnerships, have helped enhance performance, supported by continued innovation in product offerings.
The increased adjusted EBITDA margin highlights what Pilgrim’s Pride can achieve when disciplined execution aligns with favorable market conditions. Sustaining this level, however, will depend on consistent demand across retail and foodservice, stable commodity costs and tight control over operational variables. While the result is a significant achievement, maintaining it will require continued focus on execution and a supportive macroeconomic environment.
Pilgrim's Pride’s Zacks Rank & Share Price Performance
Shares of this Zacks Rank #3 (Hold) company have lost 6.3% in the past three months compared with the industry’s 4.7% decline. PPC underperformed the broader Consumer Staples sector’s decline of 0.4% and the S&P 500 index’s growth of 9.4%, during the same period.
PPC Stock's Past 3-Month Performance
Image Source: Zacks Investment Research
Is PPC a Value Play Stock?
Pilgrim’s Pride currently trades at a forward 12-month P/E ratio of 8.78, which is slightly down from the industry average of 12.11 and notably below the sector average of 17.31. This valuation positions the stock at a modest discount relative to both its direct peers and the broader consumer staples sector.
PPC P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research
Some Solid Bets
BRF S.A. BRFS raises, produces and slaughters poultry and pork for the processing, production and sale of fresh meat, processed products, pasta, margarine, pet food and other products. It currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for BRF S.A.'s current fiscal-year sales and earnings implies growth of 11.1% and 8.3%, respectively, from the prior-year levels. BRFS delivered a trailing four-quarter earnings surprise of 5.4%, on average.
Mondelez International MDLZ manufactures, markets and sells snack food and beverage products. It presently has a Zacks Rank of 2. MDLZ delivered a trailing four-quarter earnings surprise of 9.8%, on average.
The consensus estimate for Mondelez’s current fiscal-year sales implies growth of 5.3% from the year-ago figures.
Oatly Group AB OTLY, an oatmilk company, provides a range of plant-based dairy products made from oats. It presently has a Zacks Rank of 2. OTLY delivered a trailing four-quarter earnings surprise of 25.1%, on average.
The consensus estimate for Oatly Group’s current fiscal-year sales and earnings implies growth of 2.3% and 63.8%, respectively, from the year-ago figures.
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Pilgrim's Pride Delivers 12% EBITDA Margin in Q1: Can it Last?

Cal-Maine Foods, Inc. CALM delivered a standout performance in the third quarter of fiscal 2025, with gross profit surging more than threefold year over year to $716 million. This translated to a gross margin of 50.5%, representing a 1,940-basis point expansion driven by higher egg prices and volumes, alongside notably lower feed ingredient costs—primarily corn and soybean meal.
Farm production costs per dozen were 5.7% lower year over year, due to more favorable commodity pricing for key feed ingredients. Feed costs per dozen were down 9.6% year over year, mainly owing to lower prices for soybean meal.
Cal-Maine Foods has been rising sequentially in all three quarters of fiscal 2025, ranging from 31% in the first quarter to the latest 50.5% in the third quarter of fiscal 2025. In addition to higher egg prices due to the impact of avian flu, the upside is also being driven by lower feed costs. Notably, feed costs, which had peaked in the second quarter of fiscal 2023, have shown signs of easing since supporting margin expansion.
Recently, soybean futures climbed above $10.65 per bushel, hitting a three-week high after the Trump administration proposed biofuel blending requirements. Despite the rise, soybean prices are still 8.3% lower than the year-ago level. Meanwhile, corn futures have slipped toward $4.30 per bushel, nearing a six-month low amid oversupply and subdued seasonal demand. Corn prices are down 3.55% year over year. This trend is expected to favor Cal-Maine Foods’ gross margin performance even if egg prices subside from recent highs as avian risks diminish.
Additionally, Cal-Maine Foods has taken strategic steps to further reduce production costs. The company acquired the feed mills (among other assets) of ISE America last year. In February 2025, it acquired storage facilities, usable grain, vehicles, related equipment and the retail feed sales business of Deal-Rite Feeds, Inc. With this move, the company can internally produce and transport feed more efficiently, reducing both costs and logistical complexity.
Impact of Feed Costs on Other Players
Corn and soybean meal are also used as feed in Tyson Foods’ TSN chicken operations. In fiscal 2024, corn, soybean meal and other feed ingredients were Tyson Foods’ major production costs, representing roughly 56% of its cost of growing a live chicken domestically.
After elevated feed prices in 2023, Tyson Foods saw a notable benefit in fiscal 2024, with feed cost reductions leading to savings of approximately $895 million in the cost of sales of its Chicken segment. So far in fiscal 2025, feed costs lowered the cost of sales by $265 million in the first quarter and $110 million in the second quarter, though these were partially offset by other cost pressures.
Pilgrim's Pride PPC relies on corn and soybean meal as main ingredients for feed in its U.S. and Mexico operations, while the Europe segment uses wheat, soybean meal and barley as the main ingredients. In 2024, corn, soybean meal and wheat accounted for approximately 42.2%, 38.0% and 5.0% of Pilgrim's Pride’s feed costs, respectively.
Like Tyson, Pilgrim’s Pride has also benefited from lower feed costs across its U.S. and European segments, both in fiscal 2024 and the first quarter of 2025.
CALM’s Price Performance, Valuation & Estimates
Cal-Maine Foods has lost 2.2% so far this year against the industry's 4.4% growth.
Image Source: Zacks Investment Research
CALM is currently trading at a forward 12-month price/earnings (P/E) ratio of 17.62X compared with the industry’s 11.45X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Cal-Maine Foods’ fiscal 2025 earnings is $22.73 per share, indicating a year-over-year increase of 299.5%. The estimate for fiscal 2026 of $5.71 indicates a 74.9% decline. The chart below depicts the revision activity for CALM’s earnings estimates for 2025 and 2026.
Image Source: Zacks Investment Research
CALM currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report
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CALM's Gross Margin Surges on Favorable Feed Costs: Is It Sustainable?

Pilgrim's Pride Corporation PPC, one of the world's leading food companies, currently trades at a forward 12-month price-to-earnings ratio of 9.84X. The figure is below the industry and the S&P 500’s average of 12.55X and 21.49X, respectively, highlighting PPC as a potentially undervalued stock. For investors, this presents an attractive opportunity, which is further underscored by PPC’s current Value Score of A.
PPC Stock P/E Performance
Image Source: Zacks Investment Research
PPC’s shares have gained 2.3% in the past three months against the industry and the S&P 500 index’s decline of 0.9% and 2.3%, respectively.
Let us delve into the financial and strategic fundamentals that underpin Pilgrim’s Pride’s current position in the market.
Decoding PPC’s Growth Strategy
Pilgrim’s Pride is well-positioned for continued growth, supported by strong consumer demand for chicken, strategic market positioning and enhanced operational efficiencies. The company’s focus on key customers is helping refine its portfolio and build competitive advantages over peers. As a result, Pilgrim’s Pride reported first-quarter 2025 adjusted earnings of $1.31 per share, up from 77 cents in the prior-year quarter.
Pilgrim’s Pride is set to benefit from a favorable supply-demand environment in 2025, supported by steady consumer demand and rising protein production. The USDA anticipates a 1.7% year-over-year increase in U.S. chicken production for 2025, along with a 1.6% rise in overall protein availability, driven by gains in both chicken and pork. This backdrop supports strong pricing for Pilgrim’s Pride’s products. Additionally, the company’s efforts to expand its branded product portfolio and strengthen distribution with key customers provide a solid foundation for continued growth.
Pilgrim’s Pride benefited from a reduction in the cost of sales in the first quarter of 2025. The company’s cost of sales decreased to $3,908.1 million from $3,978 million in the prior-year quarter, contributing to a significant increase in gross profit, which rose to $554.9 million from $383.9 million. These improvements underscore Pilgrim’s Pride’s operational efficiency and effective cost management, positioning it favorably in a competitive market.
Pilgrim’s Pride continues to build momentum through its strong focus on innovation and brand diversification. In the first quarter of 2025, the company introduced more than 80 new products by March, highlighting its commitment to expanding and refreshing portfolio. This strategy is yielding results, with combined sales of the Just BARE and Pilgrim's brands surging more than 50%. Overall, key brands are gaining traction, supported by year-over-year increases in both sales and volume.
PPC Three Months Performance Chart
Image Source: Zacks Investment Research
Estimate Revisions Favoring PPC Stock
Reflecting positive sentiment around Pilgrim’s Pride, the Zacks Consensus Estimate for earnings per share has seen upward revisions. Over the past 30 days, the consensus estimate has risen 13 cents to $5.41 for the current fiscal and 25 cents to $4.82 per share for the next fiscal. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Image Source: Zacks Investment Research
Are Headwinds Enough to Derail PPC’s Momentum?
Pilgrim’s Pride faces challenges in its export business, particularly due to trade uncertainties and biosecurity concerns. The company experienced a decline in export volumes in the first quarter of 2025 compared with the first quarter of 2024, due to several factors, including winter weather-related port disruptions in January, concerns over a potential port strike and strong domestic demand for dark meat, which constrained the supply available for international markets.
Pilgrim’s Pride also has been experiencing higher selling, general and administrative expenses (SG&A) for a while now. In the first quarter of 2025, the SG&A expenses were $133.8 million, up from $119.1 million reported in the prior year quarter. The increase was primarily due to higher legal settlement and defense costs, as well as elevated incentive compensation. If not effectively managed, the continued increase in such expenses could further impact the company’s profitability in the coming quarters.
PPC Stock Analysis
Pilgrim’s Pride’s strong operational execution, robust consumer demand and focus on branded product innovation position it well for continued growth. The company’s attractive valuation and rising earnings estimates further support its long-term potential. However, near-term headwinds, including export volume pressures, higher SG&A expenses and external trade uncertainties, could weigh on its performance. Given these mixed factors, investors may consider holding onto PPC stock while monitoring cost trends and international market recovery. At present, PPC carries a Zacks Rank #3 (Hold).
Top-Ranked Stocks
Nomad Foods Limited NOMD manufactures, markets and distributes a range of frozen food products in the United Kingdom and internationally. It currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Nomad Foods' current fiscal-year sales and earnings implies growth of 4.6% and 7.3%, respectively, from the prior-year levels. NOMD delivered a trailing four-quarter earnings surprise of 3.2%, on average.
Mondelez International, Inc. MDLZ manufactures, markets and sells snack food and beverage products in Latin America, North America, Asia, the Middle East, Africa and Europe. It presently carries a Zacks Rank of 1. MDLZ delivered a trailing four-quarter earnings surprise of 9.8%, on average.
The Zacks Consensus Estimate for Mondelez International’s current financial-year sales indicates growth of 4.9% from the year-ago numbers.
Oatly Group AB OTLY, an oatmilk company, provides a range of plant-based dairy products made from oats. It presently carries a Zacks Rank of 2 (Buy). OTLY delivered a trailing four-quarter earnings surprise of 25.1%, on average.
The consensus estimate for Oatly Group’s current fiscal-year sales and earnings implies growth of 2.7% and 65.8%, respectively, from the year-ago figures.
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PPC Trading Cheaper Than Industry: What's Next for Investors?

Wednesday, May 21, 2025
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(You can read the full research report on Honeywell here >>>)
Automatic Data Processing’s shares have outperformed the Zacks Internet - Software industry over the year-to-date period (+10.9% vs. +6.7%). The company aspires to grow on the back of its three-tier business strategy and use its transformation initiatives to innovate and expand margins. Acquisitions have been pivotal in ADP’s ability to operate across borders.
Automatic Data Processing pursues buyouts that complement the overall business mix. This stock is an eye candy for dividend-seeking investors. The recent rise in the current ratio suggests a robust liquidity position for the company. Meanwhile, rising expenses due to acquisitions and investments are worrisome and can affect profitability.
Automatic Data Processing faces high competition, which shoots talent costs sky-high and can affect the company’s growth. The stock increased 29.8% in a year and we have a Neutral recommendation on it in anticipation of a correction.
(You can read the full research report on Automatic Data Processing here >>>)
Other noteworthy reports we are featuring today include Quanta Services, Inc. (PWR), Tractor Supply Co. (TSCO) and Pilgrim's Pride Corp. (PPC).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Expanding AI Usage Drives Meta Platforms' (META) Prospects
Aerospace Technologies Unit Aids Honeywell (HON), Costs Hurt
Transformation Initiatives Aid ADP, Escalating Expenses Hurt
Featured Reports
Robust Public Spending Aids Quanta (PWR), Macro Risks Hurt
Per the Zacks analyst, Quanta's prospects are driven by strong infrastructural demand, resulting in a growing backlog and balanced capital approach. However, macro risks and inflation hurt trends.
Investments to Boost Tractor Supply's (TSCO) Market Share
Per the Zacks analyst, Tractor Supply's focus on needs-based product categories and a U.S.-sourced assortment has resonated with customers, contributing to its market share expansion.
Pilgrim's Pride (PPC) Progresses With Strategic Growth Plans
Per the Zacks analyst, Pilgrim's Pride is making strong progress in operational efficiency, Prepared Foods expansion, and cost management, driving higher margins and improved profitability.
Cologuard Growth Aids Exact Sciences (EXAS), Cost Woes Stay
The Zacks analyst is impressed with Exact Sciences' Cologuard test momentum, led by rescreens, care gap programs and growth in new ordering providers. Yet, mounting costs bring profitability risks.
Ayvakit Sales Boosts Blueprint (BPMC), Overdependence a Woe
Per the Zacks analyst, increased demand for Ayvakit should fuel BPMC's growth in the quarters ahead. However, overdependence of the topline on the drug's sales is concerning.
Axsome's (AXSM) Marketed Drugs Drive Growth Amid Competition
Per the Zacks analyst, Axsome's lead drug, Auvelity, approved for treating major depressive disorder is driving sales. The addition of Sunosi bodes well too. However, stiff competition remains a woe
Buyouts, Loans Aid F.N.B. Corp (FNB), Asset Quality a Woe
Per the Zacks analyst, relatively high rates, decent loan demand and strategic buyouts are likely to support F.N.B. Corp's financials, while deteriorating asset quality and rising costs are concerns.
New Upgrades
Solid Demand, Pricing Actions Aid Carpenter Technology (CRS)
Per the Zacks analyst, Carpenter Technology is gaining from strong demand across its end-use markets. Cost-reduction initiatives and efforts to preserve liquidity are also driving growth.
Blackbaud (BLKB) Gains on Robust Portfolio & Buyback Plan
Per the Zacks analyst, Blackbaud is gaining from a robust product portfolio, a steady share repurchases strategy, and margin expansion, which is boosting profitability.
Pediatrix Medical (MD) Aided by Portfolio Rejig & Telehealth
Per the Zacks analyst, Pediatrix Medical's portfolio restructuring efforts will continue to improve its business mix and cash level. Its expanding telehealth services will further drive profits.
New Downgrades
Flucuating Commodity Price, Competition Ail Murphy (MUR)
Per the Zacks analyst Murphy Oil future prospects can be adversely impacted by the fluctuating commodity prices, while competitive industry can affect its profitability.
Permian Resources (PR) Hurt by High Capital Intensity
The Zacks analyst notes that while Permian Resources is improving efficiency, high capital intensity and integration costs from Earthstone acquisition may limit its near-term upside.
Weak Oil Market Threatens ConocoPhillips' (COP) Earnings
Per the Zacks analyst, COP faces pressure as falling oil demand and faster-than-expected OPEC+ cuts drag prices down, posing risks to cash flow, earnings growth, and overall stock performance.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report
Honeywell International Inc. (HON) : Free Stock Analysis Report
Quanta Services, Inc. (PWR) : Free Stock Analysis Report
Tractor Supply Company (TSCO) : Free Stock Analysis Report
Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Stock Reports for Meta Platforms, Honeywell & Automatic Data Processing

The First Trust Consumer Staples AlphaDEX ETF (FXG) was launched on 05/08/2007, and is a smart beta exchange traded fund designed to offer broad exposure to the Consumer Staples ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such.
The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns.
Fund Sponsor & Index
The fund is sponsored by First Trust Advisors. It has amassed assets over $284.06 million, making it one of the average sized ETFs in the Consumer Staples ETFs. This particular fund, before fees and expenses, seeks to match the performance of the StrataQuant Consumer Staples Index.
The StrataQuant Consumer Staples Index is a modified equal-dollar weighted index designed by the AMEX to objectively identify and select stocks from the Russell 1000 Index that may generate positive alpha relative to traditional passive style indices through the use of the AlphaDEX screening methodology.
Cost & Other Expenses
When considering an ETF's total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal.
Annual operating expenses for FXG are 0.62%, which makes it one of the most expensive products in the space.
The fund has a 12-month trailing dividend yield of 1.95%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
For FXG, it has heaviest allocation in the Consumer Staples sector --about 85.30% of the portfolio --while Healthcare and Materials round out the top three.
When you look at individual holdings, Cvs Health Corporation (CVS) accounts for about 6.16% of the fund's total assets, followed by Pilgrim's Pride Corporation (PPC) and Molson Coors Beverage Company (TAP).
The top 10 holdings account for about 42.42% of total assets under management.
Performance and Risk
So far this year, FXG has added roughly 0.81%, and is down about -1.52% in the last one year (as of 05/09/2025). During this past 52-week period, the fund has traded between $61.21 and $70.06.
FXG has a beta of 0.61 and standard deviation of 13.56% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 41 holdings, it has more concentrated exposure than peers.
Alternatives
First Trust Consumer Staples AlphaDEX ETF is not a suitable option for investors seeking to outperform the Consumer Staples ETFs segment of the market. Instead, there are other ETFs in the space which investors should consider.
Vanguard Consumer Staples ETF (VDC) tracks MSCI US Investable Market Consumer Staples 25/50 Index and the Consumer Staples Select Sector SPDR ETF (XLP) tracks Consumer Staples Select Sector Index. Vanguard Consumer Staples ETF has $7.52 billion in assets, Consumer Staples Select Sector SPDR ETF has $15.81 billion. VDC has an expense ratio of 0.09% and XLP charges 0.08%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Consumer Staples ETFs.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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First Trust Consumer Staples AlphaDEX ETF (FXG): ETF Research Reports
CVS Health Corporation (CVS) : Free Stock Analysis Report
Molson Coors Beverage Company (TAP) : Free Stock Analysis Report
Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report
Consumer Staples Select Sector SPDR ETF (XLP): ETF Research Reports
Vanguard Consumer Staples ETF (VDC): ETF Research Reports
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Is First Trust Consumer Staples AlphaDEX ETF (FXG) a Strong ETF Right Now?

If you're interested in broad exposure to the Consumer Staples - Broad segment of the equity market, look no further than the First Trust Consumer Staples AlphaDEX ETF (FXG), a passively managed exchange traded fund launched on 05/08/2007.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Consumer Staples - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 7, placing it in top 44%.
Index Details
The fund is sponsored by First Trust Advisors. It has amassed assets over $284.35 million, making it one of the average sized ETFs attempting to match the performance of the Consumer Staples - Broad segment of the equity market. FXG seeks to match the performance of the StrataQuant Consumer Staples Index before fees and expenses.
The StrataQuant Consumer Staples Index is a modified equal-dollar weighted index designed by the AMEX to objectively identify and select stocks from the Russell 1000 Index that may generate positive alpha relative to traditional passive style indices through the use of the AlphaDEX screening methodology.
Costs
When considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.62%, making it one of the most expensive products in the space.
It has a 12-month trailing dividend yield of 1.94%.
Sector Exposure and Top Holdings
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Consumer Staples sector--about 85.30% of the portfolio, followed by Healthcare.
Looking at individual holdings, Cvs Health Corporation (CVS) accounts for about 6.16% of total assets, followed by Pilgrim's Pride Corporation (PPC) and Molson Coors Beverage Company (TAP).
The top 10 holdings account for about 42.42% of total assets under management.
Performance and Risk
The ETF return is roughly 1.24% and is up about 0.14% so far this year and in the past one year (as of 05/05/2025), respectively. FXG has traded between $61.21 and $70.06 during this last 52-week period.
The ETF has a beta of 0.61 and standard deviation of 13.66% for the trailing three-year period, making it a medium risk choice in the space. With about 41 holdings, it has more concentrated exposure than peers.
Alternatives
First Trust Consumer Staples AlphaDEX ETF sports a Zacks ETF Rank of 4 (Sell), which is based on expected asset class return, expense ratio, and momentum, among other factors. FXG, then, is not the best option for investors seeking exposure to the Consumer Staples ETFs segment of the market. Instead, there are better ETFs in the space to consider.
Vanguard Consumer Staples ETF (VDC) tracks MSCI US Investable Market Consumer Staples 25/50 Index and the Consumer Staples Select Sector SPDR ETF (XLP) tracks Consumer Staples Select Sector Index. Vanguard Consumer Staples ETF has $7.50 billion in assets, Consumer Staples Select Sector SPDR ETF has $16.01 billion. VDC has an expense ratio of 0.09% and XLP charges 0.08%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
First Trust Consumer Staples AlphaDEX ETF (FXG): ETF Research Reports
CVS Health Corporation (CVS) : Free Stock Analysis Report
Molson Coors Beverage Company (TAP) : Free Stock Analysis Report
Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report
Consumer Staples Select Sector SPDR ETF (XLP): ETF Research Reports
Vanguard Consumer Staples ETF (VDC): ETF Research Reports
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Should You Invest in the First Trust Consumer Staples AlphaDEX ETF (FXG)?

Pilgrim’s Pride Corporation PPC reported first-quarter 2025 results, with both top and bottom lines increasing from the year-ago quarter. Also, the company’s earnings surpassed the Zacks Consensus Estimate. PPC benefited from its portfolio diversification strategies, operational excellence, branded offerings and key customer partnerships.
PPC’s Q1 Results in Detail
Pilgrim's Pride reported adjusted earnings of $1.31 per share, surpassing the Zacks Consensus Estimate of $1.26. Also, the figure increased from adjusted earnings of 77 cents per share in the year-ago quarter. On a GAAP basis, earnings were $1.24 per share, up from 73 cents in the year-ago period. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Pilgrim's Pride Corporation Price, Consensus and EPS Surprise
Pilgrim's Pride Corporation price-consensus-eps-surprise-chart | Pilgrim's Pride Corporation Quote
The producer, marketer and distributor of fresh, frozen and value-added chicken and pork products generated net sales of $4,463 million, which increased 2.3% from the year-ago quarter.
Pilgrim's Pride’s cost of sales was $3,908.1 million, which decreased from $3,978 million reported in the year-ago quarter. Gross profit jumped year over year to $554.9 million from $383.9 million.
The company reported an adjusted EBITDA of $533.2 million, up from $371.9 million in the year-ago quarter. The adjusted EBITDA margin expanded 350 bps year over year to 12% in the quarter under review.
The operating income was $404.5 million, a year-over-year increase from $250.3 million.
PPC’s Segment Analysis
Net sales in the U.S. operations were $2,743.2 million, up from $2,579.3 million in the year-ago quarter. Management noted year-over-year gains in both sales and profitability. The U.S. Fresh segment benefited from continued seasonal strength in commodity prices and enhanced production efficiencies, particularly in Big Bird.
Meanwhile, Case Ready and Small Bird segments saw volume growth driven by expanded distribution with key customers across retail, deli and quick-service restaurants. The Prepared Foods segment accelerated its expansion of value-added products across both retail and foodservice channels.
Net sales from Europe operations declined to $1,231.5 million in the quarter under review from $1,267.9 million in the prior year. However, the region continues to show positive momentum, supported by ongoing optimization, new product development and branded portfolio growth. Europe achieved an adjusted EBITDA margin milestone of 8.1% for the quarter, an improvement of more than 150 basis points year over year. Overall demand remained stable as the portfolio continued shifting toward an enhanced mix. Notably, branded offerings showed strong momentum, with Richmond and Fridge Raiders volumes outpacing category growth.
Mexico operations generated net sales of $488.3 million in the reported quarter, down from $514.7 million in the prior-year quarter. Despite the decline, the region improved profitability through stronger partnerships with key customers in Fresh, favorable commodity pricing and growth in value-added offerings across both retail and foodservice. Expansion efforts in live operations and Prepared Foods are progressing as planned, with all key projects on schedule.
PPC’s Financial Health Snapshot
The company ended the quarter with cash and cash equivalents of $2,066.8 million, long-term debt (less current maturities) of $3,199.7 million and total shareholders’ equity of $3,147.4 million. The company provided $126.9 million in cash from operating activities for the three months ended March 30, 2025.
This Zacks Rank #3 (Hold) stock has gained 14.2% in the past three months compared with the industry’s 3.3% growth.
Image Source: Zacks Investment Research
Three Food Stocks to Consider
United Natural Foods, Inc. UNFI distributes natural, organic, specialty, produce and conventional grocery and non-food products in the United States and Canada. At present, United Natural carries a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The consensus estimate for United Natural’s current fiscal-year sales and earnings implies growth of 1.9% and 485.7%, respectively, from the year-ago figures. UNFI delivered a trailing four-quarter earnings surprise of 408.7%, on average.
Utz Brands UTZ engages in the manufacture, marketing and distribution of snack foods in the United States and presently carries a Zacks Rank of 2. UTZ delivered a trailing four-quarter earnings surprise of 8.8%, on average.
The Zacks Consensus Estimate for Utz Brands’ current financial-year sales and earnings indicates growth of 1.4% and 10.4%, respectively, from the year-ago numbers.
Mondelez International, Inc. MDLZ manufactures, markets and sells snack food and beverage products in Latin America, North America, Asia, the Middle East, Africa, and Europe. It presently carries a Zacks Rank of 2. MDLZ delivered a trailing four-quarter earnings surprise of 9.8%, on average.
The Zacks Consensus Estimate for Mondelez International’s current financial-year sales indicates growth of 3.7% from the year-ago numbers.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report
United Natural Foods, Inc. (UNFI) : Free Stock Analysis Report
Mondelez International, Inc. (MDLZ) : Free Stock Analysis Report
Utz Brands, Inc. (UTZ) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

PPC Q1 Earnings Beat Estimates, U.S. Operations Drive Sales Growth

In trading on Thursday, shares of Pilgrims Pride Corp. (Symbol: PPC) crossed below their 200 day moving average of $47.95, changing hands as low as $46.04 per share. Pilgrims Pride Corp. shares are currently trading off about 14.9% on the day. The chart below shows the one year performance of PPC shares, versus its 200 day moving average:
Looking at the chart above, PPC's low point in its 52 week range is $33.67 per share, with $57.16 as the 52 week high point — that compares with a last trade of $46.44.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
Also see:
Asset Management Dividend Stocks
UNIS Split History
TFIN YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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