Pilgrim's Pride Likely Faces Margin Pressure in Q3, UBS Says

MT Newswires Live09-23

Pilgrim's Pride (PPC) is likely faced with margin pressure in Q3 amid a significant supply increase in the US chicken market this year, UBS said in a preview note Monday.

The report said pricing conditions weakened further in Q3, as the composite fell 4% quarter-on-quarter, while certain cuts posted sharper declines, including breast down 19% QoQ.

"Combined with higher feed costs, we expect this backdrop to have pressured PPC's 3Q US margins," the note said. "Looking ahead, the supply increase is set to continue."

UBS analysts said their EBIT and EBITDA estimates are below consensus due to the US business.

UBS kept its neutral rating and a $28 price target.

Price: 29.59, Change: +0.11, Percent Change: +0.36

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2669125634?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-23 00:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2669125634","market":"fut","top_or_hot":-1,"title":"Pilgrim's Pride Likely Faces Margin Pressure in Q3, UBS Says","media":"MT Newswires Live","content":"<html><body><p> Pilgrim's Pride (PPC) is likely faced with margin pressure in Q3 amid a significant supply increase in the US chicken market this year, UBS said in a preview note Monday.</p><p>The report said pricing conditions weakened further in Q3, as the composite fell 4% quarter-on-quarter, while certain cuts posted sharper declines, including breast down 19% QoQ.</p><p>\"Combined with higher feed costs, we expect this backdrop to have pressured PPC's 3Q US margins,\" the note said. \"Looking ahead, the supply increase is set to continue.\"</p><p>UBS analysts said their EBIT and EBITDA estimates are below consensus due to the US business.</p><p>UBS kept its neutral rating and a $28 price target.</p><p>Price: 29.59, Change: +0.11, Percent Change: +0.36</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pilgrim's Pride Likely Faces Margin Pressure in Q3, UBS Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPilgrim's Pride Likely Faces Margin Pressure in Q3, UBS Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-09-23 00:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Pilgrim's Pride (PPC) is likely faced with margin pressure in Q3 amid a significant supply increase in the US chicken market this year, UBS said in a preview note Monday.</p><p>The report said pricing conditions weakened further in Q3, as the composite fell 4% quarter-on-quarter, while certain cuts posted sharper declines, including breast down 19% QoQ.</p><p>\"Combined with higher feed costs, we expect this backdrop to have pressured PPC's 3Q US margins,\" the note said. \"Looking ahead, the supply increase is set to continue.\"</p><p>UBS analysts said their EBIT and EBITDA estimates are below consensus due to the US business.</p><p>UBS kept its neutral rating and a $28 price target.</p><p>Price: 29.59, Change: +0.11, Percent Change: +0.36</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PPC.AU","symbol_name":"PEET LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2669125634","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2669125634","pubTimestamp":1790092861,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Pilgrim's Pride  is likely faced with margin pressure in Q3 amid a significant supply increase in the US chicken market this year, UBS said in a preview note Monday.The report said pricing conditions weakened further in Q3, as the composite fell 4% quarter-on-quarter, while certain cuts posted sharper declines, including breast down 19% QoQ.\"Combined with higher feed costs, we expect this backdrop to have pressured PPC's 3Q US margins,\" the note said. \"Looking ahead, the supply increase is set to continue.\"UBS analysts said their EBIT and EBITDA estimates are below consensus due to the US business.UBS kept its neutral rating and a $28 price target.Price: 29.59, Change: +0.11, Percent Change: +0.36","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PPC.AU":"PEET LTD","BK7145":"房地产开发","BK4212":"包装食品与肉类","PPC":"Pilgrim’s Pride Corporation"},"translate_title":"瑞银表示，Pilgrim's Pride 第三季度可能面临利润率压力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PPC.AU":1,"PPC":1},"content_text":"Pilgrim's Pride (PPC) is likely faced with margin pressure in Q3 amid a significant supply increase in the US chicken market this year, UBS said in a preview note Monday.The report said pricing conditions weakened further in Q3, as the composite fell 4% quarter-on-quarter, while certain cuts posted sharper declines, including breast down 19% QoQ.\"Combined with higher feed costs, we expect this backdrop to have pressured PPC's 3Q US margins,\" the note said. \"Looking ahead, the supply increase is set to continue.\"UBS analysts said their EBIT and EBITDA estimates are below consensus due to the US business.UBS kept its neutral rating and a $28 price target.Price: 29.59, Change: +0.11, Percent Change: +0.36","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2669125634","isCrawlerRequest":true}