Pilgrim's Pride prices notes: UBS cuts target for Pilgrim's Pride stock

Published on 10/05/2026 at 07:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue fell 2.80 percent year over year to USD 4.63 billion. For Pilgrim's Pride stock, adjusted EBITDA margin was 7.80 percent in Q2 2026.

PPC, US72147K1088, Illustration mit AI erstellt.

Pilgrim's Pride Corporation (US72147K1088) priced EUR 500 million of 4.750 percent senior notes due 2034 on September 9, 2026, with proceeds intended partly to fund its Walkers Deli & Sausage Company acquisition. MarketScreener also reports that UBS cut its target from USD 30.00 to USD 28.00 while maintaining a Neutral rating on August 7, 2026. The financing puts the acquisition and margin recovery on the same investor agenda.

Debt funds the Walkers deal

The notes mature in 2034 and carry a 4.750 percent coupon. According to Pilgrim's Pride, the proceeds are intended for general corporate purposes, including consideration for Walkers and related expenses.

The transaction follows the company's August 17, 2026 agreement to acquire Walkers, a UK pork products maker. The financing is not conditioned on the acquisition closing, which separates the debt commitment from the deal's completion.

Q2 margin pressure remains visible

Pilgrim's Pride generated USD 4.63 billion in revenue in the second quarter of 2026, down 2.80 percent from the year-earlier period, while adjusted EBITDA fell to USD 360.0 million from USD 686.9 million. MarketBeat reports that earnings per share came in at USD 0.64 versus a USD 0.70 consensus estimate, while revenue was below the USD 4.70 billion estimate.

The adjusted EBITDA margin was 7.80 percent in the second quarter of 2026, down from 14.40 percent in the year-earlier quarter. That 6.60 percentage-point contraction matters because the Walkers transaction is being presented alongside prepared-foods expansion, a business area management has identified as a longer-term margin support.

Prior close and trading range

Lang & Schwarz showed a prior close of EUR 24.44 for October 2, 2026. Separately, NASDAQ data placed PPC at USD 27.50 on October 2, 2026, against a 52-week range of USD 25.00 to USD 44.84; the USD price was 38.67 percent below the high.