Grupo Santander Analyst Raises from Neutral to Outperform on Pilgrim's Pride Corporation (PPC)

Pilgrim’s Pride Corporation (NASDAQ:PPC)  is among the 12 Best Food Stocks to Buy in 2026.

Grupo Santander’s analyst, Guilherme Palhares, raised Pilgrim’s Pride Corporation (NASDAQ:PPC) from Neutral to Outperform with a $56 price objective, as reported by TheFly on December 11, 2025.

On December 9, 2025, Barclays maintained its Equal Weight rating. The firm is reducing its price objective for Pilgrim’s Pride Corporation (NASDAQ:PPC) from $49 to $45. Agriculture markets are anticipated to experience mixed outcomes in 2026, according to analyst Benjamin Theurer. Barclays maintains a neutral to positive stance on fertilizer, underlines that biofuel legislation would affect grain traders, and prefers seed over crude protein. Protein trends from 2025 are anticipated to continue in 2026.

The company reported $4.8 billion in net sales and $492.6 million in operating income with a margin of 10.4% in the third quarter of 2025. Demand remained high in both foodservice and retail. Prepared foods surged by more than 25% year over year. The corporation maintains about 1.0x net leverage, aims to invest $500 million in U.S. investments, and plans for expansion with key customers.

Pilgrim’s Pride Corporation (NASDAQ:PPC)  is the second-largest poultry producer in the United States, as per Morningstar.

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