Pilgrim's Pride Corporation bonds PPC
Who owns Pilgrim's Pride Corporation's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. PPC stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 72147KAJ7 | 4.25% fixed | 2031-04-15 | USD | 95.11 | 5.44% | 112 bp | 24 | $53.7M | Jul 2026 |
| 72147KAH1 | 3.5% fixed | 2032-03-01 | USD | 90.01 | 5.61% | 124 bp | 28 | $43.6M | Jul 2026 |
| 72147KAK4 | 6.25% fixed | 2033-07-01 | USD | 102.69 | 5.77% | 132 bp | 24 | $29.8M | Jul 2026 |
| 72147KAL2 | 6.875% fixed | 2034-05-15 | USD | 106.51 | 5.82% | 132 bp | 20 | $60.8M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 4 | $188.0M | 98.90 | 5.69% | 128 bp | 28 |
| Jun 2026 | 4 | $735.7M | 100.17 | 5.41% | 112 bp | 72 |
| May 2026 | 4 | $368.9M | 100.23 | 5.42% | 116 bp | 33 |
| Apr 2026 | 4 | $214.3M | 100.53 | 5.33% | 125 bp | 29 |
| Mar 2026 | 4 | $806.8M | 100.15 | 5.40% | 140 bp | 71 |
| Feb 2026 | 4 | $441.9M | 102.93 | 4.86% | 102 bp | 35 |
| Jan 2026 | 4 | $236.2M | 102.21 | 5.03% | 108 bp | 35 |
| Dec 2025 | 4 | $772.3M | 102.16 | 5.04% | 116 bp | 70 |
| Nov 2025 | 4 | $438.4M | 102.32 | 4.99% | 115 bp | 33 |
| Oct 2025 | 4 | $229.5M | 101.73 | 5.12% | 130 bp | 33 |
| Sep 2025 | 4 | $739.7M | 101.72 | 5.12% | 125 bp | 64 |
| Aug 2025 | 4 | $380.4M | 100.91 | 5.32% | 131 bp | 33 |
| Jul 2025 | 4 | $227.9M | 100.37 | 5.40% | 122 bp | 32 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 39 added, 85 cut, 28 new holders and 19 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $108.0M | $114.4M | $0 |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $70.5M | $65.9M | $0 |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $64.5M | $63.2M | $3.6M |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $57.1M | $60.3M | $0 |
| TCW METWEST TOTAL RETURN BOND FUND TCW Metropolitan West Funds | 2026-06-30 | $61.3M | $56.6M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $56.7M | $56.1M | -$49.1M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $48.4M | $51.7M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $52.5M | $51.2M | $223K |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $47.0M | $48.7M | $5.6M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $48.0M | $47.1M | -$7.3M |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $41.4M | $39.8M | new |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $40.4M | $39.7M | -$5.5M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $36.6M | $35.5M | -$6.9M |
| Lord Abbett Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $29.4M | $27.6M | $15.5M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $27.1M | $24.6M | -$23.3M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $20.1M | $20.1M | -$15.1M |
| Franklin Managed Income Fund Franklin Investors Securities Trust | 2026-07-31 | $21.0M | $20.0M | $0 |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $18.7M | $18.5M | -$7.3M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $17.2M | $17.0M | -$2.7M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $16.0M | $15.3M | $8.0M |
| Bond Fund John Hancock Sovereign Bond Fund | 2026-05-31 | $14.6M | $15.3M | -$16.6M |
| AST PGIM Fixed Income Central Portfolio Advanced Series Trust | 2026-06-30 | $15.1M | $14.6M | -$3.5M |
| Lord Abbett Core Fixed Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $14.6M | $13.2M | $3.4M |
| Multi-Manager Total Return Bond Strategies Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $12.7M | $12.4M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $11.0M | $10.9M | -$5.3M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): ALPS | Smith Total Return Bond Fund ($15.7M), High Yield Fund ($14.5M), Aristotle Strategic Income Fund ($8.0M), Multi-Manager High Yield Bond Fund ($2.2M), Eaton Vance Ltd Duration Income Fund ($2.0M), iShares Systematic Bond ETF ($1.9M), BondBloxx BB Rated USD High Yield Corporate Bond ETF ($1.6M), Advantage CoreAlpha Bond Master Portfolio ($1.1M), State Street(R) SPDR(R) Portfolio Aggregate Bond ETF ($1.1M), PSF PGIM High Yield Bond Portfolio ($701K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $56.7M | $56.1M | 0.08% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 4 | $52.5M | $51.2M | 0.18% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 4 | $48.0M | $47.1M | 0.01% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 4 | $40.4M | $39.7M | 0.25% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $20.1M | $20.1M | 0.04% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 4 | $18.7M | $18.5M | 0.16% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $17.2M | $17.0M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $16.0M | $15.3M | 0.03% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 3 | $11.0M | $10.9M | 0.09% |
| FIXD First Trust Smith Opportunistic Fixed Income ETF | 2026-05-31 | 3 | $9.4M | $9.9M | 0.30% |
| UCON First Trust Smith Unconstrained Bond ETF | 2026-05-31 | 2 | $8.7M | $8.8M | 0.27% |
| IGEB iShares Investment Grade Systematic Bond ETF | 2026-05-31 | 2 | $7.6M | $7.3M | 0.53% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 4 | $6.8M | $6.8M | 0.06% |
| SMTH ALPS | Smith Core Plus Bond ETF | 2026-05-31 | 3 | $6.3M | $6.6M | 0.24% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 3 | $6.2M | $6.2M | 0.18% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.01: safer than 58% of companies (49th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-06-28.
| Equity value | $6.81B |
| Debt barrier (short-term + ½ long-term debt) | $1.43B |
| Equity volatility (1 year) | 34.9% |
| Asset value / asset volatility (solved) | $8.18B / 29.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 128 bp spread prices in about 2.1% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z = 3.25 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in PPC's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 34 | $5.7M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 335 | $1.38B | 9 | $5.8M | 14 | $27.9M | 0 |
| 2026-03-31 | 337 | $1.39B | 7 | $4.7M | 7 | $3.1M | 0 |
| 2025-12-31 | 363 | $1.72B | 7 | $4.0M | 9 | $8.8M | 1 |
| 2025-09-30 | 401 | $2.14B | 8 | $7.0M | 9 | $10.4M | 1 |
| 2025-06-30 | 404 | $2.24B | 9 | $7.4M | 10 | $15.8M | 1 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.