Pilgrim''s Pride Corporation found using ticker (PPC) have now 7 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 36 and 28.5 with a mean TP of 33.07. With the stocks previous close at 24.93 this indicates there is a potential upside of 32.7%. There is a 50 day moving average of 29.19 and the 200 moving average now moves to 28.21. The company has a market cap of $5,751m. You can visit the company''s website by visiting: https://www.pilgrims.com [stock_market_widget type="chart" template="basic" color="green" assets="PPC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $7,629m based on the market concensus. 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.
Pilgrim''s Pride Corporation found using ticker (PPC) have now 7 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 36 and 28.5 calculating the average target price we see 33.07. With the stocks previous close at 30.06 this now indicates there is a potential upside of 10.0%. The day 50 moving average is 30.86 and the 200 day moving average is 28.29. The market cap for the company is $7,231m. Visit the company website at: https://www.pilgrims.com [stock_market_widget type="chart" template="basic" color="green" assets="PPC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $7,955m based on the market concensus. 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.
Pilgrim''s Pride Corporation with ticker code (PPC) have now 7 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 36 and 28.5 and has a mean target at 33.07. Given that the stocks previous close was at 29.99 this indicates there is a potential upside of 10.3%. The day 50 moving average is 31.23 and the 200 moving average now moves to 28.25. The market cap for the company is $7,202m. Find out more information at: https://www.pilgrims.com [stock_market_widget type="chart" template="basic" color="green" assets="PPC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $7,942m based on the market concensus. 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.
It’s important to have a diversified portfolio. You’ll see that my portfolios run the gamut — there are large-cap names, growth stocks and momentum plays, but you’ll also find some lesser known stocks under $50 to buy and hold. Warren Buffett is the master of buy-and-hold stocks. The Oracle of Omaha made his career on finding the best stocks to buy and hold for his conglomerate Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ). He famously said of his portfolio, “Our favorite holding period is forever.” I’m not saying that these stocks under $50 to buy and hold will turn you into the next Warren Buffett. But, if you’re looking to add some set-it-and-forget-it names on the cheap to your holdings, these are seven good places to start. CIG Companhia Energética de Minas Gerais $2.27 CPG Crescent Point Energy $6.68 ICL ICL Group $9.57 PLAB Photronics $24.69 PPC Pilgrim’s Pride Corporation $29.99 TWI Titan International $14.29 MERC Mercer International $14.97 Stocks Under $50 to Buy and Hold: Companhia Energética de Minas Gerais (CIG) Source: Shutterstock This first name is way below our $50 threshold — in fact, at less than $2.50 per share it qualifies as a penny stock.
While concerns like inflation, interest rates, and a possible recession continue to challenge stocks, that doesn’t mean you should be sitting on the sidelines. Rather, you should be still active in the markets, focusing on high quality, resilient names, that can ride out any additional uncertainty that may arise. For instance, with these consumer stocks to buy and hold. What do I mean when I say “to buy and hold?” These aren’t stocks to trade. Nor are they stocks to buy ahead of a single catalyst, only to sell once said catalyst plays out. No, these are the stocks to buy, with the intention of holding them for many years. Through bull and bear markets. Doing so stands to pay off in two ways. First, through the payment of steady dividends. Second, through gradual appreciation. Together, this can result in solid returns. What are some of the best consumer stocks to buy and hold? Consider these seven, all but one of which earn an “A” rating in my Portfolio Grader . CALM Cal-Maine Foods $51.98 GIS General Mills $75.64 HSY Hershey Company $226.42 KO Coca-Cola $64.05 POST Post Holdings $88.49 PPC Pilgrim’s Pride $31.05 TWNK Hostess Brands $22.95 Consumer Stocks to Buy and Hold: Cal-Maine Foods (CALM) Source: Casimiro PT / Shutterstock.com Based in Ridgeland, Mississippi, Cal-Maine Foods (NASDAQ: CALM ) is a leading egg producer.
America''s second-biggest chicken producer handily beat analysts'' EPS forecast in its Q2 report earlier this week. Read our analysis here.
According to Benzinga Pro, during Q2, Pilgrims Pride (NASDAQ: PPC ) earned $362.02 million, a 29.04% increase from the preceding quarter. Pilgrims Pride also posted a total of $4.63 billion in sales, a 9.25% increase since Q1. In Q1, Pilgrims Pride earned $280.56 million, and total sales reached $4.24 billion. Why Is ROIC Significant? Earnings data without context is not clear and can difficult to base trading decisions on. Return on Invested Capital (ROIC) helps to filter signal from noise by measuring yearly pre-tax profit relative to invested capital by a business. Generally, a higher ROIC suggests successful growth of a company and is a sign of higher … Full story available on Benzinga.com
Pilgrim''s Pride Corporation (NASDAQ:NASDAQ:PPC) Q2 2022 Earnings Conference Call July 28, 2022, 09:00 AM ET Company Participants Andy Rojeski - Head-Strategy, IR and Net Zero Programs Fabio…
The following slide deck was published by Pilgrim''s Pride Corporation in conjunction with their 2022 Q2 earnings call.
https://www.investing.com/news/pro/pilgrims-pride-pt-raised-to-34-at-cfra-432SI-2857019
Pilgrim''s Pride (PPC) is scheduled to announce Q2 earnings results on Wednesday, July 27th, after market close.The consensus EPS Estimate is $1.16 (+84.1% Y/Y) and the consensus…
Pilgrim''s Pride is set to release earnings Wednesday after the market closes, which could catalyze a major move in the stock.
Pilgrim''s Pride Corporation with ticker code (PPC) have now 7 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 35 and 27 and has a mean target at 30.64. With the stocks previous close at 30.71 this indicates there is a potential downside of -.2%. The day 50 moving average is 30.46 while the 200 day moving average is 28.04. The company has a market capitalisation of $7,212m. You can visit the company''s website by visiting: https://www.pilgrims.com [stock_market_widget type="chart" template="basic" color="green" assets="PPC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $7,196m based on the market concensus. 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.
It’s unclear what’s in store for stocks in the short-term . On one hand, it’s possible the market has already bottomed out. On the other hand, inflation and recession fears could mean more volatility ahead. So then, what’s the best move? Focus on adding more long-term stocks to your portfolio. That is, stocks in companies with strong long-term prospects. They may not be the “hottest” names out there, but with a high chance of delivering steady growth over many years (or in some cases, decades), buying these names now, while they trade for favorable valuations, could look like a wise move in hindsight. 7 Unstoppable Stocks to Own in 2022 When it comes to long-term stocks, you have many options. The market downturn has resulted in many high-quality names becoming oversold. These seven, however, currently all earn “A” ratings in my Portfolio Grader . Consider each of them as possible buy and hold positions to add to your own portfolio. CHRW C.H. Robinson Worldwide, Inc. $106.21 DLTR Dollar Tree, Inc. $156.16 HSY The Hershey Company $207.55 OGE OGE Energy Corp. $36.51 PAC Grupo Aueroportuario del Pacífico, S.A.B. de C.V. $140.43 PPC Pilgrim’s Pride Corporation $30.10 ZIM ZIM Integreated Shipping Services Ltd. $51.63 Long-Term Stocks to Buy: C.H.
Poultry producers like Pilgrim’s Pride Corporation (PPC) saw shares slip on Monday as former executives once again find themselves in court over price fixing allegations.
Pilgrim''s Pride stock is Stock Of The Day. Tyson Foods reported strong earnings as consumers accepted food price hikes.
Pilgrim’s Pride Corporation (NASDAQ:NASDAQ:PPC) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET Company Participants Andy Rojeski – Head-Strategy, Investor Relations and Net Zero…
Pilgrim''s Pride press release (PPC): Q1 Non-GAAP EPS of $1.18 beats by $0.50.Revenue of $4.24B (+29.7% Y/Y) beats by $140M.Adjusted EBITDA of $501.8 million, or an 11.8% margin,…
Pilgrim''s Pride (PPC) is scheduled to announce Q1 earnings results on Wednesday, April 27th, after market close.The consensus EPS Estimate is $0.68 (+61.9% Y/Y) and the consensus…
Pune, India, April 22, 2022 (GLOBE NEWSWIRE) -- The global Frozen Food market size was USD 231.38 billion in 2020. The market is projected to grow from USD 256.46 billion in 2021 to USD 385.04 billion in 2028 at a CAGR of 5.98% during the 2021-2028 period. This information is provided by Fortune Business Insights , in its report, titled, "Frozen Food Market, 2021-2028." As per the research conducted by our expert analysts, the market is observing advanced growth owing to the growing demand for easily accessible food products such as ready-to-eat meals and cold cuts. COVID-19 Impacts: Decreased Manpower in Production Units amid COVID-19 to Obstruct Market Growth This market witnessed an exponential rise in sales owing to the fright buying documented among consumers with the fear of global lockdown being imposed amid COVID-19 pandemic. Furthermore, frozen items pooled with other fundamental items were the instantaneous food products being sold in the primary days of lockdown owing to their elongated shelf life.
GREELEY, Colo., April 08, 2022 (GLOBE NEWSWIRE) -- Pilgrim''s Pride Corporation (NASDAQ: PPC ) announced today that it will release its first quarter 2022 financial results after the U.S. market closes on Wednesday, April 27, 2022 and host its first quarter 2022 earnings conference call and webcast on Thursday, April 28, 2022 at 7:00 a.m. MT (9:00 a.m. ET). Prepared remarks regarding the company''s financial and operational results will be followed by a question and answer period with Pilgrim''s executive management team. Investors and analysts may pre-register for the webcast to receive a unique PIN to gain immediate access to the … Full story available on Benzinga.com
Upgrades For Alpha Metallurgical Resources Inc (NYSE: AMR ), B. Riley Securities upgraded the previous rating of Neutral to Buy. For the fourth quarter, Alpha Metallurgical had an EPS of $13.30, compared to year-ago quarter EPS of $3.00. At the moment, the stock has a 52-week-high of $132.70 and a 52-week-low of $11.13. Alpha Metallurgical closed at $121.64 at the end of the last trading period. For Hormel Foods Corp (NYSE: HRL ), Argus Research upgraded the previous rating of Hold to Buy. In the first quarter, Hormel Foods showed an EPS of $0.44, compared to $0.41 from the year-ago quarter. The stock has a 52-week-high of $53.19 and a 52-week-low of $40.48. At the end of the last trading period, Hormel Foods closed at $49.91. According to Wells Fargo, the prior rating for Arista Networks Inc (NYSE: ANET ) was changed from Equal-Weight to Overweight. In the fourth quarter, Arista Networks showed an EPS of $0.82, compared to $0.62 from the year-ago quarter. At the moment, the stock has a 52-week-high of $536.54 and a 52-week-low of $108.23.
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Vancouver, British Columbia TheNewswire - July 6, 2021 RACKLA METALS INC. (Rackla) (TSXV:RAK ) (OTC:RMETF) is pleased to announce the proposed appointment of Mr. Darryll John Castle as President, Chief Executive Officer and Director of the Company. The appointment of Mr Darryll Castle will become effective upon the closing of the transactions contemplated by the Casa Mining SPA (as defined below) and such appointment is subject to approval by the TSX Venture Exchange. Mr. Castle is an accomplished mining executive with more than 20 years involvement in financing and operating mines and managing a number of private and publicly listed mineral resource companies. Mr. Castle holds degrees in both engineering and finance, and has an extensive career at underground and open-pit mining projects across South America, Africa, and Europe. Darryll holds B.Sc (Civil) and B Com degrees, a Masters of Business Administration (MBA) and the Chartered Financial Analyst (CFA) qualification. Through his extensive career he has accumulated a broad range of experience and skills spanning the fields of corporate general management, fund management, financial analysis, mining and engineering.
GREELEY, Colo., June 30, 2021 (GLOBE NEWSWIRE) -- Pilgrim''s (NASDAQ: PPC ), a global food company, today announced the release of its 2020 Sustainability Report , which includes the five-year results of its 2015 sustainability goals and aggressive new global targets that will guide the company''s sustainability strategy over the next decade and beyond. The report transparently details the company''s progress in key priority areas animal care, team members, environment, communities, customers and consumers, and suppliers across its operations in the UK, Continental Europe, Mexico and the United States. Pilgrim''s has established sustainability as core to its business strategy, adopting industry-leading initiatives that build on the company''s long-standing commitment to sustainable food production. Pilgrim''s is the first major global meat and poultry company to offer a sustainability-linked bond tied to efforts to reduce greenhouse gas emission intensity across its global operations. In addition, Pilgrim''s is an integral part of the JBS commitment to achieve net-zero greenhouse gas (GHG) emissions by 2040, the most ambitious commitment of its kind in the sector. "At Pilgrim''s, we are committed to being the best and most respected company in our industry, and we want to serve as a leader that can help drive the
Meanwhile Peets Coffee shutters doors.
JBS and Pilgrims announce vaccination sweepstakes.
Rating Action: Moody''s affirms Pilgrim''s Pride Corporation''s Ba3 CFR and stable outlook Read the full article at Moody''s
NEW YORK - Stocks that traded heavily or had substantial price changes Friday: Adobe Inc., up $14.23 to $565.59. The software maker gave investors an encouraging profit
Stocks that traded heavily or had substantial price changes Friday: Pilgrim''s Pride, JPMorgan fall; Adobe, Smith & Wesson rise
IRELAND Kerry Group, an Irish food company, has sold its Kerry Consumer Foods Meats and Meals business valued at US$952 million to American multi-national food company Pilgrims Pride. Kerry Meats is a leading manufacturer of branded and private label meats, meat snacks and food-to-go products in the United Kingdom and Ireland. Its sister, Kerry Meals is a leader in the ethnic chilled and frozen ready meals business in the United Kingdom. The combined businesses produced over £725 million (US$864 million) in annual sales during the year ended December 31,
Brexit could be driving M&A after all. Kerry Group(KYGa.I) said on Friday it would sell its consumer foods'' meats and prepared meals business in the UK and Ireland to Pilgrim''s Pride (PPC.O), 80% owned by Brazilian meat giant JBS (JBSS3.SA), for 819 million euros in cash. That allows the Irish group focus on higher margin flavourings and ingredients . Its shares rose 4%.
Kerry Group is to sell its consumer foods'' meats and meals business in the UK and Ireland to US food company Pilgrim''s Pride for 819m in cash.
BRASILIA Brazilian meatpacker JBS S.A said on Thursday its Pilgrims Pride Corp poultry unit reached a deal with Irish food firm Kerry Group Plc to buy its British and Irish Consumer Foods Meats and Meals business. JBS, the worlds largest meat processor, said in a filing the deals enterprise value was 680 million pounds. []
(RTTNews) - Pilgrim''s Pride Corp. (PPC) Thursday said it has agreed to buy Kerry Consumer Foods'' meats and meals business in the United Kingdom and Ireland. The acquisition, which was unanimously approved by Pilgrim''s Board of Directors, values the acquired businesses at a 680 million pounds or about $952 million enterprise value.
Pilgrim''s Pride Corp. said late Thursday it has agreed to buy the meats and meals business of Kerry Consumer Foods in the U.K. and Ireland for an undisclosed amount. Following the deal, Pilgrim''s "will be a leading food company, with a significant value-added protein and integrated prepared foods business anchored by a portfolio of strong brands," the poultry producer said. The deal values Kerry, which makes branded and private-label meats, meat snacks, frozen meals and food-to-go products, around $1 billion. The deal is expected to close in the fourth quarter of this year, including customary conditions. Shares of Pilgrim''s were flat in the extended session Thursday after ending the regular trading day down 1.7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
£680M acquisition will increase Pilgrim''s portfolio diversity Company to host a conference call today at 5 p.m. ET GREELEY, Colo., June 17, 2021 (GLOBE NEWSWIRE) -- Pilgrim''s Pride Corporation (NASDAQ: PPC ) ("Pilgrim''s" or the "Company") today announced that it has executed an acquisition agreement to acquire the Meats and Meals business (the "Acquisition") of Kerry Consumer Foods in the United Kingdom and Ireland. Following the Acquisition, Pilgrim''s will be a leading food company, with a significant value-added protein and integrated prepared foods business anchored by a portfolio of strong brands. The Acquisition, which was unanimously approved by Pilgrim''s Board of Directors, values the acquired businesses at a £680 million (or approximately $952 million based on a 1.40 USD/GBP exchange rate as of June 16, 2021) enterprise value. The purchase amount represents an 8.5x multiple on implied expected standalone EBITDA for 2021. "We are pleased to have the opportunity to position Pilgrim''s as a leading prepared foods and branded products player through the acquisition of Kerry Consumer Foods'' Meats and Meals business," said Fabio Sandri, Pilgrim''s'' Chief Executive Officer.
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All information received will be treated with the appropriate discretion and confidentiality The post ArcelorMittal: R50 000 reward for information regarding Peets murder appeared first on Sedibeng Ster .
Peercoin PPC/USD remains under pressure; in less than several weeks, the price of this cryptocurrency fell from $5.66 to $1.04, and the current price stands around $1.16. Fundamental analysis: Peercoin is a truly unique project with big potential Peercoin is one of the earliest pioneering blockchains and the first blockchain that allows its protocol rules [] The post Is Peercoin (PPC) a buy or sell in June? appeared first on Invezz .
Judge blocks Gadsden from approving Pilgrims Pride rendering plant construction AL.com
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PRESS RELEASE Amsterdam, 9 June 2021 Key highlights Debut bond offering represents another milestone in the evolution of JDE Peet''s, providing access to debt capital marketsEUR 2 billion priced acr
Climate transition puts high-yield bond investors at risk Submitted By Madeleine Taylor | 09/06/2021 - 9:12am Investors in high-yield bonds may be more exposed to the risk of a climate transition than those in other debt and equity assets, according to new research from MSCI. Many investors are looking further down the ratings ladder because of the low-yield environment in fixed income, and the high valuations commanded by debt issuances marked as green or sustainable. The research team at MSCI looked at the risk to US corporate bond and equity benchmarks if policies were put in place to limit the increase in global temperature to 1.5 degrees by the year 2100. It found that high-yield bonds have a higher exposure to risks from a climate transition than other assets, including investment-grade fixed income and equities. High-yield corporate bonds had a downside repricing risk of -12.7 per cent, according to MSCIs Climate Value-at-Risk (Climate VaR) model. Meanwhile, the equity benchmark had a Climate VaR of -5.9 per cent, and the investment grade-corporate-bond benchmark showed the lowest level of transition risk, at -3.4 per cent. Institutional investors are increasingly focused on building greener portfolios, with reduced exposure to climate transition risk, writes the team at MSCI. Some might expect bonds to be less exposed to this risk as compared to equities, due to the seniority afforded to bonds by the capital structure.
12.56pm: Miner sees feasibility study accepted Kodal Minerals PLC (LON:KOD) has jumped by nearly a quarter after developments regarding its Bougouni lithium project in southern Mali. The mineral exploration and development company said the project had moved a step closer after the Direction Nationale de la Geologie et des Mines wrote to accept the feasibility study for its mining licence application. Kodal now has to pay the £135,000 application fee, which it plans to do promptly. Chief executive Bernard Aylward said: "Our Mining Licence application is progressing through the final regulatory stages and the receipt of this letter confirming the Feasibility Study for the development of the Bougouni Lithium Project and the request to pay the Mining Licence application fee is a very positive development and brings us significantly closer to a fully permitted project." Kodal has climbed 23.97% to 0.3p. 11.27am: Mortgage lender in demand Paragon Banking Group PLC ( LON:PAG ) is one of the day''s big risers.
11.27am: Mortgage lender in demand Paragon Banking Group PLC (LON:PAG) is one of the day''s big risers. Its shares have climbed 8.11% to 553.5p after the buy-to-let specialist saw its pre-tax profits jumped 69% to £96.4ml and it announced a £40mln share buy-back. New mortgage loans jumped 45% in the half-year to end-March 2021 to £1.13bn with demand back to just below the pre-pandemic rate. Buy-to-let advances rose 58% on the previous six months to £715mln with the portfolio worth £10.9bn. 10.30am: Kitchen specialist upbeat Filta Group Holdings PLC ( LON:FLTA ), which provides services to commercial kitchens, is seeing increased demand as lockdown measures ease around the world. Its shares are up 4.53% or 7p at 161.5p after it said the US hospitality and leisure sectors were opening faster than anticipated, with its franchisees delivering a record $4.6mln of revenue in April, up from $3.1mln in January and well ahead of April 2019 ($4.3m), when $52m was achieved in the full year. In the UK the reopening has been more cautious but it said: "The company''s decision to focus on supermarkets and fast food chains has been a major factor in driving revenues whilst the hospitality venues have been closed, resulting in an increase in equipment installations and a robust sales pipeline." Europe has also started to reopen and the company sees good growth opportunities there.
President Energy (LON:PPC) has seen its shares surge after unveiling an agreement for its its Pirity concession in Paraguay. The South America-focused company said that after 20 months of negotiations during the pandemic, it has signed a deal for a "substantial" Northern Hemisphere state-owned energy and petrochemicals company to take a 50% participating interest in the concession. The state-owned business - whose name is not revealed at the moment - will pay 60% of the costs of an exploration well currently scheduled to commence during the second half of 2022 and will also pay President US$4mln for agreeing certain performance obligations. The costs of the exploration well are put at US$10-15mln with an estimated chance of success of 30%. Chairman Peter Levine said: "With the recent robust oil prices and demand increases, the timing is perfect especially when taking into account in a success case the end market opportunities provided in a country that currently imports all its oil in refined form by barge all the way from the River Plate. "We have in this regard a significant joker in our pack of cards through the possibilities which will be no doubt available through our second largest shareholder Trafigura, one of the World''s leading commodity traders whose associated company in Paraguay, Puma, is an important importer of fuel into the country and has there an extensive and significant network of retail filling stations." President has put on 11.63% or 0.25p to 2.4p.
RIO DE JANEIRO, BRAZIL - JBS (JBSS3) said Thursday, June 3, that all of its global facilities are fully operational after a "criminal cyber attack" on May 30 caused many of its operations in the United States and Australia to be suspended. JBS USA and its Pilgrim''s Pride subsidiary managed to narrow the loss to [] The post JBS ensures all global facilities are operational after hacker attack appeared first on The Rio Times .
(RTTNews) - JBS USA and Pilgrim''s said Thursday that all of its global facilities are fully operational after resolution of the criminal cyberattack on Sunday, May 30. The company said any lost production across the company''s global business will be fully recovered by the end of next week, limiting any potential negative impact on producers,
GREELEY, Colo., June 03, 2021 (GLOBE NEWSWIRE) -- Today, JBS USA and Pilgrim''s ("the company") announced that all of its global facilities are fully operational after resolution of the criminal cyberattack on Sunday, May 30. The company''s swift response, robust IT systems and encrypted backup servers allowed for a rapid recovery. As a result, JBS USA and Pilgrim''s were able to limit the loss of food produced during the attack to less than one days'' worth of production. Any lost production across the company''s global business will be fully recovered by the end of next week, limiting any potential negative impact on producers, Full story available on Benzinga.com