{"id":114398,"date":"2021-02-25T18:31:26","date_gmt":"2021-02-25T18:31:26","guid":{"rendered":"https:\/\/precoinnews.com\/?p=114398"},"modified":"2021-02-25T18:31:26","modified_gmt":"2021-02-25T18:31:26","slug":"mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/","title":{"rendered":"McDonald&#x27;s new chicken sandwich could boost Tyson Foods, Pilgrim&#x27;s Pride and other poultry suppliers, analyst says"},"content":{"rendered":"<ul>\n<li>McDonald&#x27;s new chicken sandwiches could boost all chicken suppliers, according to a report from Bank of America Securities.<\/li>\n<li>The top beneficiaries would likely be Tyson Foods, which is among McDonald&#x27;s biggest chicken suppliers, and Pilgrim&#x27;s Pride, which is a supplier for Chick-fil-A.<\/li>\n<li>Increased competition could drive more advertising for rivals&#x27; sandwiches, boosting sales and demand for chicken.<\/li>\n<\/ul>\n<p>McDonald&#x27;s new line of chicken sandwiches could lift all chicken suppliers, particularly Tyson Foods and Pilgrim&#x27;s Pride, said a Bank of America Securities report released Thursday.<\/p>\n<p>The fast-food giant launched its Crispy Chicken Sandwich nationwide on Wednesday, spurred on by increased competition with Chick-fil-A and the success of Popeyes&#x27; version.<\/p>\n<p>McDonald&#x27;s is somewhat tight-lipped about the identity of its suppliers, but analyst Peter Galbo predicts that Tyson is one of McDonald&#x27;s biggest chicken suppliers, thanks to its 2018 acquisition of Keystone Foods. Moreover, roughly a fifth of Tyson&#x27;s chicken portfolio consists of smaller size birds, which tend to be used in chicken sandwiches, Galbo wrote.<\/p>\n<p>Another beneficiary of the chicken sandwich wars is Pilgrim&#x27;s Pride. It&#x27;s one of Chick-fil-A&#x27;s biggest suppliers, and about a third of its portfolio is devoted to smaller birds. Galbo also noted that Pilgrim&#x27;s Pride is converting one of its facilities from large bird to small bird to meet increased demand.<\/p>\n<p>McDonald&#x27;s outsized market influence could raise prices across the category, even if processors aren&#x27;t supplying the fast-food giant. According to Galbo, McDonald&#x27;s holds a 30% market share in the fast-food sector, and it has a track record of influencing commodity prices. The increased competition could also drive more advertising around chicken sandwiches from rivals such as Restaurant Brand International&#x27;s Popeyes, further fueling demand.<\/p>\n<p>So far in February, chicken breast prices are up about 45% compared with January&#x27;s prices, according to Galbo.<\/p>\n<p>Shares of Pilgrim&#x27;s Pride are roughly flat over the last year, giving it a market value of $5.5 billion. Meat giant JBS owns 82% of Pilgrim&#x27;s Pride shares. Tyson&#x27;s stock has fallen 4.7% in the same time, giving it a market value of $24.9 billion.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/02\/25\/mcdonalds-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-analyst.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>McDonald&#x27;s new chicken sandwiches could boost all<\/p>\n","protected":false},"author":3,"featured_media":114397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>McDonald&#x27;s new chicken sandwich could boost Tyson Foods, Pilgrim&#x27;s Pride and other poultry suppliers, analyst says - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McDonald&#x27;s new chicken sandwich could boost Tyson Foods, Pilgrim&#x27;s Pride and other poultry suppliers, analyst says - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"McDonald&#x27;s new chicken sandwiches could boost all\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-25T18:31:26+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cfntalkfoto106273620-1604935214901-Screen_Shot_2019_12_09_at_105210_AM0.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/\",\"url\":\"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/\",\"name\":\"McDonald&#x27;s new chicken sandwich could boost Tyson Foods, Pilgrim&#x27;s Pride and other poultry suppliers, analyst says - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-02-25T18:31:26+00:00\",\"dateModified\":\"2021-02-25T18:31:26+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"McDonald&#x27;s new chicken sandwich could boost Tyson Foods, Pilgrim&#x27;s Pride and other poultry suppliers, analyst says\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"McDonald&#x27;s new chicken sandwich could boost Tyson Foods, Pilgrim&#x27;s Pride and other poultry suppliers, analyst says - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/","og_locale":"en_US","og_type":"article","og_title":"McDonald&#x27;s new chicken sandwich could boost Tyson Foods, Pilgrim&#x27;s Pride and other poultry suppliers, analyst says - Pre Coin News","og_description":"McDonald&#x27;s new chicken sandwiches could boost all","og_url":"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/","og_site_name":"Pre Coin News","article_published_time":"2021-02-25T18:31:26+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cfntalkfoto106273620-1604935214901-Screen_Shot_2019_12_09_at_105210_AM0.jpeg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/","url":"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/","name":"McDonald&#x27;s new chicken sandwich could boost Tyson Foods, Pilgrim&#x27;s Pride and other poultry suppliers, analyst says - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-02-25T18:31:26+00:00","dateModified":"2021-02-25T18:31:26+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/mcdonalds-new-chicken-sandwich-could-boost-tyson-foods-pilgrims-pride-and-other-poultry-suppliers-analyst-says\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/precoinnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"McDonald&#x27;s new chicken sandwich could boost Tyson Foods, Pilgrim&#x27;s Pride and other poultry suppliers, analyst says"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/114398"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=114398"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/114398\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/114397"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=114398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=114398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=114398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}