Pioneer Food Group Limited. JSE: PFG

Pioneer Foods shares

Background of Pioneer Foods

  • The Pioneer Food Group (Pioneer Foods) is a leading fast-moving consumer goods company operating in South Africa, Botswana, Nigeria and Namibia. With a history stretching back to 1997, the group is one of the largest branded food and beverage products producers and distributors in South Africa today, servicing retail, wholesale and informal trade customers. Well-known brands for sale include Weet-Bix, Sasko, Liqui-Fruit, White Star, Spekko and Safari. In addition to a leading market share locally, the group also exports to more than 60 countries around the world.

  • The group is split into the Essential Foods (wheat, maize, rice, pasta, beans and dried vegetables) Groceries and International divisions. The Essential Foods division accounted for around 60% of revenue in 2015, with the Groceries division contributing 25% and the international division 15%

  • Pioneer Foods recorded total revenue of R18.7 billion in 2015. Pioneer Foods shares have been listed on the Johannesburg Stock Exchange (JSE) since 2008 and have a market cap of around R40 billion. The live online stocks chart shows that the shares have had a strong history of producing profits for investors who buy them.

Pioneer Foods Shares Growth Driver

  • Pioneer Foods’ performance has been muted by challenging economic conditions which have pressured the consumers’ willingness to buy products. Despite this, the group reported positive data in its latest interim results, covering the six months ended 31 March 2016. Revenue increased by 9% from the comparative period in 2015 to R10.01 billion. There was a particularly strong showing from the International division, which grew revenue by 20% and operating profit by 16% to R252 million.

  • The Groceries division enjoyed excellent operating profit growth of 36% thanks to notable volume growth, the exit of under performing categories and successful fixed cost reduction initiatives. This more than offset an 8% decline in operating profit from the Essential Foods business, which was heavily impacted by significant raw material price increases in maize and wheat.

  • The International division has remained on a strong growth path, with export volumes increasing by 7%. There was a notable rise in fruit exports, and devaluation of the rand boosted the results of subsidiaries such as Bokomo Foods UK.

  • The board anticipates has forecast that the group’s operating environment will remain challenging for the near future, but the group’s established position and strategic coherence will enable revenue growth in a constrained market.

Pioneer Foods Group Investor Tip

  • Pioneer Foods share price has fallen off from the highs of 2015, when it peaked at a record R207.99. As the economy in South Africa continues to stabilise, Pioneer Foods share price has started making gains again. The group has identified
    opportunities to enhance efficiencies and curtail costs, whilst the impressive growth of the international division helps to diversify the portfolio. Pioneer Foods shares have always been regarded as a solid buy, and may well reap rewards in the medium to long-term.

Pioneer Foods Major Shareholders

Cerula 23, GEPF, Pioneer Foods Broad-Based BEE Trust.

  • Sector

    Consumer Staples

  • Industry

    Consumer Products

  • Sub industry

    Packaged Food

How to buy Pioneer Foods Group Shares

  • Pioneer Foods : How to buy Pioneer Foods Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Pioneer Foods Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Pioneer Foods Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Pioneer Foods Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Pioneer Foods Group.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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