GREELEY, Colo. – The board of directors at Pilgrim’s Pride Corp. approved a new $150 million share repurchase program for the company’s common stock. Over the next 12 months, Pilgrim’s plans to buy back shares through various means such as open market purchases, privately negotiated transactions, derivatives and/or accelerated share repurchase programs.

“The extent to which the company repurchases its shares and the timing of such repurchases will vary and depend upon market conditions and other corporate considerations, as determined by the company’s management team,” Pilgrim’s said in a news release.