|Bid||11.65 x 0|
|Ask||11.66 x 0|
|Day's Range||11.50 - 11.79|
|52 Week Range||4.84 - 12.12|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.64|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Minerva S.A. New York, August 21, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Minerva S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Brazilian food processors Marfrig Global Foods SA and Minerva SA said on Friday that all seven of their plants in Uruguay have been authorized to export fresh beef to Japan. Marfrig and Minerva meat processing units in Uruguay will benefit from an agreement signed in December between the governments of Uruguay and Japan that ended a 19-year hiatus in fresh beef trade between the two nations.
BRASÍLIA, Jan 18 (Reuters) - Brazil is moving toward a self-monitoring system for food processors, Agriculture Minister Tereza Cristina Dias said on Friday, including meatpackers still recovering from an inspection scandal that hurt trade with key markets. Dias said in an interview that the South American nation's new business-friendly government plans to send draft legislation on self-monitoring to Congress in the first half of this year. Self-monitoring, widely used in the United States and other developed countries in Europe, would be introduced gradually across various agricultural products and eventually be used for oversight of meatpackers.
Moody's Investors Service (Moody's) affirmed Minerva S.A. (Minerva)'s B1 global scale rating and changed the outlook to positive from stable. The affirmation of Minerva's B1 rating and change in outlook to positive reflects the improvement in credit profile supported the company's enhanced geographic footprint in South America and deleverage strategy pursued through debt reduction. Accordingly, the capital increase of BRL 965 million (USD 257 million) recently completed allowed Minerva to amortize USD 217 million of the principal amount of its perpetual notes.
Flavio Bolsonaro, the son of Brazil's president-elect Jair Bolsonaro and one of his top aides, said on Tuesday that his father's government will move the Brazilian embassy in Israel to Jerusalem, following ...
Brazilian food company Minerva SA has signed memorandums of understanding with China's Alibaba and another five clients in the world's most populous nation to supply frozen beef for a period of five years, an executive told Reuters on Monday. The agreements will bring in an estimated $600 million in new annual export revenue after an unspecified ramp up phase, Iain Mars, chief executive of Athena Foods, the company division that operates plants beyond its Brazil headquarters, told Reuters in an interview. In a presentation to investors and analysts earlier in the day, Mars said China had an "insatiable appetite" for beef from South America.
Brazilian meatpacker Minerva SA has hired Banco BTG Pactual SA and JPMorgan Chase & Co as coordinators for the initial public offering of its international unit Athena Food in Chile, two people with knowledge of the matter said. Among other institutions that will help manage the offering are HSBC Holdings Plc and Chile's Larrain Vial SA Corredora de Bolsa, the sources added, asking for anonymity because discussions are private.