|Bid||22.52 x 0|
|Ask||23.00 x 0|
|Day's Range||22.59 - 23.34|
|52 Week Range||17.83 - 31.17|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.55|
Latin American currencies were mixed on Friday with the Mexican peso slipping against a strong dollar but Brazil's real rising, bucking a negative trend among its emerging market peers as investors cheered ...
A Brazilian prosecutor investigating whether food processor BRF SA colluded with a laboratory group to evade food safety rules gave the country's agriculture ministry a 10-day deadline to share findings from its own administrative probe related to the scandal, according to a court filing dated Thursday. Federal prosecutor Lyana Helena Joppert Kalluf has also lifted a confidentiality order on part of the information related to a criminal probe she oversees, a move designed to give "transparency" to the ongoing proceedings, the filing showed. The prosecutor is requesting information related to the agriculture ministry's move to suspend Mérieux NutriSciences Brasil's laboratories following the start of a federal police investigation into an alleged scheme to avoid food safety checks.
Moody's Investors Service, Inc. ("Moody's") has assigned Baa2 ratings to $2.8 billion of senior unsecured notes being offered today by Tyson Foods, Inc. ("Tyson") in multiple tranches. Today's offering includes two new debt instruments in 7- and 10-year tranches and an add-on to the existing $500 million 5.1% notes due September 2048 that were issued last September. Completion of the offering will significantly improve Tyson's liquidity profile, which has been burdened with $3.1 billion of near-term debt maturities and only about $1.4 billion of cash and unused capacity under its $1.75 billion revolving credit facility that backs its commercial paper program.
Brazilian food processor BRF SA recalled almost 500 tonnes of fresh chicken products on Wednesday due to salmonella contamination worries, in a move affecting several key export markets in Asia, Africa and the Middle East. The recall deals another blow to the food processor, which is struggling under trade bans in the European Union after accusations that it colluded with health inspectors and accredited laboratories to evade food safety checks. BRF said in a regulatory filing it was recalling 164.7 tonnes of fresh chicken destined for the domestic market and another 299.6 tonnes destined for the international market as a precautionary measure.
Brazilian food processor BRF SA said on Wednesday that a decision to recall fresh chicken products due to possible salmonella contamination affected nine export destinations. A spokeswoman told Reuters ...
Brazilian food processor BRF SA recalled 164.7 tonnes of fresh chicken destined for sale in the domestic market due to the risk of salmonella contamination, according to a securities filing on Wednesday. BRF also said it removed another 299.6 tonnes of fresh chicken destined for the international market as a precautionary measure for the same reason.
Moody's Investors Service ("Moody's") comments that the sale of BRF S.A.'s (Ba2 negative) operations in Europe and Thailand to Tyson International Holding Co, a subsidiary of Tyson Foods, Inc. (Baa2 stable) is credit positive as it will support the company's deleveraging strategy.
Brazilian food processor BRF SA on Thursday fell short of raising 5 billion reais at the end of an asset sale program, causing shares of the world's largest chicken exporter to drop by almost 5 percent. In a securities filing, BRF said it had completed all divestitures after agreeing to sell its units in Europe and Thailand to Tyson Foods for $340 million. BRF said it raised a total of 4.1 billion reais ($1.10 billion) from the divestitures and other initiatives to raise cash, including issuance of securitized receivables and sale of non-core assets like real estate.
Brazilian food processor BRF SA will not pursue additional asset sales after falling short of reaching a target of 5 billion reais from divestitures and other initiatives to raise cash, management said ...
Brazilian food processor BRF SA has agreed to sell its units in Europe and Thailand to Tyson Foods, valuing them at $340 million, but postponed a debt reduction, according to a securities filing on Thursday. BRF said it will take longer than expected to lower its debt to EBITDA ratio to 3 times, previously predicted for December 2019.
Brazilian poultry processor BRF said on Wednesday it expected to restore chicken exports to Saudi Arabia to previous levels in three months after one of its plants lost its certification to export to the Middle Eastern country. BRF said the suspended plant, known as Lajeado, had been exporting around 6,500 tonnes per month of chicken products to Saudi Arabia before the kingdom sharply reduced the number of authorized Brazilian exporters. The Brazilian government on Tuesday published a list of 25 meat processors with valid export permits to Saudi Arabia.
SAO PAULO/BRASILIA (Reuters) - China's Ministry of Commerce has accepted an offer made by Brazilian chicken exporters to resolve a dumping dispute, a lawyer told Reuters on Monday, lifting shares of Brazil-based chicken exporter BRF SA. The agreement, which sets minimum prices for sales to China to end a dumping probe that started in August 2017, will take effect by Feb. 18, Marques said, a date marking the end of formal proceedings.
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 Latin America Agente de Calificación de Riesgo S.A., (Moody´s) has downgraded Quickfood S.A.'s guaranteed senior unsecured notes' ratings to B2/A2.ar from Ba2/Aaa.ar following the acquisition by Marfrig Global Foods S.A. (Marfrig, B2 stable) of 91.89% of the capital of Quickfood from BRF S.A. (Ba2 negative). The outlook of the guaranteed notes was changed to stable from negative. The B2 rating and stable outlook of the guaranteed senior unsecured notes reflect the B2 rating and stable outlook of its new guarantor, Marfrig.
It was a rough fourth quarter for many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 7% during October and average hedge fund losing about 3%. The Russell 2000, composed of smaller companies, performed even worse, trailing the S&P by about […]
Brazilian meat industry association ABPA on Wednesday formally submitted a proposal to raise prices for chicken exports to China, in a bid to lift anti-dumping deposits on the Brazilian product, an attorney representing the group said. Claudia Marques, a partner at MPA Trade Law, said in an interview that China's Ministry of Commerce will now formally say whether it accepts the terms proposed by ABPA. The anti-dumping deposits on Brazil's chicken exports into China range from 18 percent to 38 percent, Marques said.
Brazilian food processor BRF SA has sold Argentine chicken plant Avex SA for $50 million, the company said in a securities filing on Wednesday. The plant was bought by Granja Tres Arroyos and Fibrel, as ...
Rating Action: Moody's assigns definitive ratings to senior and mezzanine shares of FIDC Clientes BRF, a Brazilian trade receivables securitization. Global Credit Research- 14 Dec 2018. BRL 787.5 million ...
“Market conditions are changing. The continued rise in interest rates suggests we are in the early stages of a bond bear market, which could intensify as central banks withdraw liquidity. The receding tide of liquidity will start to reveal more rocks beyond what has been exposed in emerging markets so far, and the value of […]
Brazilian food processor BRF SA said on Friday it had sold Quickfood SA, an Argentine unit, to Marfrig Global Foods SA for $60 million. BRF also said in a securities filing it agreed to sell its plant ...
NEW YORK, Nov. 28, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Brazilian food processor BRF SA does not believe the government of far-right President-elect Jair Bolsonaro will move Brazil’s embassy in Israel, a measure which could be detrimental to a profitable trade ...
Moody's America Latina has assigned provisional ratings of (P) Baa3 (sf) (Global Scale, Local Currency) and (P) Aaa.br (sf) (Brazilian National Scale) to the senior shares, (P) Ba3 (sf) (Global Scale, ...