|Bid||5.14 x 1000|
|Ask||5.64 x 45100|
|Day's Range||5.15 - 5.33|
|52 Week Range||5.10 - 15.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.16|
Brazilian chicken exports fell by 8.5 percent in the five months through May as the world's largest exporter was hit by trade embargoes imposed by the European Union following a food-sector corruption investigation, trade group ABPA said on Thursday. ABPA said export revenue fell 12.3 percent to $2.6 billion, in tandem with volumes over the period. Shipments to the European Union fell the most, by 40 percent, ABPA said.
Brazilian food processor BRF SA is negotiating a block sale of some of its shares in smaller beef company Minerva SA, newspaper Valor Econômico said on Thursday. According to the latest figures provided in Minerva's website, BRF owns an 11.62 percent stake in Minerva, Brazil's fourth-largest listed meat company by sales. BRF began to sell shares in the market in the first week of June, contributing to a 6.6 percent decline in the price of Minerva shares this month, according to the news article.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines ECB to phase out bond-buying programme by year end https://on.ft.com/2HQeRHa ...
Pedro Parente was appointed as chief executive officer at struggling BRF SA amid hopes that the executive will replicate the successful turnaround he implemented at Brazil’s state-controlled oil company Petrobras. Speculation that Parente would take over as BRF’s CEO grew in the last few weeks as the executive came under fire at the state-run oil producer amid a truckers’ strike over the price of fuel that brought Brazil to a halt. Parente had already given a boost to BRF when he was elected chairman in April, helping end months of fighting between major shareholders.
Pedro Parente was named chief executive officer at Brazil’s struggling food giant BRF SA amid hopes that the investor-loved executive will replicate the successful turnaround he implemented at state-controlled oil company Petrobras. Parente will also continue as chairman of BRF for at least 180 days. Speculation that Parente would take over as BRF’s CEO grew in the last few weeks.
Pedro Parente, the former chief executive of state-controlled oil company Petroleo Brasileiro , has been invited to take over as CEO of Brazilian food processor BRF SA, a source familiar with the process ...
China will impose temporary anti-dumping measures on imports of Brazilian chicken meat, it said on Friday, at the same time as the United States pressures Beijing to reopen its market to American poultry products. Chinese importers of Brazilian chicken will be required to pay deposits ranging from 18.8 percent to 38.4 percent of the value of their shipments from June 9, the commerce ministry said in a statement. A preliminary ruling from the ministry found that Chinese producers had been "substantially damaged" by shipments from Brazil between 2013 and 2016, when the country supplied more than half of China's imports of chicken meat.
China will impose temporary anti-dumping measures on imports of Brazilian chicken meat, it said on Friday, at the same time as the United States pressures Beijing to reopen its market to American poultry products. Chinese importers of Brazilian chicken will be required to pay deposits ranging from 18.8 percent to 38.4 percent of the value of their shipments from June 9, the commerce ministry said in a statement.
NEW YORK, June 08, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of AC ...
Brazil's real currency hit a new two-year low on Wednesday, even as its Latin American peers gained against a weakened dollar, underlining the level of investor concern for a country coming off a massive ...
Brazilian food processor BRF SA said on Wednesday it was not aware of any "formalization" regarding a possible merger with competing food processor Minerva SA. Financial blog Brazil Journal said on Tuesday that Minerva was contacting potential investors to finance a capital increase to merge the two companies in a deal worth up to $3 billion. Minerva later said in response to the report it has not proposed any investment in a tie-up.
Previ, Brazil’s biggest pension fund, sent a letter in February demanding BRF Chairman Abilio Diniz convene a shareholder meeting to remove the entire board, including himself. After a two-month fight, Previ got its way: Investors voted in five new directors and replaced Diniz with Pedro Parente, who’s credited with turning around the country’s state-owned oil company, Petroleo Brasileiro SA. “BRF kept showing successive results that were a concern for us as shareholders,” Gueitiro Matsuo Genso, Previ’s chief executive officer, said in an interview in Sao Paulo.
WallStEquities.com has selected the following stocks for review this morning: BRF S.A. (NYSE: BRFS), Hormel Foods Corp. (NYSE: HRL), Tyson Foods Inc. (NYSE: TSN), and ACCO Brands Corp. (NYSE: ACCO). Itajai, Brazil headquartered On Tuesday, shares in BRF S.A. saw a decline of 3.51%, ending the day at $6.59.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the May 11, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased BRF S.A. (“BRF” or the “Company”) (BRFS) securities between April 4, 2013 through March 2, 2018, inclusive (the “Class Period”). To obtain information or actively participate in the class action, please visit the BRF page on our website at www.glancylaw.com/case/foot-locker-inc.
Rising grain prices and trade bans in key markets have stymied management efforts to put BRF SA in the black, Chief Executive Officer Lorival Nogueira Luz said on Friday, as the food company failed to turn a profit for the second quarter in a row. Managers said animal feed prices rose further in the second quarter, boosting production costs for the world's largest chicken exporter. "This should continue to impact our production costs in the second quarter," he said .
NEW YORK, NY / ACCESSWIRE / May 11, 2018 / The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of BRF S.A. ("BRF") ...
The price of animal feed continued to rise in the second quarter, which increased production costs for Brazil's BRF SA, Chief Executive Lorival Luz said on Friday during a discussion of the food company's ...
NEW YORK, NY / ACCESSWIRE / May 11, 2018 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against BRF S.A. ("BRF" or the "Company") (BRFS) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired BRFAmerican Depositary Receipts ("ADRs") between April 4, 2013 and March 2, 2018, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: http://www.bgandg.com/brfs. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The Sao Paulo-based company said it had a loss of 5 cents per share. The chicken, beef and pork producer posted revenue of $1.82 billion in the period. BRF shares have fallen 39 percent since the beginning ...
ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until May 11, 2018 to file lead plaintiff applications in a securities class action lawsuit against BRF S.A.
Brazilian food company BRF SA on Thursday reported its second consecutive quarterly loss as the firm reels from a food safety scandal that prompted trade bans and led it to reduce production capacity at five plants. BRF said it lost 114 million reais ($32 million) last quarter, missing a consensus estimate for net income of 14.99 million reais. BRF, Brazil's largest chicken processor, also missed a consensus estimate for earnings before interest, tax, depreciation and amortization, a gauge of operating profit, which came in at 783 million reais, some 7 percent below forecast.
SAO PAULO, May 10, 2018 /PRNewswire/ -- Net operating revenue of BRF reached 8.2 billion BRL in Q1 2018 - an increase of 5% over the same quarter of the previous year. Gross profit in the period increased 11.7%, reaching 1.5 billion BRL. Net losses declined 60.2% to 114 million BRL.