|Bid||5.39 x 29200|
|Ask||6.55 x 900|
|Day's Range||6.00 - 6.16|
|52 Week Range||4.65 - 12.27|
|Beta (3Y Monthly)||0.59|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.86|
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 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, ...
A sprawling Brazilian probe into alleged cheating on food safety checks by BRF SA and other firms is entering its final weeks, according to authorities and court documents, with more criminal charges potentially on their way before year-end. Prosecutors are slated to decide whether to charge BRF's former chairman Abílio Diniz and more than 40 others once a Nov. 20 deadline passes for police to gather evidence about what they say are pervasive violations of food safety protocols dating back to at least 2015. The probe, which kicked off in March 2017 and expanded a year later, has examined the relationship between food processors, Agricultural Ministry health inspectors and laboratories with a mandate to certify the safety of meat sold domestically and in markets like China, Japan, the Middle East and Europe.
SAO PAULO/BRASILIA (Reuters) - A proposal by Brazil's next president to relocate its embassy in Israel, following U.S. President Donald Trump's lead, may set off a diplomatic storm in the Muslim world, threatening a key market for the world's largest meat companies. Brazil is by far the world's largest exporter of halal meat, which complies with Muslim dietary rules. President-elect Jair Bolsonaro's plans to move Brazil's embassy from Tel Aviv to Jerusalem, strengthening relations with Israel, has already upset Egypt and could soon stir trouble with other Islamic nations.
Brazilian food processor BRF SA has received 14 non-binding offers for its Argentine assets and eight for assets based in Thailand and Europe, as it presses on with plans to raise cash and reduce leverage, ...
Brazilian food processor BRF SA posted a wider-than-expected quarterly loss on Thursday as trade embargoes, a drop in sales volumes and higher feed prices weighed on management's efforts to turn the company around. BRF, the world's largest chicken exporter, said the average price of whole chicken in Brazil rose about 10 percent from last year as the market tightened in the face of higher grain costs. The trade embargoes, introduced after Europe found gaps in Brazil's food inspection procedures, more than halved direct BRF poultry sales to Europe and Eurasia, which totaled 8,000 tonnes last quarter compared with 17,000 tonnes a year ago.
Brazil's Deputy Agriculture Minister Eumar Novacki told Reuters on Friday a total of 15 meatpacking plants were subject to unannounced audits on Thursday as part of a new food inspection protocol coordinated directly from Brasília. The new policy of unannounced inspections is part of government efforts to ensure meatpackers comply with quality and safety standards after a sprawling food sector investigation unveiled evidence of companies evading official controls and sparked export bans. The firms targeted by the ministry's unscheduled inspections included BRF SA and other meat-packers the official declined to name.
Brazil's agriculture ministry has opened its own corruption probe into police allegations that BRF SA, the world's largest chicken exporter, evaded food safety standards, a ministry official said on Wednesday. The investigation, announced in the official gazette on Oct. 17, does not name any companies. It follows the release two days earlier of a report by federal police claiming BRF allegedly adulterated documents to dodge food safety and quality checks.
Brazil's BRF SA the world's largest chicken exporter, said on Friday it has been cooperating with authorities handling a probe into whether it colluded with health officials to evade food safety checks, lifting its shares 1 percent in early trading. Reuters reported exclusively on Sept. 12 that federal prosecutors leading the probe were seeking cooperation from the firms involved in return for more lenient penalties. The scandal involving food processor BRF, has disrupted production and caused the temporary closure of export markets to certain Brazilian meat producers.
Brazilian food company BRF SA , which is being investigated for allegedly colluding with health inspector officials to evade food safety checks, said on Friday it has been cooperating with the authorities ...
Brazilian food processor BRF SA is negotiating a possible leniency deal with authorities regarding its role in a far-reaching scheme to undermine Brazil's food inspection system, local newspapers reported on Thursday. BRF has proposed that as part of the leniency deal, it will detail the system of bribes that it paid out to Ministry of Agriculture officials.
Brazilian police have referred two former executives of food processor BRF SA (BRFS3.SA) to federal prosecutors in an investigation into food safety that disrupted meat production in 2017, documents seen by Reuters showed on Monday. The allegation is that former BRF Chairman Abilio Diniz and former Chief Executive Officer Pedro de Andrade Faria did not disclose damaging information when they were at the company.
Executives at Brazilian food processor BRF SA detailed a turnaround plan on Monday, saying the company plans to conclude asset sales in December and naming a successor to Chief Executive Pedro Parente. Parente, who will stay on as chairman, said Chief Operating Officer Lorival Luz would succeed him as CEO, with the transition expected to be complete in mid-2019. Parente was named chairman and CEO in June as part of a management overhaul demanded by investors after consecutive money-losing quarters accompanied by allegations BRF sought to evade food safety checks for its meat.
Chief Executive Pedro Parente of Brazilian meatpacker BRF SA said on Monday that current Chief Operating Officer Lorival Luz would succeed him in the CEO role. Parente told investors and analysts after ...