JBSAY - JBS S.A.

Other OTC - Other OTC Delayed Price. Currency in USD
14.07
-0.21 (-1.47%)
At close: 3:31PM EDT
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Previous Close14.28
Open14.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range13.97 - 14.22
52 Week Range5.05 - 16.31
Volume41,185
Avg. Volume105,849
Market Cap18.673B
Beta (3Y Monthly)0.68
PE Ratio (TTM)N/A
EPS (TTM)-0.19
Earnings DateN/A
Forward Dividend & Yield0.00 (0.01%)
Ex-Dividend Date2019-05-10
1y Target EstN/A
Trade prices are not sourced from all markets
  • Reuters

    UPDATE 1-Tyson Foods bans growth drug from U.S. hog supply as meat firms chase China demand

    Tyson Foods Inc in February will stop buying U.S. hogs raised with a growth drug banned by China, the company said on Thursday, as global meat suppliers seek an edge in boosting sales to Chinese buyers facing a huge pork shortage due to an outbreak of a fatal pig disease. The halt in the use of the drug, ractopamine, reflects a change in strategy for Tyson, company watchers say. The company previously sought to profit by filling holes in U.S. supplies that were left when industry rivals like Smithfield Foods and JBS USA sent American pork to China.

  • UPDATE 1-Pilgrim's Pride closes Tulip acquisition, strengthens position in UK pork market
    Reuters

    UPDATE 1-Pilgrim's Pride closes Tulip acquisition, strengthens position in UK pork market

    Brazil's JBS SA said on Tuesday that its subsidiary Pilgrim's Pride Corp concluded the acquisition of Tulip Ltd in the United Kingdom, where the company is seeking to strengthen its position in the market for pork. In a securities filing on Tuesday, JBS said Tulip's acquisition, valued at 290 million pounds ($367 million), was approved by Pilgrim's board and funded with cash.

  • U.S. senators call for probe of Brazilian meatpacker JBS
    Reuters

    U.S. senators call for probe of Brazilian meatpacker JBS

    Two U.S. senators called on the U.S. Treasury on Tuesday to open an investigation into the world's largest meat processing company, Brazil's JBS S.A. , due to alleged ties with the Venezuelan government of leftist President Nicolas Maduro. President Donald Trump's government has imposed sanctions on dozens of top Venezuelan officials as well as state oil company PDVSA in an effort to remove Maduro, whom it accuses of fixing elections last year and abusing human rights in the oil-rich nation. Senators Marco Rubio and Robert Menendez sent a letter to Treasury Secretary Steven Mnuchin asking for the Committee on Foreign Investment in the United States (CFIUS) to review transactions by JBS, which has bought several American meat companies in recent years, Rubio's press office said on Twitter.

  • Brazil’s JBS Should Get National Security Scrutiny, Senators Say
    Bloomberg

    Brazil’s JBS Should Get National Security Scrutiny, Senators Say

    (Bloomberg) -- JBS SA, the Brazilian meatpacking giant that spent much of the past few years battling fallout from a corruption scandal could see fresh troubles after two U.S. senators requested a review of deals made by the conglomerate.Republican Senator Marco Rubio of Florida and Senator Bob Menendez, a New Jersey Democrat, wrote to Treasury Secretary Steven Mnuchin requesting that the Committee on Foreign Investment in the U.S. review transactions made by the company, which “engaged in illicit financial activities including bribing Brazilian government officials and the business relationships with Venezuela’s illegitimate Maduro regime.”The committee, known as Cfius, is a powerful and secretive body led by the Treasury Department that reviews foreign acquisitions of American businesses for national security risks. It gained expanded authority last year amid rising concern over Chinese purchases of U.S. technology firms, and also includes the Pentagon and the Justice Department.Cfius can impose conditions on deals or recommend to the president that a transaction be blocked. It has the authority to investigate deals that have already closed, if the companies involved didn’t file for approval. This year the panel required the Chinese owner of Grindr is required to sell the popular gay-dating app by June 2020 after raising national security concerns about the app’s ownership.JBS, which started in the 1950s butchering five head of cattle a day, became the world’s largest meat producer after spending more than $20 billion on a string of acquisitions, including U.S. company Swift & Co., Smithfield Foods Inc.’s beef unit and poultry supplier Pilgrim’s Pride Corp.The company was thrown into disarray in 2017 after the brothers who control it, Wesley and Joesley Batista, admitted to bribing hundreds of politicians, including then-President Michel Temer, a scandal that almost toppled Temer’s government.In 2017, JBS said it had hired law firm Baker & McKenzie LLP to negotiate a leniency agreement with the Justice Department, though on May 31 the company said it was not under investigation by the department but simply complying with the department’s request for information.Since then, the company has recovered amid increasing demand after an outbreak of a deadly swine virus ravaged China’s pork industry. That could expand JBS’s global influence for years to come. The firm was planning to resume its planned U.S. initial public offering, though it said it wasn’t in a rush to do so.Brazilian development bank BNDES, the biggest JBS shareholder after the Batista family, played a crucial role in the meat producer’s expansion overseas. Those ties became a target of the nation’s audit court amid alleged evidence of “special treatment,” which both JBS and BNDES have repeatedly denied.“Given its admitted criminal conduct to secure loans that were used for investment” in the U.S., as well as “its growing reliance on financing from entities aligned with the Chinese government, we ask that Cfius conduct a review of JBS SA’s acquisition of U.S. companies,” Rubio and Menendez say in their letter.JBS didn’t immediately respond to a request for comment.\--With assistance from Tatiana Freitas.To contact the reporters on this story: Julia Leite in Sao Paulo at jleite3@bloomberg.net;David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: Daniel Cancel at dcancel@bloomberg.net, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 2-JBS USA to produce pork without growth drug banned by China, seeking more exports

    JBS USA will remove a growth drug banned by Beijing from its U.S. hog supply, the company said on Friday, accelerating the competition for pork exports as China grapples with a devastating pig disease. The meat packer's move away from the drug ractopamine, a feed additive, shows how companies are maneuvering to take advantage of an expected shortage in China, the world's largest pork consumer, due to African swine fever (ASF). It surfaced for the first time in Asia more than a year ago in China, and has now spread to over 50 countries, according to the World Organization of Animal Health - including those that account for 75% of global pork production.

  • Moody's

    JBS S.A. -- Moody's says conclusion of normalization agreement is credit positive for JBS S.A.

    Announcement: Moody's says conclusion of normalization agreement is credit positive for JBS S.A. New York, October 01, 2019 -- Moody's Investors Service ("Moody's") comments that JBS S.A. (Ba3 stable) announcement of the completion of debt payments under the Normalization Agreement is credit positive for JBS because it releases about BRL7.8 billion in collateral and reduces liquidity risk with the reduction of shorter-term debt maturities. This publication does not announce a credit rating action.

  • UPDATE 3-Corporate fallout for Brazil heats up despite signs Amazon fires may be slowing
    Reuters

    UPDATE 3-Corporate fallout for Brazil heats up despite signs Amazon fires may be slowing

    BRASILIA/RIO DE JANEIRO, Aug 29 (Reuters) - Fires in Brazil's Amazon rainforest have receded slightly since President Jair Bolsonaro sent in the military to help battle the blazes, but international fallout accelerated as a major shoemaker said it would not buy supplies from Brazil. Brazil has registered 2,696 fires in the Amazon in the five days since Saturday, when the military began on-the-ground firefighting efforts, according to data from Brazil's space research agency INPE.

  • Moody's

    JBS Investments II GmbH -- Moody's announces completion of a periodic review of ratings of JBS S.A.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of JBS S.A. New York, August 21, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of JBS 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.

  • Reuters

    JBS mulls acquisitions and U.S. listing after strong second quarter, shares soar

    Brazilian meatpacker JBS SA will consider acquisitions to make the most of opportunities in export markets but only in geographies where it already operates to guarantee synergies among existing businesses. In a conference call to comment on second quarter results on Thursday, Chief Executive Gilberto Tomazoni said the company would analyze acquisitions while still maintaining a "financial discipline" after about two years of working to reduce debt and the cost of capital. The company, which operates in four continents, reported strong second quarter results on Wednesday, driven by demand in Asia, a recovery of margins at its Seara processed foods business in Brazil and the strength of its U.S. chicken and pork operations.

  • Reuters

    UPDATE 2-Brazil's JBS posts strong second quarter results, bolstered by Asian demand

    JBS SA, the world's largest meatpacker, on Wednesday reported net income of 2.184 billion reais ($539 million) in the second quarter, beating analysts' expectations as an outbreak of African swine fever in Asia boosted exports. JBS, which produces food in four continents, said net revenues grew by 12.5% in the quarter to 50.8 billion reais. "The global protein market is expanding at an annual 2% as the world's population is growing," JBS said in its earnings statement.

  • Reuters

    UPDATE 2-Pork producers win dismissal of price-fixing lawsuits -U.S. judge

    A federal judge on Thursday dismissed antitrust lawsuits accusing several U.S. pork companies of conspiring to limit supply in the $20 billion-a-year market, in order to inflate prices and their own profits at the expense of consumers and other purchasers. Chief Judge John Tunheim of the federal court in Minneapolis said the plaintiffs failed to show "parallel conduct" among the companies, whose combined U.S. market share exceeds 80%, to suggest they had conspired beginning in 2009 to fix prices. The defendants included Hormel Foods Corp, the JBS USA unit of Brazil's JBS SA, WH Group Ltd's Smithfield Foods Inc, and Tyson Foods Inc, among others, as well as data provider Agri Stats Inc.

  • Reuters

    UPDATE 1-Brazil's JBS invests in new biodiesel plant amid clean fuel push

    A unit of Brazil's JBS SA plans to invest 180 million reais ($47.5 million) to build a biodiesel plant entering service by 2021, as the company looks to cash in on Brazil's accelerating clean fuel drive, according to a statement on Tuesday. Seara Alimentos, JBS' processed foods unit, will use fat and scraps from pork and poultry as raw material for biodiesel. JBS, the world's largest meat producer, added the new plant in Santa Catarina state will double the company's biodiesel capacity to over 600 million liters per year.

  • Reuters

    Brazil's JBS to invest $47.5 mln in new biodiesel plant

    Seara, the processed foods unit of Brazil's JBS SA, will invest 180 million reais ($47.5 million) to build a new biodiesel plant entering service by 2021, according to a statement on Tuesday. JBS said the new plant in Santa Catarina state will double the company's biodiesel capacity to over 600 million liters per year.

  • Moody's

    JBS USA Lux S.A. -- Moody's assigns Ba3 to JBS USA proposed $1 billion notes

    Moody's Investors Service, ("Moody's") has assigned a Ba3 rating to $1 billion of proposed unsecured 10-year notes to be co-issued by JBS USA Lux S.A. ("JBS USA"), JBS USA Finance, Inc. ("JBS USA Finance") and JBS USA Food Company ("JBS USA Food"). The co-issuers are indirect wholly-owned subsidiaries of Brazil based JBS S.A. (Ba3 stable, the "parent").

  • Moody's

    JBS Investments II GmbH -- Moody's assigns Ba3 rating to JBS's proposed notes; stable outlook

    Moody's Investors Service ("Moody's") assigned a Ba3 rating to the proposed senior unsecured notes to be issued by JBS Investments II GmbH ("JBS") and fully guaranteed by JBS S.A. Net proceeds will be used primarily for liability management purposes, addressing shorter maturity and secured debt instruments, mostly represented by trade finance lines with Brazilian banks. As a result, the transaction will not have a material effect on JBS's leverage and will result in a more comfortable maturity profile, with lower liquidity risk.

  • Reuters

    UPDATE 1-Brazil's JBS buying cattle from deforested Amazon land -report

    Brazilian food processor JBS SA has been buying cattle from ranchers operating on deforested land in the Amazon that the government had said must not be used for grazing, a newspaper report said on Tuesday. Repórter Brasil, the Bureau of Investigative Journalism and The Guardian reported that a JBS supplier in the northern Brazilian state of Pará had been raising cattle in a deforested area that had been embargoed by the environment agency Ibama. In a statement sent to Reuters, JBS said that monitoring indirect cattle suppliers was challenging for the entire meat-packing sector due to a lack of public databases that would allow development of a proper monitoring system.

  • Reuters

    Meat-loving Brazil joins the search for plant-based alternatives

    Beef-crazy Brazil, with its all-you-can-eat steak houses, world-leading meatpackers and more cattle than people, is not the first place you might look for plant-based alternatives to meat. Such "plant-based meats" generally use a processed mix of protein from soybeans or peas, for example, blended with mushrooms or vegetables such as beets to approach a texture, appearance and taste similar to animal products. Brazil's cattle population has grown to around 215 million, while the country has about 210 million residents, according to official statistics agency IBGE.

  • Reuters

    Brazil May chicken exports to China rise close to 50% amid ASF outbreak

    Brazilian chicken exports to China grew by 49% in May compared to the same period last year as the Asian nation imported more meat to deal with an outbreak of African swine fever (ASF) that has impacted domestic production. Brazil, the world's largest chicken exporter, shipped 381,100 tonnes last month to overseas customers, a 14.4% increase, according to a statement from meat industry group ABPA on Friday. China represented almost 15% of shipments, the ABPA data showed, and was Brazil's main chicken export destination last month.

  • Reuters

    BRF board minority resisted merger talks with Marfrig -sources

    Management at Brazilian food processor BRF SA has met with resistance from a minority of its board to talks on a potential merger with Marfrig SA that would create one of the world's largest meat producers, three people with knowledge of the matter said. The sources, who asked for anonymity to discuss confidential deliberations, said that BRF's 10 directors did not unanimously approve the exclusive talks with Marfrig. Dissenters questioned how a tie-up would fit with the strategy of Chairman and Chief Executive Pedro Parente to cut debt, sell assets and restructure operations after a string of losses.