JBSAY - JBS S.A.

Other OTC - Other OTC Delayed Price. Currency in USD
14.92
+0.71 (+5.00%)
At close: 3:59PM EDT
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Previous Close14.21
Open14.54
Bid0.00 x 0
Ask0.00 x 0
Day's Range14.52 - 15.00
52 Week Range4.20 - 15.10
Volume49,111
Avg. Volume74,207
Market Cap20.295B
Beta (3Y Monthly)0.70
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
  • 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.

  • Meat Companies Aren’t Worried About Demand Amid Vegan-Burger Boom
    Bloomberg

    Meat Companies Aren’t Worried About Demand Amid Vegan-Burger Boom

    (Bloomberg) -- Vegan burgers might be all the rage, but that doesn’t mean the world’s meat-producing giants are worried about demand.The top executives at Brazil’s JBS SA and BRF SA say global demand for animal proteins will continue increasing for decades, buoyed by rising income levels and population growth in developing nations such as China and India.With protein consumption set to grow by over 70% through 2050, according to projections from the United Nations, the long-term outlook remains bright for the meat industry, JBS’s Gilberto Tomazoni and BRF’s Lorival Luz said at a Bloomberg event in Sao Paulo.“We’re seeing growth in all regions, including developed nations,” JBS Chief Executive Officer Tomazoni said. “It is a given fact.”JBS rose 3% Wednesday in Sao Paulo, the most among rivals. It was closely followed by BRF, which jumped 2.8%.Rising consumer scrutiny over health, animal welfare and environmental concerns are causing a seismic shift in the protein world as traditional meat companies face a swell of competition from plant-based producers such as Impossible Foods Inc. and Beyond Meat Inc.The beef industry is being blamed for contributing to global warming by emitting methane, while grass-fed cattle ranching is cited as a main cause for increasing destruction of the Amazon in Brazil.The Amazon Rainforest Is on Fire, and It’s Getting WorseBut the meat executives say plant products will likely play a complementary role in meeting booming protein demand. That will create an opportunity for traditional players to further diversity portfolios, according to Luz, the CEO at BRF.Meat producers are also doing more to increase sustainability than many consumers realize, and suppliers need to close the gap between perception and reality when it comes to environmental and animal welfare concerns, the executives said. Both JBS and BRF have policies that avoid sourcing from recently deforested areas.“There is a lot being done, but we do poorly on communicating it,” Luz said.Meanwhile, the spread of African swine fever will create long-term shifts for the global protein industry, the executives said.The disease has decimated the hog herd in China, the world’s biggest pork consumer. Still, the impact on demand is likely to be temporary rather than structural as the Asian nation should be able to eventually restore normal production levels.JBS Resumes Deal Making With U.K. Pork Company Acquisition The U.S. is set to benefit from rising Chinese demand even as American pork exports are curbed by tariffs amid the trade war.That’s because producers in Europe and Brazil are redirecting their supplies to China, and that will open a supply gap in other markets including Japan and South Korea, Tomazoni said. JBS is also taking advantage of its presence in Australia, which has given it privileged access to the Chinese beef market.A protein shortage in China because of swine fever is likely to boost bilateral trade agreements as part of the Asian nation’s efforts to increase supply alternatives and keep food inflation under control, Tomazoni said.It will also likely speed up Chinese investments to increase the scale and safety of production, reducing the country’s dependence on small producers, according to Luz.\--With assistance from Fabiana Batista.To contact the reporters on this story: Gerson Freitas Jr. in São Paulo at gfreitasjr@bloomberg.net;Tatiana Freitas in São Paulo at tfreitas4@bloomberg.netTo contact the editors responsible for this story: James Attwood at jattwood3@bloomberg.net, Millie MunshiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 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.

  • Reuters

    Brazil's BRF and Marfrig in talks to form meatpacking heavyweight

    Brazilian food processors BRF SA and Marfrig Global Foods SA on Thursday announced exclusive talks for a potential tie-up that would create one of the world's largest meat producers, according to securities filings. A deal could combine BRF's poultry business, which leads the world in chicken exports, and Marfrig's beef business, which is second to JBS SA globally. Two other sources close to the companies said their aim is to create a complete protein portfolio to compete with global giants such as Tyson Foods Inc and JBS.

  • Reuters

    U.S. farm aid should not benefit foreign companies -Democratic senators

    Nine Democratic senators urged the Trump administration to ensure an aid package meant to compensate U.S. farmers for losses stemming from the U.S.-China trade war does not end up in the hands of foreign companies. In a letter addressed to U.S. Agriculture Secretary Sonny Perdue, the senators said a commodity purchasing program that was part of a $12 billion aid package last year included contracts with Smithfield Foods, a subsidiary of China's WH Group, and JBS USA, owned by Brazil's JBS SA.

  • Reuters

    Brazil's JBS posts Q1 net income of $273 mln, beats analysts' estimates

    Brazil-based food processor JBS SA on Monday reported first-quarter net income of 1.09 billion reais , above analysts' estimates of a 526.19 real net income for the period, as net revenues rose across ...

  • Reuters

    JBS to ship Brazil's first chicken cargo to India

    Brazilian meat processor JBS SA said its Seara processed foods unit will start selling chicken products to India, as the group explores new markets in a year when poultry is poised to become the most demanded meat protein in the world. In a statement sent to Reuters on Thursday, JBS said Seara became the first company in Brazil authorized by India to sell chicken products in the Asian nation. India's per capita chicken consumption is forecast to increase to 2.23 kilos in 2019, up from 2.18 kilos in the previous year, as personal income rise, according data from the United Nations' Food and Agriculture Organization.

  • Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers
    Reuters

    Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers

    Tyson Foods Inc, Cargill Inc, the JBS USA unit of Brazil's JBS SA and National Beef Packing Co were accused of colluding since Jan. 2015 to suppress the price of "fed" cattle, which is cattle raised specifically for beef production, with a goal of improving margins and profitability. The 104-page complaint by the Ranchers Cattlemen Action Legal Fund United Stockgrowers of America (R-CALF) and four cattle-feeding ranchers was filed in Chicago federal court, and seeks compensatory, punitive and triple damages. It resembles litigation in the same court in which companies, including Tyson and JBS, have been accused of conspiring to fix prices of broiler chickens and pork.