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JBS S.A. (JBSAY)

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12.60+0.15 (+1.17%)
At close: 3:58PM EDT
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Neutralpattern detected
Previous Close12.45
Open12.69
Bid0.00 x 0
Ask0.00 x 0
Day's Range12.58 - 12.88
52 Week Range6.66 - 12.88
Volume67,376
Avg. Volume85,837
Market Cap16.209B
Beta (5Y Monthly)0.38
PE Ratio (TTM)20.38
EPS (TTM)0.62
Earnings DateN/A
Forward Dividend & Yield0.15 (1.28%)
Ex-Dividend DateApr 29, 2021
1y Target EstN/A
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  • Brazil's JBS to buy plant-based meat company Vivera
    Reuters

    Brazil's JBS to buy plant-based meat company Vivera

    Brazil's JBS will buy Dutch vegetable-based protein company Vivera for 341 million euros ($408.11 million), as the world's largest meatpacker expands its offerings to appeal to those who want to eat less meat, it said in a securities filing on Monday. JBS shares were up 4% on Monday afternoon as analysts cheered the meatpacker's move into the fast-growing, value-added vegetarian sector. JBS "is back in M&A mode," BTG Pactual wrote in a client note, highlighting that the company has now announced six acquisitions in the last two years.

  • Bloomberg

    JBS Expands Plant-Based Food Products With Vivera Acquisition

    (Bloomberg) -- JBS SA, the world’s largest meat supplier, said it signed a binding proposal to acquire Dutch plant-based food producer Vivera BV, expanding its presence in the fast-growing segment.The company plans to pay 341 million euros ($408 million) for Vivera, which has three facilities in the Netherlands and a research center, according to a filing to Brazil’s securities regulator. Vivera, which has about 80 million euros in revenue, has a portfolio of 50 different food items and sells its products in 25 European countries.With the acquisition, which still requires regulatory approval, JBS will also have its own plant-based production in Europe and expand its presence in the meatless space.READ: JBS Is Said to Lead Bidding for Plant-Based Food Producer Vivera“This acquisition adds a lot of strategic value as Vivera is the Europe’s third-biggest plant-based food producer,” JBS Chief Executive Officer Gilberto Tomazoni said in an interview.Industry revenue from plant-based meat, eggs and dairy alternatives are set to reach $290 billion by 2035, or 11% of the animal protein market, according to Boston Consulting Group. JBS, like U.S. rival Tyson Foods Inc., entered the plant-based market in 2019, and its teams across the globe have been developing products.The company already has a sizable footprint in Brazil, where it has 57% of the plant-based burger market. In Europe, its Moy Park subsidiary supplies faux chicken burgers. It also has 10 plant-based products in more than 3,000 U.S. stores under the OZO brand, where sales rose 300% last year.Earlier this year, Tomazoni said JBS has considered setting up a new global company focused solely on plant-based products.“The deal strengthens our position in the alternative meat segment, paving the way for our plans to be a big player,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Bloomberg

    JBS Leads Bidding for Plant-Based Food Producer Vivera

    (Bloomberg) -- JBS SA, the owner of poultry brand Pilgrim’s Pride Corp., is emerging as the frontrunner to buy Dutch plant-based food producer Vivera, people with knowledge of the matter said.The Brazilian company is in advanced talks on a potential acquisition of Vivera, which is backed by mid-market private equity firm Gilde Buy Out Partners, according to the people. A deal could value Vivera at about 300 million euros ($360 million) to 400 million euros, the people said, asking not to be identified because the information is private.The purchase would help JBS, the world’s biggest meat supplier, tap into booming consumer demand for animal-product substitutes. Expanding in this area can also allow traditional food companies to address their sustainability footprint amid increasing pressure from environmentally-conscious investors.Meatpackers like JBS have been trying to move past what’s been a difficult period for the industry during the coronavirus pandemic. Companies struggled last spring to contain Covid-19 outbreaks among workers, forcing many plants to reduce output, and JBS had to send thousands of U.S. employees home last year.Legacy Meat CompaniesVivera has also attracted interest from other large consumer companies, the people said. No final agreements have been reached, and talks could fall apart or another buyer could emerge, according to the people.A representative for JBS couldn’t immediately provide comment, while spokespeople for Vivera and Gilde declined to comment.JBS said last month it was actively seeking acquisition opportunities after it beat earnings estimates with record cash flow in 2020. The company offers a range of plant-based products in the U.S., while in Europe, its Moy Park subsidiary supplies faux chicken burgers.Industry revenue from plant-based meat, eggs and dairy alternatives are set to reach $290 billion by 2035, or 11% of the animal protein market, according to Boston Consulting Group. JBS Chief Executive Officer Gilberto Tomazoni said in a February interview that demand for faux burgers was growing so rapidly that it would likely set up a new global company focused solely on plant-based products.Consumer interest has soared after startups like Beyond Meat Inc. and Impossible Foods Inc. popularized veggie burgers that imitate real beef, prompting the likes of McDonald’s Corp. and Starbucks Corp. to add alternative meat items to their menus. Nestle SA has been growing its plant-based business, while Unilever Plc acquired Dutch plant-based brand The Vegetarian Butcher in 2018.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.