|Bid||9.22 x 2900|
|Ask||9.36 x 4000|
|Day's Range||9.14 - 9.54|
|52 Week Range||4.75 - 9.96|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.47|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Quickfood S.A. New York, August 21, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Quickfood 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.
Brazilian meatpackers BRF SA and Marfrig Global Foods SA said on Thursday that they had mutually agreed to call off negotiations for a possible merger that were going on for a month. The two companies said in securities filings they had ended the talks because they could not agree on the governance structure of the potentially merged company. Two sources with knowledge of the matter said key shareholders, such as founding families of BRF SA, Fontana and Furlan, and pension funds such as Previ and Petros, were against the proposed merger, mainly due to the expected prominence of Marcos Molina, founder and Marfrig Chairman, in the management of the future company.
Moody´s Latin America Agente de Calificación de Riesgo S.A., (Moody´s) has upgraded Quickfood S.A.'s guaranteed senior unsecured notes' ratings to B1/Aa3.ar from B2/A2.ar following the upgrade of the guarantor's ratings, Marfrig Global Foods S.A. (Marfrig, B1 stable), to B1 with stable outlook on July 4, 2019. At the same time, Moody's has affirmed Quickfood's corporate family rating (CFR) at B3/Baa2.ar.
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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.
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.
Announcement: Moody's says potential merger between Marfrig and BRF is credit positive. Global Credit Research- 04 Jun 2019. New York, June 04, 2019-- Moody's Investors Service comments that the potential ...
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.
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.
Brazilian food processors BRF SA and Marfrig Global Foods SA on Thursday opened 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.
The boards of Brazilian food processors BRF SA and Marfrig Global Foods SA have agreed to open discussion on a potential merger of the two companies that would create one of the world's largest meat producers, ...
Brazil's Ministry of Agriculture officially banned three laboratories from conducting food inspections over their involvement in a food safety testing scandal that ensnared meatpacker BRF SA, according to decisions published in the official government gazette on Wednesday. The three laboratories run by Merieux NutriSciences Corp in Brazil, which performed testing on BRF products, are no longer authorized to process samples under the ministry's official control program, according to the decisions. BRF and the Agriculture Ministry did not immediately reply to requests for comment.
Executives at Brazilian food company BRF SA have recently traveled to Saudi Arabia to discuss ways in which to expand its presence in that key market, according to management remarks to journalists on ...
U.S. markets however, opened lower after President Donald Trump said he was in "absolutely no rush" to finalize a trade agreement with China. MSCI's index of Latin American stocks slid about 0.5% on the trade-related jitters and weakness in Brazil's Bovespa which came on the back of some disappointing earnings. BRF, the world's largest chicken exporter, slid 2.5% after the company said it lost money for the third consecutive quarter grappling with higher feed costs and trade restrictions in key markets such as Saudi Arabia.