Brazil's BRF acquires pet food company Hercosul, considers price hike [Reuters]
BRF S.A. (BRFS)
Last brf s.a. earnings: 11/11 04:01 pm
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Source: Reuters
By Roberto Samora 1 Min Read SAO PAULO (Reuters) - Brazilian food processor BRF SA has reached an agreement to acquire pet food company Hercosul for an undisclosed amount, in a moment the company considers a price rise as corn prices skyrocketed, its Chief Executive Lourival Luz said in an interview. BRF said the acquisition is part of its plan to diversify its revenue stream and become one of the main players in the pet food segment by 2025. If concluded, the deal with Hercosul would boost BRF’s market share to 4% in this segment from 0.2%. In an interview with Reuters, Luz said the company is considering a price rise since corn prices have roughly doubled over the last 12 months and probably will not return to 2020 levels. “No company has enough margins to keep prices stable,” he said.
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BRFS
News
- BRF filed its Annual Report on Form 20-FPR Newswire
- Is BRF (BRFS) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- 22nd Century, Coffee Holding among Consumer Staples movers [Seeking Alpha]Seeking Alpha
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "neutral" rating. They now have a $3.10 price target on the stock, up previously from $1.90.MarketBeat
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating.MarketBeat
BRFS
Sec Filings
- 4/19/24 - Form 20-F
- 4/19/24 - Form 6-K
- 4/19/24 - Form 6-K
- BRFS's page on the SEC website