Industrias Bachoco, S.A.B. de C.V., through its subsidiaries, operates as a poultry producer in Mexico and the United States. It operates in two segments, Poultry and Others. The company is primarily involved in the breeding, processing, and marketing of chicken, eggs, swine, balanced animal feed, and other meat products. It also produces and distributes pork, fish, turkey, pet food, cattle, and beef products, as well as medicines and vaccines for animal consumption; and provides administrative and operating services. In addition, the company provides insurance coverage to its affiliates; and leases property, plant, and equipment. It sells its products through wholesalers and retailers, as well as directly to supermarkets and food-service operators. The company was founded in 1952 and is headquartered in Celaya, Mexico. Industrias Bachoco, S.A.B. de C.V. is a subsidiary of Robinson Bours Family Trust.
IPO Year: 1997
Exchange: NYSE
Website: bachoco.com.mx
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/22/2023 | $56.00 | Overweight → Neutral | JP Morgan |
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JP Morgan downgraded Industrias Bachoco SA from Overweight to Neutral and set a new price target of $56.00
JP Morgan upgraded Industrias Bachoco SAB from Neutral to Overweight and set a new price target of $50.00
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Industrias Bachoco, S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO). A national leader in the production and marketing of poultry products and other food products, informs that its Board of Directors, with the abstention in the deliberation and voting, and without the presence of, directors who are members of the Robinson Bours Family, has resolved, considering, mainly, that, to date, approximately 2.5% of the shares representing its outstanding capital stock are held by the investing public, and, therefore: (i) the costs of maintaining such shares registered in the National Securities Registry (Registro Nacional de Valores) maintained by the National Banking and Securities Commission (C
Industrias Bachoco, S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO). A national leader in the production and marketing of poultry products and other food products, informs, following previous announcements, that it has delisted its American Depositary Receipts ("ADRs"), from the New York Stock Exchange ("NYSE"), and is in the process of terminating its ADR program, and deregistering and terminating its obligations to prepare and file reports under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Bachoco filed a Form 15F, before the U.S. Securities and Exchange Commission ("SEC") on April 24, 2023, with the effect of immediately suspending its Exchange Act reporting
Industrias Bachoco, S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO). A national leader in the production and marketing of poultry products and other food products, today announced that its Board of Directors, considering, among other things: the results of the tender offer concluded on November 2022, by Edificio del Noroeste, S.A. de C.V., a vehicle controlled by the Robinson Bours Family, which together with its affiliates and related parties in the aggregate, at this date hold more than 97% of the outstanding shares issued by Bachoco; the low trading volume in the United States of America; the relatively low participation in the American Depositary Receipts ("ADRs") program and the ben
Industrias Bachoco S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO). A leader in the production and commercialization of poultry products and other food products in Mexico, announces that it has been informed by Edificio del Noroeste, S.A. de C.V., a vehicle in which current shareholders of the Robinson Bours Family participate, that said vehicle acquired today, on the Bolsa Mexicana de Valores, S.A.B. de C.V., S.A.B. de C.V., through transactions individually executed with Grupo Bursátil Mexicano, S.A. de C.V., Casa de Bolsa, in its capacity as intermediary, shares that, in the aggregate, represent 1.2% of Bachoco's capital stock. COMPANY DESCRIPTION. Industrias Bachoco is a leader in t
Industrias Bachoco S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO). A leader in the production and commercialization of poultry products and other food products in Mexico, announces that it has been informed by Edificio del Noroeste, S.A. de C.V., a vehicle in which current shareholders of the Robinson Bours Family participate, that said vehicle acquired today, on the Bolsa Mexicana de Valores, S.A.B. de C.V., S.A.B. de C.V., through transactions individually executed with Grupo Bursátil Mexicano, S.A. de C.V., Casa de Bolsa, in its capacity as intermediary, shares that, in the aggregate, represent 8.0% of Bachoco's capital stock. COMPANY DESCRIPTION. Industrias Bachoco is a leader in t
Industrias Bachoco, S.A.B. de C.V., "Bachoco" or "the Company", (NYSE:IBA, BMV:BACHOCO) announced today its unaudited results for the fourth quarter ("4Q22") and full year ("2022") ending on December 31st, 2022. All figures have been prepared in accordance with International Financial Reporting Standard ("IFRS") and are presented in nominal million Mexican Pesos ("$"). HIGHLIGHTS 2022 Net sales increased 11.2% in 4Q22 and increased 21.0% in year 2022 vs equivalent periods of 2021 respectively. EBITDA margin was 2.9% for 4Q22 and 10.0% for the whole year. Earnings per basic and diluted share totaled $0.13 for the quarter and $10.26 for the year. CEO COMMENTS Mr. Rodolfo Ramos Arviz
Industrias Bachoco S.A.B. de C.V. ("Bachoco" or "the Company") (NYSE:IBA, BMV:BACHOCO), announces today the starting of the retirement process of its Chief Executive Officer Mr. Rodolfo Ramos Arvizu. Mr. Ramos, joined Bachoco in 1980 and has held the CEO responsibility since November 2010. In Bachoco, he successfully performed as Technical Director since 1992. Prior to it, he also held several positions, from Poultry Management to Egg Quality Control Training Program, among others. Chairman of the Board Comments: Javier R. Bours, Chairman of the Board, stated, "I would like to thank Rodolfo for his commitment, work and dedication to the Company during these forty-three years. Under his l
Industrias Bachoco S.A.B. de C.V. ("Bachoco" or "the Company") (NYSE:IBA, BMV:BACHOCO), announced today that it has achieved a business agreement to acquire 100% of the capital equity of Norson Holding S. de R.L. of C.V., a vertically integrated pork producer and exporter, located in Sonora, Mexico. With more than 40 years of presence in the market, Norson is a relevant pork producer in Mexico. Norson's integration consists of genetics, hog farms, feed mills, slaughter and cut facilities, value added facilities, distributions centers and owned retail shops. Norson also participates in the export market; USA, Japan, China and Korea are their main commercial destinations. This, along with th
Industrias Bachoco S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO) announced that, after the completion of the acceptance and settlement processes of the tender offer initiated by a vehicle in which current shareholders of Bachoco participated, as offeror (the "Offeror"), for up to all of the outstanding Series "B" shares of Bachoco, including shares represented by American Depositary Receipts (ADRs), owned by the public and not owned directly or indirectly by the Offeror or its affiliates, corresponding to approximately 27% of Bachoco's outstanding capital stock as of the date of the offer, 86,589,532 shares representing Bachoco's capital stock participated in the U.S. offer and the Mex
Industrias Bachoco S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO) announced today that Casa de Bolsa BBVA México, S.A. de C.V., Grupo Financiero BBVA México and Citibanamex Casa de Bolsa, S.A. de C. V, Casa de Bolsa, a member of Grupo Financiero Citibanamex, as intermediaries, published the notice of results of the tender offer initiated by a vehicle in which current shareholders of Bachoco participated, as offeror (the "Offeror"), for up to all of the outstanding Series "B" shares of Bachoco, including shares represented by American Depositary Receipts (ADRs), owned by the public and not owned directly or indirectly by the Offeror or its affiliates, corresponding to approximately 27% o
6-K - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
15F-15D - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
25 - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
6-K - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
6-K - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
6-K - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
6-K - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
6-K - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
6-K - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
6-K - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
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SC 13D/A - Industrias Bachoco S.A.B. de C.V. (0001044896) (Subject)
SC 13D - Industrias Bachoco S.A.B. de C.V. (0001044896) (Subject)