Industrias Bachoco S.A.B. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Celaya, guanajuato., mexico--(business wire)--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 (comisiÓn nacional bancaria y de valores), and listed on the mexican stock exchange (bolsa mexicana de valores, s...

Celaya, guanajuato, mexico--(business wire)--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 obligations...

Celaya, mexico & guanajuato, mexico--(business wire)--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 benefits of maintaining the adrs program against the costs related thereto, resolved, consistent with the processes initiated more than a year ago, to initiate the processes to delist its adrs from the new york stock exchange ("nyse") and terminate its adrs program...

Celaya, mexico & guanajuato, mexico--(business wire)--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...

Celaya, mexico & guanajuato, mexico--(business wire)--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...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Industrias Bachoco (IBA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The Zacks Food - Meat Products industry players are battling manufacturing cost inflation and supply-chain headwinds. However, the rising demand for protein-rich food is aiding companies like Hormel Foods (HRL), Industrias Bachoco (IBA) and Beyond Meat (BYND).

The company has over $1 billion in cash and is trading at below 7.5x forward price to earnings. In 2022, the founding family launched a tender offer for the 26.75% they didn't own, with the idea of delisting Bachoco from both the Mexican and New York stock exchanges.

Here is how Industrias Bachoco (IBA) and Smucker (SJM) have performed compared to their sector so far this year.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

If you are looking for stocks that are well positioned to maintain their recent uptrend, Industrias Bachoco (IBA) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.