Industrias Bachoco SAB de CV

Industrias Bachoco SAB de CV is a holding company, which engages breeding, processing, marketing poultry, such as chicken, eggs, balanced feed, swine, and other products. It operates through Poultry and Other segments. The Poultry segment includes chicken and egg operations. The Other segment consists of operations of swine, balanced feed for animal consumption and other by-products. The company was founded in 1952 and is headquartered in Celaya, Mexico.

Earnings data Q1 2023

Earnings data Q2 2023

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.

Is Industrias Bachoco (IBA) Stock Undervalued Right Now?

Minimum wage changes and other worker rights legislation doesn't hit Bachoco much, but the situation around grain prices and dislocation in Ukraine remains a problem. Gross profits are falling as revenues hit slight bumps.

Industrias Bachoco Is Holding Strong, But Slight Pressure Coming

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.

Bachoco Announces Purchase of Block of Shares

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Hormel Foods

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).

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CELAYA, Mexico & GUANAJUATO, Mexico--(BUSINESS WIRE)--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.

Industrias Bachoco Announces Fourth Quarter and Full Year 2022 Results

CELAYA, Mexico & GUANAJUATO, Mexico--( BUSINESS WIRE )--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.

Industrias Bachoco Announces CEO Retirement

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.

Bachoco Looks Cheap And Another Tender Offer Might Be On The Way

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

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Should Value Investors Buy Industrias Bachoco (IBA) Stock?

Are Investors Undervaluing Industrias Bachoco (IBA) Right Now?

CELAYA, Mexico & GUANAJUATO, Mexico--( BUSINESS WIRE )--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.

Bachoco Reaches an Agreement to Acquire Norson, in Mexico

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.

Industrias Bachoco (IBA) is on the Move, Here's Why the Trend Could be Sustainable

CELAYA, Mexico & GUANAJUATO, Mexico--( BUSINESS WIRE )--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 Mexico offer, and were effectively accepted by the Offeror. As a result of the foregoing, the Offeror, including affiliates and related parties, would directly or indirectly own 87.7% of Bachoco's capital stock.

Bachoco Announces Final Results of the Offering for its Shares

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CELAYA, Mexico & GUANAJUATO, Mexico--(BUSINESS WIRE)--Industrias Bachoco S.A.B.

Bachoco Announces Results of the Offering for its Shares

Industrias Bachoco (IBA) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Industrias Bachoco, S.A. de C.V. (IBA) Hits Fresh High: Is There Still Room to Run?

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Industrias Bachoco (IBA) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Recent Price Trend in Industrias Bachoco (IBA) is Your Friend, Here's Why

Industrias Bachoco (IBA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Industrias Bachoco (IBA) Stock

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

Is Industrias Bachoco (IBA) Stock Outpacing Its Consumer Staples Peers This Year?

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News for Industrias Bachoco SAB de CV Stock (IBA)