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    JBSS3   BRJBSSACNOR8

JBS S.A.

(JBSS3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 07/23
30.66 BRL   +0.16%
07/20JBS Bids to Hook Huon Aquaculture
CI
07/13JBS S A : Relatório de Sustentabilidade 2020
PU
07/09JBS S A : U.S. pledges $500 million to increase meat processing capacity
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. agriculture chief backs proposed meatpacking investigator

06/15/2021 | 12:15pm EDT

June 15 (Reuters) - U.S. Agriculture Secretary Tom Vilsack on Tuesday threw his support behind a proposal to establish a special investigator to address concerns about anti-competitive practices in the meat and poultry industries.

Republican U.S. Senators Mike Rounds of South Dakota and Charles Grassley of Iowa and Democratic Senator Jon Tester of Montana have proposed legislation to create an office for a special investigator within the U.S. Department of Agriculture.

U.S. lawmakers and the USDA are seeking to address concentration in the beef processing industry in the aftermath of a ransomware attack against meatpacker JBS SA that disrupted U.S. meat production and disruptions caused by the COVID-19 pandemic.

The proposed office would have a team of investigators, with subpoena power, dedicated to preventing and addressing anticompetitive practices and enforcing antitrust laws in meatpacking, according to a statement from the senators.

"I think it's a good proposal," Vilsack said at a congressional budget hearing. "I think it's part of what needs to be done."

Four companies including JBS in 2018 slaughtered about 85% of U.S. grain-fattened cattle that are made into steaks, beef roasts and other cuts of meat for consumers, according to the USDA.

The USDA has separately said it plans to strengthen its enforcement of a 100-year-old federal law intended to protect farmers and ranchers from unfair trade practices. The agency also said it will support increased processing capacity as part of a $4 billion initiative to strengthen the country's food system.

(Reporting by Tom Polansek in Chicago; Editing by Will Dunham)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 1.11% 159.95 End-of-day quote.15.20%
JBS S.A. 0.16% 30.66 End-of-day quote.29.59%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.29% 121.15 End-of-day quote.7.57%
All news about JBS S.A.
07/20JBS Bids to Hook Huon Aquaculture
CI
07/13JBS S A : Relatório de Sustentabilidade 2020
PU
07/09JBS S A : U.S. pledges $500 million to increase meat processing capacity
RE
07/09JBS S A : Biden presses Putin to act on ransomware attacks, hints at retaliation
RE
07/06JBS S A : Biden seeks to lift limits on farmer deals with meat processors, tract..
RE
07/06MICROSOFT : Biden says ransomware attack caused 'minimal damage' to U.S. compani..
RE
07/05Up to 1,500 businesses affected by ransomware attack, U.S. firm's CEO says
RE
07/04FIREEYE : White House reaching out with assistance to latest ransomware victims
RE
06/30JBS S A : Brazil's JBS brings forward goal of eliminating deforestation in suppl..
RE
06/30WH : Smithfield Foods to pay $83 million to settle pork price-fixing claims
RE
More news
Financials
Sales 2021 306 B 58 837 M 58 837 M
Net income 2021 10 902 M 2 097 M 2 097 M
Net Debt 2021 44 490 M 8 556 M 8 556 M
P/E ratio 2021 7,01x
Yield 2021 2,40%
Capitalization 76 421 M 14 772 M 14 697 M
EV / Sales 2021 0,40x
EV / Sales 2022 0,38x
Nbr of Employees 250 000
Free-Float 31,8%
Chart JBS S.A.
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Technical analysis trends JBS S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Last Close Price 30,66 BRL
Average target price 40,79 BRL
Spread / Average Target 33,0%
EPS Revisions
Managers and Directors
Gilberto Tomazoni Chief Executive & Operating Officer
Guilherme Perboyre Cavalcanti Chief Financial Officer
Jeremiah Alphonsus O'Callaghan Chairman
Eliseo Santiago Perez Fernandez Director-Administration & Control
Cledorvino Belini Independent Director
Sector and Competitors
1st jan.Capi. (M$)
JBS S.A.29.59%14 396
TYSON FOODS, INC.10.68%27 176
HORMEL FOODS CORPORATION1.57%25 889
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.-40.71%17 335
WH GROUP LIMITED-3.23%13 148
JUEWEI FOOD CO., LTD.-0.95%7 014