Industrias Bachoco, S.A. de C.V. (IBA) Receiving Somewhat Favorable Media Coverage, Report Finds
Media stories about Industrias Bachoco, S.A. de C.V. (NYSE:IBA) have trended somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Industrias Bachoco, S.A. de C.V. earned a news impact score of 0.22 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.4452794502326 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Industrias Bachoco, S.A. de C.V. (NYSE IBA) traded up 2.41% on Friday, hitting $60.85. 4,648 shares of the company traded hands. The stock has a market cap of $3.04 billion, a PE ratio of 13.13 and a beta of 0.36. Industrias Bachoco, S.A. de C.V. has a 12 month low of $45.32 and a 12 month high of $62.24. The stock’s 50-day moving average is $58.92 and its 200 day moving average is $53.98.
The business also recently disclosed a special dividend, which was paid on Monday, July 17th. Investors of record on Wednesday, July 5th were issued a dividend of $0.4173 per share. This represents a yield of 1.5%. The ex-dividend date was Friday, June 30th. Industrias Bachoco, S.A. de C.V.’s dividend payout ratio is currently 18.72%.
Separately, BidaskClub upgraded shares of Industrias Bachoco, S.A. de C.V. from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th.
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About Industrias Bachoco, S.A. de C.V.
Industrias Bachoco, SAB. de C.V. (Bachoco) is a holding company. The Company owns and manages over 1,000 facilities, organized in approximately 10 production complexes and over 60 distribution centers in Mexico, and a production complex in the United States. Bachoco operates through two segments: poultry and others.
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