Marfrig traded at 16.36 this Wednesday June 24th, decreasing 0.44 or 2.62 percent since the previous trading session. Looking back, over the last four weeks, Marfrig lost 0.74 percent. Over the last 12 months, its price fell by 28.12 percent. Looking ahead, we forecast Marfrig to be priced at 14.85 by the end of this quarter and at 13.63 in one year, according to Trading Economics global macro models projections and analysts expectations.
Marfrig Global Foods SA, formerly Marfrig Alimentos SA, is a Brazil-based company primarily engaged in the processing and distribution of meat. The Company''s activities are divided into two operating segments: Marfrig Beef and Keystone. The Marfrig Beef segment is responsible for the slaughter, manufacture, distribution, import, export and marketing of beef and lamb meat. The Keystone division focuses on producing and developing multi-protein foods to serve global restaurant chains, including McDonald''s, Subway, ConAgra Foods, Campbell''s Soup, KFC, Taco Bell, Wendy''s, Heinz, and Burger King, among others. It retails meat under a range of brand names, such as Pampeano, La Morocha, Montana, Hamby, Bernina, Bassi, GJ, Angus, South Lamb, as well as Tacuarembo. The Company operates worldwide in the Americas, Asia, Europe and Oceania.