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MRRTY / Marfrig on Sale With Rise in Beef and Weak Brazilian Stock Market

Brazilian beef packer Marfrig Global Foods SA ( MRRTY , Financial)(BSP:MFRG3) is down due in part to the weakness of the Brazilian markets and thoughts that beef prices will not be as strong as in the recent past. Morgan Stanley is bullish on the stock and believes we are in a global beef super cycle, with increased imports from China and weaker production in the U.S. The stock trades for 12.24 reals ($2.26), there are 660.27 million shares and the market cap is 8 billion reals. Read More

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Posted: Jul 18 2022, 14:48

Author Name: GuruFocus

MRRTY News

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