Industrias Bachoco, S.A.B. de C.V. (IBA) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its holdings in shares of Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) by 1.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 166,011 shares of the company’s stock after selling 1,930 shares during the period. Dimensional Fund Advisors LP’s holdings in Industrias Bachoco were worth $9,569,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IBA. Allianz Asset Management GmbH boosted its position in shares of Industrias Bachoco by 1.4% in the first quarter. Allianz Asset Management GmbH now owns 164,564 shares of the company’s stock valued at $10,194,000 after acquiring an additional 2,194 shares during the period. Everett Harris & Co. CA boosted its position in shares of Industrias Bachoco by 1.1% in the second quarter. Everett Harris & Co. CA now owns 99,717 shares of the company’s stock valued at $5,759,000 after acquiring an additional 1,124 shares during the period. Sarasin & Partners LLP boosted its position in shares of Industrias Bachoco by 10.0% in the second quarter. Sarasin & Partners LLP now owns 110,000 shares of the company’s stock valued at $6,353,000 after acquiring an additional 10,000 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Industrias Bachoco by 388.4% in the second quarter. Russell Investments Group Ltd. now owns 2,989 shares of the company’s stock valued at $174,000 after acquiring an additional 2,377 shares during the period. Finally, Royce & Associates LP boosted its position in shares of Industrias Bachoco by 5.2% in the second quarter. Royce & Associates LP now owns 216,806 shares of the company’s stock valued at $12,495,000 after acquiring an additional 10,631 shares during the period. 3.63% of the stock is owned by hedge funds and other institutional investors.

IBA opened at $49.94 on Friday. Industrias Bachoco, S.A.B. de C.V. has a twelve month low of $49.49 and a twelve month high of $64.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.29 and a quick ratio of 2.52. The stock has a market cap of $2.62 billion, a P/E ratio of 10.13 and a beta of 0.18.

Industrias Bachoco (NYSE:IBA) last posted its quarterly earnings data on Monday, July 23rd. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.64 by ($0.06). Industrias Bachoco had a return on equity of 14.54% and a net margin of 8.69%. The firm had revenue of $815.90 million for the quarter, compared to the consensus estimate of $740.25 million. As a group, analysts anticipate that Industrias Bachoco, S.A.B. de C.V. will post 3.45 EPS for the current fiscal year.

IBA has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Industrias Bachoco from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. JPMorgan Chase & Co. cut shares of Industrias Bachoco from an “overweight” rating to a “neutral” rating in a research report on Friday, October 5th.

About Industrias Bachoco

Industrias Bachoco, SAB. de C.V., through its subsidiaries, operates as a poultry producer in Mexico and the United States. It primarily engages in the breeding, processing, and marketing of chicken, eggs, swine, balanced animal feed, and other meat products. The company also produces and distributes chicken, turkey, and beef value-added products, as well as medicines and vaccines for animal consumption; provides administrative and operating services; and elaborates and commercializes balanced animal feed and pet treats.

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Institutional Ownership by Quarter for Industrias Bachoco (NYSE:IBA)

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