Geode Capital Management LLC Buys New Holdings in Jbs N.V. $JBS

Geode Capital Management LLC purchased a new position in Jbs N.V. (NYSE:JBS) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,127,900 shares of the company’s stock, valued at approximately $31,092,000.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC bought a new stake in shares of JBS during the second quarter valued at approximately $45,000. GAMMA Investing LLC bought a new position in shares of JBS during the second quarter worth $53,000. IFP Advisors Inc purchased a new position in JBS during the second quarter valued at $57,000. Blue Trust Inc. bought a new stake in JBS in the 2nd quarter valued at $96,000. Finally, Quinn Opportunity Partners LLC bought a new stake in JBS in the 2nd quarter valued at $146,000.

JBS Price Performance

Shares of NYSE JBS opened at $14.71 on Friday. Jbs N.V. has a 1-year low of $12.37 and a 1-year high of $17.80. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. The stock’s 50 day moving average is $13.65.

JBS (NYSE:JBS) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.74 by ($2.22). The company’s quarterly revenue was up 13.4% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JBS shares. Santander began coverage on shares of JBS in a report on Thursday, August 14th. They set a “neutral” rating for the company. Stephens reissued an “overweight” rating and set a $19.00 price target on shares of JBS in a research note on Friday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of JBS in a report on Tuesday, November 11th. The Goldman Sachs Group set a $18.50 price objective on JBS in a report on Wednesday. Finally, Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.38.

JBS Profile

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.