Jbs N.V. $JBS Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Jbs N.V. (NYSE:JBS) by 401.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 366,840 shares of the company’s stock after buying an additional 293,640 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in JBS were worth $5,477,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of JBS in the second quarter valued at $29,000. Farther Finance Advisors LLC acquired a new stake in JBS in the 3rd quarter valued at about $44,000. MAI Capital Management purchased a new position in shares of JBS in the 2nd quarter valued at about $44,000. CWM LLC acquired a new position in shares of JBS during the second quarter worth about $45,000. Finally, GAMMA Investing LLC acquired a new position in shares of JBS during the second quarter worth about $53,000.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JBS. JPMorgan Chase & Co. decreased their price target on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Santander raised shares of JBS from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 11th. The Goldman Sachs Group set a $18.50 target price on shares of JBS in a research note on Wednesday, November 26th. Zacks Research upgraded JBS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Mizuho set a $20.00 price target on JBS in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $19.38.

JBS Stock Up 1.6%

NYSE JBS opened at $15.71 on Friday. Jbs N.V. has a 12 month low of $12.37 and a 12 month high of $17.80. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. The firm’s fifty day moving average price is $14.55 and its 200 day moving average price is $14.29.

JBS Profile

JBS SA is a global leader in the production and processing of meat products, with a focus on beef, pork and poultry. Headquartered in São Paulo, Brazil, the company operates through an extensive network of owned facilities and partnerships that span the Americas, Europe and the Asia-Pacific region. JBS supplies fresh, frozen and value-added protein solutions for retail, foodservice and industrial customers, and is active across the entire supply chain—from livestock procurement and feed production to slaughtering, processing, packaging and distribution.

Founded in 1953 by José Batista Sobrinho in Anápolis, Goiás, JBS began as a small slaughterhouse and expanded rapidly through strategic acquisitions and organic growth.