52,296 Shares in Jbs N.V. $JBS Acquired by KBC Group NV

KBC Group NV bought a new position in shares of Jbs N.V. (NYSE:JBS) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,296 shares of the company’s stock, valued at approximately $939,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC purchased a new position in shares of JBS in the 2nd quarter valued at $29,000. Los Angeles Capital Management LLC purchased a new stake in shares of JBS during the 4th quarter worth $31,000. Global Trust Asset Management LLC purchased a new stake in shares of JBS during the 1st quarter worth $34,000. Quarry LP bought a new stake in JBS during the third quarter valued at about $34,000. Finally, Rockefeller Capital Management L.P. boosted its position in JBS by 50.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock valued at $54,000 after purchasing an additional 1,257 shares in the last quarter.

JBS Price Performance

NYSE JBS opened at $12.30 on Friday. The company has a market cap of $9.54 billion and a price-to-earnings ratio of 7.73. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77. The stock’s fifty day moving average price is $12.25 and its 200 day moving average price is $14.69. Jbs N.V. has a 1 year low of $11.49 and a 1 year high of $18.65.

JBS (NYSE:JBS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The firm had revenue of $21.61 billion during the quarter. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities research analysts forecast that Jbs N.V. will post 1.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

JBS has been the subject of a number of recent research reports. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Wall Street Zen cut shares of JBS from a “hold” rating to a “sell” rating in a report on Saturday. Barclays cut their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. JPMorgan Chase & Co. reduced their target price on JBS from $18.50 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Finally, Weiss Ratings downgraded JBS from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $18.75.

About JBS

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.