Jbs N.V. $JBS Position Increased by IPG Investment Advisors LLC

IPG Investment Advisors LLC boosted its position in shares of Jbs N.V. (NYSE:JBS) by 41.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 292,561 shares of the company’s stock after acquiring an additional 85,661 shares during the quarter. IPG Investment Advisors LLC’s holdings in JBS were worth $3,303,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vise Technologies Inc. boosted its position in JBS by 94.8% in the third quarter. Vise Technologies Inc. now owns 37,512 shares of the company’s stock worth $424,000 after purchasing an additional 18,251 shares during the last quarter. Cidel Asset Management Inc. bought a new stake in shares of JBS during the 3rd quarter valued at about $117,000. North Dakota State Investment Board bought a new stake in shares of JBS during the 3rd quarter valued at about $115,000. Asset Management One Co. Ltd. increased its position in shares of JBS by 3.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 52,425 shares of the company’s stock valued at $592,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of JBS during the 3rd quarter valued at about $115,000.

Insider Buying and Selling at JBS

In related news, CFO Guilherme Cavalcanti sold 183,501 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $13.85, for a total transaction of $2,541,488.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a research note on Thursday, October 22nd. Barclays cut their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. UBS Group upped their target price on shares of JBS from $17.00 to $17.50 and gave the company a “buy” rating in a report on Monday, August 24th. Wall Street Zen downgraded shares of JBS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Stephens decreased their price target on shares of JBS from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.10.

JBS Price Performance

NYSE JBS opened at $12.21 on Wednesday. The business’s fifty day moving average is $12.47 and its 200 day moving average is $14.07. Jbs N.V. has a fifty-two week low of $10.61 and a fifty-two week high of $18.65. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.77 and a current ratio of 1.53. The company has a market capitalization of $9.48 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 3.28 and a beta of -1.54.

JBS (NYSE:JBS) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). JBS had a return on equity of 12.00% and a net margin of 1.22%. The company had revenue of $23.90 billion during the quarter. JBS’s revenue was up 13.8% on a year-over-year basis. Sell-side analysts predict that Jbs N.V. will post 1.03 earnings per share for the current year.

JBS Company Profile

JBS SA is a Brazil-based global food company engaged primarily in the processing and marketing of animal protein. Its operations include beef, pork, poultry and prepared foods, with products sold through retail, foodservice and industrial channels.

The company offers fresh and frozen meats, processed and ready-to-eat foods, and branded products marketed under names that include JBS, Swift, Friboi, Seara and Pilgrim’s. JBS also has businesses involved in leather, collagen, animal by-products and other food-related products, supporting an integrated approach to the protein supply chain.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has expanded from a local beef processor into an international food company.