JBS (NYSE:JBS) CFO Sells $2,541,488.85 in Stock

Jbs N.V. (NYSE:JBS) CFO Guilherme Perboyre Cavalcanti sold 183,501 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $13.85, for a total value of $2,541,488.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

JBS Trading Down 1.1%

Shares of JBS stock opened at $13.61 on Friday. The business’s 50 day moving average is $12.85 and its two-hundred day moving average is $14.46. Jbs N.V. has a twelve month low of $11.49 and a twelve month high of $18.65. The company has a market capitalization of $10.56 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 5.13 and a beta of -1.65. The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 2.51.

JBS (NYSE:JBS) last released its earnings results on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). JBS had a net margin of 1.22% and a return on equity of 12.00%. The company had revenue of $23.90 billion during the quarter. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts forecast that Jbs N.V. will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group upped their price objective on shares of JBS from $17.00 to $17.50 and gave the stock a “buy” rating in a research report on Monday. Stephens dropped their price target on shares of JBS from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Weiss Ratings cut shares of JBS from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. cut their price target on shares of JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Finally, Barclays lowered their price objective on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, JBS currently has an average rating of “Moderate Buy” and a consensus target price of $18.42.

Institutional Investors Weigh In On JBS

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new stake in shares of JBS during the 2nd quarter worth $29,000. Los Angeles Capital Management LLC purchased a new position in shares of JBS in the 4th quarter valued at about $31,000. Global Trust Asset Management LLC purchased a new position in shares of JBS in the 1st quarter valued at about $34,000. Quarry LP acquired a new stake in shares of JBS in the third quarter valued at about $34,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of JBS by 50.3% in 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 during the period.

JBS Company 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.