Universal Beteiligungs und Servicegesellschaft mbH Acquires 56,500 Shares of Jbs N.V. $JBS

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Jbs N.V. (NYSE:JBS) by 159.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,900 shares of the company’s stock after buying an additional 56,500 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in JBS were worth $1,360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC boosted its stake in JBS by 8.9% during the third quarter. Sequoia Financial Advisors LLC now owns 12,095 shares of the company’s stock worth $181,000 after acquiring an additional 991 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of JBS during the 2nd quarter worth about $29,000. Farther Finance Advisors LLC bought a new position in shares of JBS during the 3rd quarter worth about $44,000. MAI Capital Management acquired a new stake in shares of JBS in the 2nd quarter valued at about $44,000. Finally, CWM LLC bought a new stake in JBS in the 2nd quarter valued at about $45,000.

JBS Stock Performance

Shares of JBS stock opened at $15.74 on Friday. The stock has a fifty day simple moving average of $14.59 and a 200 day simple moving average of $14.32. Jbs N.V. has a 12-month low of $12.37 and a 12-month 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.

Analyst Ratings Changes

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

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.