Hsbc Holdings PLC Purchases 100,533 Shares of Jbs N.V. $JBS

Hsbc Holdings PLC boosted its position in Jbs N.V. (NYSE:JBS) by 113.6% in the first quarter, Holdings Channel.com reports. The firm owned 189,000 shares of the company’s stock after purchasing an additional 100,533 shares during the quarter. Hsbc Holdings PLC’s holdings in JBS were worth $3,375,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in JBS by 34.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 455,300 shares of the company’s stock valued at $6,456,000 after buying an additional 117,500 shares during the last quarter. Spectrum Strategic Capital Management LLC bought a new stake in JBS during the 4th quarter worth approximately $1,204,000. Robeco Institutional Asset Management B.V. increased its position in JBS by 714.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 442,794 shares of the company’s stock valued at $6,385,000 after acquiring an additional 388,460 shares during the period. Private Advisory Group LLC increased its position in JBS by 9.4% in the 4th quarter. Private Advisory Group LLC now owns 711,525 shares of the company’s stock valued at $10,260,000 after acquiring an additional 60,937 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in shares of JBS during the third quarter valued at $1,183,000.

JBS Trading Up 1.4%

Shares of JBS stock opened at $12.30 on Friday. Jbs N.V. has a fifty-two week low of $11.49 and a fifty-two week high of $18.65. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50. The stock has a 50 day simple moving average of $12.25 and a two-hundred day simple moving average of $14.69. The company has a market cap of $9.54 billion and a P/E ratio of 7.73.

JBS (NYSE:JBS) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The business had revenue of $21.61 billion for the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.The company’s revenue was up 10.7% compared to the same quarter last year. Research analysts forecast that Jbs N.V. will post 1.45 earnings per share for the current year.

Analyst Ratings Changes

JBS has been the topic of a number of recent research reports. Wall Street Zen lowered shares of JBS from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group set a $17.00 target price on JBS in a research report on Tuesday, May 19th. Weiss Ratings downgraded JBS from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Mizuho upgraded JBS to a “strong-buy” rating in a research report on Friday, April 10th. Finally, Barclays decreased their price target on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, JBS currently has a consensus rating of “Buy” and an average price target of $18.75.

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.