Jbs N.V. $JBS Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in shares of Jbs N.V. (NYSE:JBS) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,591,133 shares of the company’s stock after selling 212,723 shares during the quarter. BNP Paribas Financial Markets’ holdings in JBS were worth $37,364,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in JBS during the second quarter worth about $29,000. Quarry LP acquired a new position in JBS in the 3rd quarter valued at about $34,000. Jones Financial Companies Lllp grew its stake in shares of JBS by 489.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $39,000 after buying an additional 2,206 shares during the period. Parallel Advisors LLC purchased a new stake in shares of JBS in the 3rd quarter valued at approximately $61,000. Finally, Farther Finance Advisors LLC grew its stake in shares of JBS by 41.9% in the 4th quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock valued at $60,000 after buying an additional 1,223 shares during the period.

JBS Price Performance

NYSE:JBS opened at $11.89 on Thursday. Jbs N.V. has a 52 week low of $11.79 and a 52 week high of $18.65. The company has a quick ratio of 0.77, a current ratio of 1.50 and a debt-to-equity ratio of 2.42. The company has a market capitalization of $9.22 billion and a P/E ratio of 7.47. The stock’s fifty day moving average is $15.75 and its two-hundred day moving average is $15.27.

JBS (NYSE:JBS) last posted its earnings results on Tuesday, May 12th. The company reported $0.20 EPS 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 business had revenue of $21.61 billion during the quarter. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts expect that Jbs N.V. will post 1.45 EPS for the current year.

JBS Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be given a $1.00 dividend. The ex-dividend date is Monday, May 18th. JBS’s payout ratio is currently 62.89%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Mizuho raised shares of JBS to a “strong-buy” rating in a research note on Friday, April 10th. Weiss Ratings cut shares of JBS from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Barclays reduced their target price on JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. downgraded JBS from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $20.50 to $18.50 in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $19.00.

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.