Jbs N.V. $JBS Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Jbs N.V. (NYSE:JBS) by 5.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 680,181 shares of the company’s stock after selling 41,764 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in JBS were worth $7,679,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its holdings in shares of JBS by 50.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock worth $54,000 after acquiring an additional 1,257 shares in the last quarter. Atlas Brown Inc. acquired a new stake in shares of JBS in the 2nd quarter valued at approximately $118,000. North Dakota State Investment Board bought a new position in shares of JBS during the third quarter worth $115,000. Sowell Financial Services LLC bought a new stake in shares of JBS in the third quarter worth about $115,000. Finally, Cidel Asset Management Inc. bought a new position in JBS in the third quarter valued at approximately $117,000.

Insider Buying and Selling at JBS

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the firm’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 value of $2,541,488.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

JBS Stock Down 2.5%

Shares of JBS stock traded down $0.32 during trading hours on Friday, reaching $12.48. The company’s stock had a trading volume of 7,522,334 shares, compared to its average volume of 6,563,379. The company has a market capitalization of $9.69 billion, a P/E ratio of 12.24, a P/E/G ratio of 3.28 and a beta of -1.54. The stock’s fifty day simple moving average is $12.41 and its two-hundred day simple moving average is $14.03. Jbs N.V. has a one year low of $10.61 and a one year 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.

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

Analyst Upgrades and Downgrades

JBS has been the subject of several recent research reports. UBS Group increased their target price on shares of JBS from $17.00 to $17.50 and gave the stock a “buy” rating in a report on Monday, August 24th. Barclays cut their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings upgraded shares of JBS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 30th. Finally, Stephens reduced their target price on JBS from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, JBS presently has a consensus rating of “Moderate Buy” and an average target price of $18.10.

JBS 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.