National Pension Service Takes $1.64 Million Position in Jbs N.V. $JBS

National Pension Service acquired a new stake in Jbs N.V. (NYSE:JBS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 113,832 shares of the company’s stock, valued at approximately $1,641,000.

A number of other hedge funds have also made changes to their positions in the business. IPG Investment Advisors LLC purchased a new position in shares of JBS in the 4th quarter valued at about $1,593,000. Geode Capital Management LLC boosted its holdings in shares of JBS by 14.4% in the fourth quarter. Geode Capital Management LLC now owns 2,494,292 shares of the company’s stock valued at $35,626,000 after acquiring an additional 314,626 shares during the period. Carrhae Capital LLP boosted its holdings in shares of JBS by 801.8% in the fourth quarter. Carrhae Capital LLP now owns 3,649,226 shares of the company’s stock valued at $52,622,000 after acquiring an additional 3,244,553 shares during the period. LSV Asset Management acquired a new stake in shares of JBS in the fourth quarter valued at approximately $742,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of JBS by 24.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,154 shares of the company’s stock valued at $233,000 after acquiring an additional 3,217 shares during the period.

JBS Trading Down 2.7%

Shares of JBS stock opened at $12.14 on Tuesday. The business’s 50 day moving average is $15.86 and its two-hundred day moving average is $15.29. Jbs N.V. has a twelve month low of $12.03 and a twelve month high of $18.65. The company has a market capitalization of $9.42 billion and a P/E ratio of 7.63. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42.

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

JBS Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, May 18th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 18th. JBS’s dividend payout ratio (DPR) is currently 62.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on JBS shares. JPMorgan Chase & Co. downgraded JBS from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $20.50 to $18.50 in a report on Thursday, May 14th. Barclays decreased their price objective on JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Mizuho raised JBS to a “strong-buy” rating in a report on Friday, April 10th. Weiss Ratings raised JBS from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 18th. Finally, UBS Group set a $17.00 target price on JBS in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, JBS currently has a consensus rating of “Buy” and a consensus target price of $19.00.

About JBS

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.