MYDA Advisors LLC Makes New Investment in Jbs N.V. $JBS

MYDA Advisors LLC purchased a new stake in Jbs N.V. (NYSE:JBS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 48,000 shares of the company’s stock, valued at approximately $692,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BNDES Participacoes S.A. acquired a new position in JBS in the fourth quarter valued at about $2,874,074,000. Davis Selected Advisers bought a new stake in shares of JBS during the 4th quarter worth approximately $170,945,000. Banco BTG Pactual S.A. bought a new stake in shares of JBS during the 3rd quarter worth approximately $143,175,000. Ameriprise Financial Inc. lifted its holdings in shares of JBS by 23,891.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after acquiring an additional 6,555,634 shares during the period. Finally, State Street Corp lifted its holdings in shares of JBS by 5.6% during the 4th quarter. State Street Corp now owns 6,138,536 shares of the company’s stock worth $88,518,000 after acquiring an additional 327,364 shares during the period.

JBS Price Performance

JBS stock opened at $12.52 on Monday. The company has a fifty day moving average price of $15.09 and a 200-day moving average price of $15.19. The company has a market capitalization of $9.72 billion and a P/E ratio of 7.88. Jbs N.V. has a 52-week low of $11.49 and a 52-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.

JBS (NYSE:JBS) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities analysts expect that Jbs N.V. will post 1.45 EPS for the current year.

JBS Dividend Announcement

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

Analyst Ratings Changes

JBS has been the subject of a number of recent analyst reports. UBS Group set a $17.00 price target on shares of JBS in a report on Tuesday, May 19th. JPMorgan Chase & Co. downgraded shares of JBS from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $20.50 to $18.50 in a report on Thursday, May 14th. Barclays cut their price target on shares of JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Mizuho raised shares of JBS to a “strong-buy” rating in a report on Friday, April 10th. Finally, Zacks Research downgraded shares of JBS from a “hold” rating to a “strong sell” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate 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.