Sumitomo Mitsui Trust Group Inc. Acquires 535,463 Shares of Jbs N.V. $JBS

Sumitomo Mitsui Trust Group Inc. raised its holdings in Jbs N.V. (NYSE:JBS) by 199.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 803,813 shares of the company’s stock after buying an additional 535,463 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in JBS were worth $12,001,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new stake in JBS in the second quarter valued at $29,000. MAI Capital Management bought a new position in JBS in the 2nd quarter worth $44,000. Farther Finance Advisors LLC purchased a new stake in shares of JBS in the 3rd quarter worth about $44,000. CWM LLC bought a new stake in shares of JBS during the 2nd quarter valued at about $45,000. Finally, GAMMA Investing LLC bought a new stake in shares of JBS during the 2nd quarter valued at about $53,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JBS. JPMorgan Chase & Co. decreased their price target on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Mizuho set a $20.00 target price on JBS in a research report on Tuesday, October 28th. Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. Weiss Ratings restated a “hold (c)” rating on shares of JBS in a research report on Monday, December 29th. Finally, The Goldman Sachs Group set a $18.50 price objective on JBS in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $19.38.

JBS Price Performance

Shares of JBS opened at $14.66 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. The stock has a 50 day moving average of $14.19. Jbs N.V. has a 52 week low of $12.37 and a 52 week high of $17.80.

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.