New York State Common Retirement Fund Invests $3.67 Million in Jbs N.V. $JBS

New York State Common Retirement Fund bought a new stake in shares of Jbs N.V. (NYSE:JBS) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 246,000 shares of the company’s stock, valued at approximately $3,673,000.

Several other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in JBS in the second quarter valued at about $161,969,000. State Street Corp purchased a new stake in shares of JBS during the 2nd quarter valued at about $84,109,000. Maple Rock Capital Partners Inc. acquired a new position in JBS during the 2nd quarter worth approximately $32,342,000. Geode Capital Management LLC acquired a new position in JBS during the 2nd quarter worth approximately $31,092,000. Finally, Dendur Capital LP purchased a new position in JBS in the 2nd quarter worth approximately $28,051,000.

JBS Stock Up 0.6%

Shares of JBS stock opened at $15.82 on Friday. The firm has a fifty day moving average of $14.71 and a two-hundred day moving average of $14.41. Jbs N.V. has a 1-year low of $12.37 and a 1-year high of $17.80. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76.

JBS News Summary

Here are the key news stories impacting JBS this week:

• Positive Sentiment: Analysts set a higher price target for JBS, which can support upside expectations among investors. Read More.
• Neutral Sentiment: Multiple outlets and a video report are covering the same labor vote, increasing public visibility but not adding new facts beyond the strike authorization. Read More.
• Negative Sentiment: Unionized workers at JBS’s Greeley, Colorado meatpacking plant voted overwhelmingly to authorize a strike — a step that raises the risk of work stoppages, production disruptions, higher labor costs, and supply-chain constraints for the beef business. Monitor any formal strike start date and contract talks. Read More.
• Negative Sentiment: A pump failure at JBS’s Grand Island plant released about 7,800 gallons of wastewater into a local waterway; company and local agencies conducted cleanup efforts. This creates near-term regulatory, remediation cost and reputational risk. Read More.

Wall Street Analyst Weigh In

JBS has been the topic of a number of analyst reports. The Goldman Sachs Group set a $18.50 price objective on shares of JBS in a research note on Wednesday, November 26th. Santander raised shares of JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. UBS Group started coverage on shares of JBS in a research report on Thursday. They issued a “buy” rating and a $19.50 price objective for the company. Mizuho set a $20.00 target price on JBS in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. cut their price target on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $19.40.

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.