SG Americas Securities LLC Increases Holdings in Jbs N.V. $JBS

SG Americas Securities LLC boosted its position in Jbs N.V. (NYSE:JBS) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,350 shares of the company’s stock after buying an additional 31,306 shares during the quarter. SG Americas Securities LLC’s holdings in JBS were worth $5,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers bought a new stake in shares of JBS in the 2nd quarter worth approximately $203,000. American Century Companies Inc. bought a new position in shares of JBS during the 2nd quarter valued at $4,019,000. Quadrant Capital Group LLC bought a new position in shares of JBS during the 2nd quarter valued at $240,000. Hsbc Holdings PLC purchased a new position in JBS in the 2nd quarter worth $1,232,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in JBS in the second quarter worth $5,490,000.

JBS Price Performance

JBS stock opened at $18.08 on Thursday. The firm’s 50-day moving average price is $15.94 and its two-hundred day moving average price is $14.72. Jbs N.V. has a 12-month low of $12.37 and a 12-month high of $18.21. The stock has a market capitalization of $13.99 billion and a price-to-earnings ratio of 12.55. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 2.28.

JBS (NYSE:JBS) last posted its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.86). The firm had revenue of $23.06 billion for the quarter. The business’s revenue was up 15.5% on a year-over-year basis.

JBS Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, May 18th will be given a $1.00 dividend. The ex-dividend date is Monday, May 18th.

Wall Street Analyst Weigh In

Several analysts have issued reports on JBS shares. Santander upgraded shares of JBS from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 11th. UBS Group raised JBS to a “strong-buy” rating in a research note on Friday, February 6th. Barclays increased their target price on JBS from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, March 27th. Zacks Research cut JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings upgraded JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $20.00.

JBS 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.