BNP Paribas Financial Markets Trims Stake in Jbs N.V. $JBS

BNP Paribas Financial Markets reduced its stake in shares of Jbs N.V. (NYSE:JBS) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,591,133 shares of the company’s stock after selling 212,723 shares during the quarter. BNP Paribas Financial Markets’ holdings in JBS were worth $37,364,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. National Pension Service acquired a new stake in JBS in the fourth quarter valued at approximately $1,641,000. IPG Investment Advisors LLC acquired a new stake in JBS in the fourth quarter valued at approximately $1,593,000. Geode Capital Management LLC grew its holdings in 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 purchasing an additional 314,626 shares during the period. Carrhae Capital LLP grew its holdings in 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 purchasing an additional 3,244,553 shares during the period. Finally, LSV Asset Management acquired a new stake in JBS in the fourth quarter valued at approximately $742,000.

JBS Stock Performance

Shares of NYSE:JBS opened at $11.89 on Thursday. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77. The business’s 50 day moving average price is $15.75 and its 200-day moving average price is $15.27. The firm has a market capitalization of $9.22 billion and a PE ratio of 7.47. Jbs N.V. has a 1 year low of $11.79 and a 1 year high of $18.65.

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

JBS Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have commented on the company. UBS Group set a $17.00 price objective on JBS in a report on Tuesday, May 19th. Mizuho raised JBS to a “strong-buy” rating in a report on Friday, April 10th. Weiss Ratings lowered JBS from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. lowered JBS from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $20.50 to $18.50 in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $19.00.

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.