Alberta Investment Management Corp Raises Position in Jbs N.V. $JBS

Alberta Investment Management Corp lifted its position in Jbs N.V. (NYSE:JBS) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,622,500 shares of the company’s stock after buying an additional 388,200 shares during the period. Alberta Investment Management Corp’s holdings in JBS were worth $66,656,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. BNDES Participacoes S.A. purchased a new position in JBS in the 4th quarter worth approximately $2,874,074,000. Davis Selected Advisers bought a new stake in shares of JBS in the 4th quarter worth $170,945,000. Banco BTG Pactual S.A. bought a new stake in shares of JBS in the 3rd quarter worth $143,175,000. Ameriprise Financial Inc. raised its stake in shares of JBS by 23,891.7% in the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after purchasing an additional 6,555,634 shares during the last quarter. Finally, State Street Corp raised its stake in shares of JBS by 5.6% in the fourth quarter. State Street Corp now owns 6,138,536 shares of the company’s stock worth $88,518,000 after purchasing an additional 327,364 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently commented on JBS. Mizuho raised JBS to a “strong-buy” rating in a research report on Friday, April 10th. UBS Group set a $17.00 target price on JBS in a research report on Tuesday, May 19th. Weiss Ratings cut shares of JBS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. JPMorgan Chase & Co. downgraded shares of JBS from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $20.50 to $18.50 in a report on Thursday, May 14th. Finally, Barclays reduced their price target on shares of JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

JBS Stock Performance

NYSE:JBS opened at $11.91 on Friday. The stock has a 50-day simple moving average of $14.64 and a two-hundred day simple moving average of $15.12. 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. The firm has a market capitalization of $9.24 billion and a PE ratio of 7.49.

JBS (NYSE:JBS) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The business 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 firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Analysts forecast that Jbs N.V. will post 1.45 EPS for the current year.

JBS Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 18th. JBS’s dividend payout ratio (DPR) is presently 62.89%.

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.