Jbs N.V. $JBS Stock Holdings Lessened by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Jbs N.V. (NYSE:JBS) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,633,931 shares of the company’s stock after selling 153,762 shares during the period. Legal & General Group Plc’s holdings in JBS were worth $23,561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Steadtrust LLC grew its holdings in shares of JBS by 0.5% during the fourth quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock valued at $2,504,000 after purchasing an additional 800 shares during the last quarter. Capital Research Global Investors grew its stake in JBS by 0.6% during the 3rd quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock worth $2,186,000 after buying an additional 839 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in JBS by 7.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock worth $188,000 after buying an additional 908 shares during the last quarter. Farther Finance Advisors LLC grew its stake in JBS by 41.9% during the 4th quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock worth $60,000 after buying an additional 1,223 shares during the last quarter. Finally, US Bancorp DE grew its stake in JBS by 10.0% during the 3rd quarter. US Bancorp DE now owns 13,497 shares of the company’s stock worth $202,000 after buying an additional 1,225 shares during the last quarter.

JBS Trading Down 0.2%

NYSE:JBS opened at $12.45 on Monday. Jbs N.V. has a 1 year low of $12.37 and a 1 year high of $18.65. The stock has a market cap of $9.66 billion and a price-to-earnings ratio of 7.83. The business has a fifty day moving average of $15.92 and a 200-day moving average of $15.30. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50.

JBS (NYSE:JBS) last announced its quarterly earnings data 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 firm had revenue of $21.61 billion during the quarter. JBS had a net margin of 1.98% and a return on equity of 19.28%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts predict that Jbs N.V. will post 1.45 earnings per share for the current year.

JBS Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on JBS shares. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. downgraded JBS from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $20.50 to $18.50 in a research note on Thursday, May 14th. Barclays lowered their price objective on JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. UBS Group set a $17.00 price objective on JBS in a research note on Tuesday, May 19th. Finally, Mizuho upgraded JBS to a “strong-buy” rating in a research note on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, JBS presently has a consensus rating of “Buy” and an average 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.