California Public Employees Retirement System Reduces Stock Holdings in Jbs N.V. $JBS

California Public Employees Retirement System reduced its position in shares of Jbs N.V. (NYSE:JBS) by 11.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 630,093 shares of the company’s stock after selling 77,867 shares during the quarter. California Public Employees Retirement System’s holdings in JBS were worth $11,316,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of JBS by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 374,800 shares of the company’s stock worth $6,731,000 after purchasing an additional 10,912 shares during the period. Hsbc Holdings PLC raised its position in JBS by 113.6% in the first quarter. Hsbc Holdings PLC now owns 189,000 shares of the company’s stock worth $3,375,000 after acquiring an additional 100,533 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in JBS by 3.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 873,080 shares of the company’s stock worth $15,681,000 after acquiring an additional 27,398 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in shares of JBS during the 1st quarter worth $335,000. Finally, 4WEALTH Advisors Inc. boosted its stake in shares of JBS by 5.3% during the 1st quarter. 4WEALTH Advisors Inc. now owns 53,039 shares of the company’s stock worth $920,000 after acquiring an additional 2,678 shares during the last quarter.

JBS Price Performance

Shares of NYSE:JBS opened at $12.30 on Friday. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77. Jbs N.V. has a 1-year low of $11.49 and a 1-year high of $18.65. The company has a market capitalization of $9.54 billion and a P/E ratio of 7.73. The firm’s 50 day simple moving average is $12.25 and its two-hundred day simple moving average is $14.69.

JBS (NYSE:JBS) last announced its quarterly earnings data 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%.JBS’s revenue was up 10.7% compared to the same quarter last year. Research analysts expect that Jbs N.V. will post 1.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group set a $17.00 price objective on shares of JBS in a research report on Tuesday, May 19th. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Mizuho upgraded JBS to a “strong-buy” rating in a research report on Friday, April 10th. Barclays cut their price target on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Finally, Wall Street Zen cut JBS from a “hold” rating to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $18.75.

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.