Universal Beteiligungs und Servicegesellschaft mbH Has $1.36 Million Position in Jbs N.V. $JBS

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Jbs N.V. (NYSE:JBS) by 159.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,900 shares of the company’s stock after purchasing an additional 56,500 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in JBS were worth $1,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JBS. EverSource Wealth Advisors LLC acquired a new position in shares of JBS in the second quarter valued at approximately $29,000. MAI Capital Management bought a new stake in JBS during the 2nd quarter worth approximately $44,000. Farther Finance Advisors LLC acquired a new position in JBS in the 3rd quarter valued at approximately $44,000. CWM LLC bought a new position in shares of JBS during the second quarter valued at $45,000. Finally, GAMMA Investing LLC bought a new position in shares of JBS during the second quarter valued at $53,000.

JBS Stock Up 0.2%

Shares of JBS stock opened at $15.74 on Friday. The business has a 50-day moving average price of $14.59 and a two-hundred day moving average price of $14.32. Jbs N.V. has a 1-year low of $12.37 and a 1-year high of $17.80. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15.

Analysts Set New Price Targets

A number of research firms recently weighed in on JBS. Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. reduced their price target on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c)” rating on shares of JBS in a research note on Monday, December 29th. The Goldman Sachs Group set a $18.50 price objective on JBS in a research report on Wednesday, November 26th. Finally, Zacks Research upgraded JBS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $19.38.

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.