52,296 Shares in Jbs N.V. $JBS Purchased by KBC Group NV

KBC Group NV acquired a new position in Jbs N.V. (NYSE:JBS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 52,296 shares of the company’s stock, valued at approximately $939,000.

Other institutional investors have also added to or reduced their stakes in the company. BNDES Participacoes S.A. purchased a new position in shares of JBS during the fourth quarter valued at approximately $2,874,074,000. Davis Selected Advisers purchased a new stake in shares of JBS in the fourth quarter worth approximately $170,945,000. Banco BTG Pactual S.A. purchased a new stake in shares of JBS in the third quarter worth approximately $143,175,000. Ameriprise Financial Inc. lifted its stake in shares of JBS by 23,891.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after acquiring an additional 6,555,634 shares during the last quarter. Finally, State Street Corp purchased a new position in JBS during the 2nd quarter valued at $84,109,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JBS. Weiss Ratings downgraded JBS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. UBS Group set a $17.00 target price on shares of JBS in a research note on Tuesday, May 19th. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. JPMorgan Chase & Co. reduced their price target on shares of JBS from $18.50 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Finally, Barclays decreased their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, JBS has an average rating of “Buy” and a consensus price target of $18.75.

JBS Price Performance

JBS opened at $12.30 on Friday. Jbs N.V. has a 12-month low of $11.49 and a 12-month high of $18.65. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42. The business’s fifty day simple moving average is $12.25 and its 200-day simple moving average is $14.69. The company has a market capitalization of $9.54 billion and a price-to-earnings ratio of 7.73.

JBS (NYSE:JBS) last released 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). JBS had a net margin of 1.98% and a return on equity of 19.28%. The firm had revenue of $21.61 billion during the quarter. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts anticipate that Jbs N.V. will post 1.46 earnings per share for the current fiscal year.

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.