Jbs N.V. $JBS Holdings Raised by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in shares of Jbs N.V. (NYSE:JBS) by 159.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,086 shares of the company’s stock after acquiring an additional 136,593 shares during the period. Wellington Management Group LLP’s holdings in JBS were worth $2,632,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Steadtrust LLC boosted its holdings in JBS by 8.2% in the second quarter. Steadtrust LLC now owns 191,130 shares of the company’s stock worth $2,265,000 after purchasing an additional 14,500 shares during the period. Atlas Brown Inc. acquired a new stake in shares of JBS during the second quarter worth $118,000. FNY Investment Advisers LLC lifted its position in shares of JBS by 36.8% in the 2nd quarter. FNY Investment Advisers LLC now owns 17,790 shares of the company’s stock worth $210,000 after buying an additional 4,790 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of JBS in the 2nd quarter worth about $21,866,000. Finally, Confluence Investment Management LLC boosted its holdings in shares of JBS by 17.3% in the 2nd quarter. Confluence Investment Management LLC now owns 19,326 shares of the company’s stock valued at $229,000 after buying an additional 2,845 shares during the period.

JBS Stock Performance

Shares of JBS opened at $12.63 on Friday. The firm has a fifty day moving average of $13.05 and a 200-day moving average of $14.26. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 4.69 and a beta of -1.67. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.77 and a current ratio of 1.53. Jbs N.V. has a 1 year low of $11.49 and a 1 year high of $18.65.

JBS (NYSE:JBS) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12). The firm had revenue of $23.90 billion during the quarter. JBS had a net margin of 1.22% and a return on equity of 12.00%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts anticipate that Jbs N.V. will post 1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. cut their target price on shares of JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. Wall Street Zen downgraded JBS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Stephens lowered their target price on JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Finally, Barclays dropped their price target on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.42.

Insider Buying and Selling

In other JBS news, CFO Guilherme Cavalcanti sold 183,501 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $13.85, for a total value of $2,541,488.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

About JBS

JBS SA is a Brazil-based global food company that produces and sells animal-protein and prepared-food products. Its portfolio includes beef, pork, poultry, lamb, plant-based foods and value-added prepared meals, along with leather and other products derived from its processing operations.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has expanded from a local cattle-processing business into one of the world’s largest protein companies. Its operations and products serve customers in Brazil and international markets across North America, South America, Europe, Asia, Africa and Australia.

JBS markets products under brands that include Friboi, Seara, Swift, Pilgrim’s, Primo and 1855, although brand availability varies by country and product category.