Jbs N.V. $JBS Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lowered its stake in Jbs N.V. (NYSE:JBS) by 16.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 240,108 shares of the company’s stock after selling 46,000 shares during the quarter. Levin Capital Strategies L.P.’s holdings in JBS were worth $3,462,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. APG Asset Management N.V. acquired a new stake in shares of JBS in the third quarter valued at about $2,013,000. Keybank National Association OH acquired a new stake in shares of JBS in the third quarter valued at about $543,000. Tudor Investment Corp ET AL acquired a new stake in shares of JBS in the third quarter valued at about $1,183,000. Private Advisory Group LLC grew its stake in shares of JBS by 9.4% in the fourth quarter. Private Advisory Group LLC now owns 711,525 shares of the company’s stock valued at $10,260,000 after buying an additional 60,937 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of JBS by 714.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 442,794 shares of the company’s stock valued at $6,385,000 after buying an additional 388,460 shares in the last quarter.

JBS Trading Down 2.4%

NYSE:JBS opened at $15.76 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 2.28. The business’s 50 day moving average is $16.59 and its two-hundred day moving average is $15.12. Jbs N.V. has a 52 week low of $12.37 and a 52 week high of $18.65. The company has a market cap of $12.19 billion and a PE ratio of 10.94.

JBS (NYSE:JBS) last released its earnings results on Wednesday, March 25th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.86). The business had revenue of $23.06 billion during the quarter. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, analysts predict that Jbs N.V. will post 1.76 EPS for the current year.

JBS Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th. JBS’s dividend payout ratio (DPR) is currently 69.44%.

Wall Street Analyst Weigh In

JBS has been the subject of a number of recent research reports. Zacks Research lowered JBS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. JPMorgan Chase & Co. increased their target price on JBS from $20.00 to $20.50 and gave the company an “overweight” rating in a research note on Friday, April 24th. Mizuho upgraded JBS to a “strong-buy” rating in a research note on Friday, April 10th. Barclays increased their target price on JBS from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Finally, Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $20.08.

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.