Jbs N.V. $JBS Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in Jbs N.V. (NYSE:JBS) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,633,931 shares of the company’s stock after selling 153,762 shares during the quarter. Legal & General Group Plc’s holdings in JBS were worth $23,561,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Steadtrust LLC lifted its holdings in shares of JBS by 0.5% during the fourth quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock valued at $2,504,000 after purchasing an additional 800 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of JBS by 0.6% during the third quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock valued at $2,186,000 after purchasing an additional 839 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of JBS by 7.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock valued at $188,000 after purchasing an additional 908 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of JBS by 41.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock valued at $60,000 after purchasing an additional 1,223 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of JBS by 10.0% during the third quarter. US Bancorp DE now owns 13,497 shares of the company’s stock valued at $202,000 after purchasing an additional 1,225 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on JBS shares. Barclays decreased their price objective on JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Weiss Ratings upgraded shares of JBS from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 18th. UBS Group set a $17.00 price objective on shares of JBS in a research report on Tuesday, May 19th. Mizuho upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. Finally, Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $19.00.

JBS Price Performance

NYSE JBS opened at $12.45 on Monday. Jbs N.V. has a fifty-two week low of $12.37 and a fifty-two week high of $18.65. The stock’s 50-day moving average is $15.92 and its two-hundred day moving average is $15.30. The firm has a market cap of $9.66 billion and a P/E ratio of 7.83. 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 (NYSE:JBS) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The company had revenue of $21.61 billion for the quarter. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts anticipate that Jbs N.V. will post 1.45 earnings per share for the current fiscal year.

JBS Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Investors 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 is currently 62.89%.

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.