Ovata Capital Management Ltd Has $7.21 Million Stock Position in Jbs N.V. $JBS

Ovata Capital Management Ltd grew its position in Jbs N.V. (NYSE:JBS) by 1,724.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 499,983 shares of the company’s stock after buying an additional 472,575 shares during the quarter. JBS makes up approximately 0.9% of Ovata Capital Management Ltd’s portfolio, making the stock its 25th largest position. Ovata Capital Management Ltd’s holdings in JBS were worth $7,210,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in JBS. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in JBS by 34.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 455,300 shares of the company’s stock valued at $6,456,000 after buying an additional 117,500 shares during the period. Spectrum Strategic Capital Management LLC purchased a new stake in JBS in the 4th quarter worth approximately $1,204,000. APG Asset Management N.V. acquired a new stake in shares of JBS during the 3rd quarter valued at $2,013,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of JBS by 714.9% during the 4th 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 during the period. Finally, Private Advisory Group LLC grew its holdings in shares of JBS by 9.4% during the 4th quarter. Private Advisory Group LLC now owns 711,525 shares of the company’s stock valued at $10,260,000 after acquiring an additional 60,937 shares in the last quarter.

JBS Trading Down 0.2%

Shares of JBS opened at $11.91 on Friday. The stock’s 50-day moving average price is $14.51 and its 200 day moving average price is $15.10. The company has a quick ratio of 0.77, a current ratio of 1.50 and a debt-to-equity ratio of 2.42. The firm has a market capitalization of $9.24 billion and a price-to-earnings ratio of 7.49. Jbs N.V. has a 12-month low of $11.49 and a 12-month high of $18.65.

JBS (NYSE:JBS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.20 earnings per share (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 business had revenue of $21.61 billion during the quarter. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, research analysts predict that Jbs N.V. will post 1.45 earnings per share for the current year.

JBS Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, May 18th were paid a $1.00 dividend. The ex-dividend date was Monday, May 18th. JBS’s payout ratio is 62.89%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays dropped their target price on JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. JPMorgan Chase & Co. lowered JBS from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $20.50 to $18.50 in a report on Thursday, May 14th. Zacks Research cut JBS from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. Weiss Ratings downgraded JBS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Finally, UBS Group set a $17.00 price objective on shares of JBS in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.00.

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.