LSV Asset Management purchased a new stake in Jbs N.V. (NYSE:JBS – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 51,450 shares of the company’s stock, valued at approximately $742,000.
Several other institutional investors and hedge funds also recently made changes to their positions in JBS. Davis Selected Advisers acquired a new position in shares of JBS in the fourth quarter valued at approximately $170,945,000. Banco BTG Pactual S.A. acquired a new position in shares of JBS in the third quarter valued at approximately $143,175,000. Ameriprise Financial Inc. boosted its holdings in shares of JBS by 23,891.7% in the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after buying an additional 6,555,634 shares during the period. State Street Corp acquired a new position in shares of JBS in the second quarter valued at approximately $84,109,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of JBS by 952.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,954,267 shares of the company’s stock valued at $59,037,000 after buying an additional 3,578,483 shares during the period.
JBS Stock Performance
Shares of JBS opened at $13.27 on Thursday. Jbs N.V. has a 12 month low of $12.37 and a 12 month high of $18.65. The firm has a fifty day simple moving average of $16.01 and a 200 day simple moving average of $15.30. The stock has a market capitalization of $10.30 billion and a price-to-earnings ratio of 8.35. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42.
JBS Announces Dividend
The company also recently declared a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th. JBS’s dividend payout ratio is 62.89%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. UBS Group set a $17.00 price target on shares of JBS in a report on Tuesday, May 19th. JPMorgan Chase & Co. cut shares of 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. Mizuho upgraded shares of JBS to a “strong-buy” rating in a report on Friday, April 10th. Weiss Ratings upgraded shares of JBS from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 18th. Finally, Barclays reduced their target price on shares of JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, JBS has a consensus rating of “Buy” and a consensus target price of $19.00.
Get Our Latest Analysis on JBS
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.
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