11,086,146 Shares in Jbs N.V. $JBS Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. bought a new stake in Jbs N.V. (NYSE:JBS) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,086,146 shares of the company’s stock, valued at approximately $161,969,000.

Several other institutional investors have also recently bought and sold shares of JBS. Geode Capital Management LLC bought a new position in shares of JBS during the 2nd quarter worth approximately $31,092,000. Alberta Investment Management Corp acquired a new position in JBS during the second quarter worth $20,225,000. Ramirez Asset Management Inc. bought a new position in JBS in the second quarter valued at $11,896,000. Sagil Capital LLP acquired a new stake in JBS in the 2nd quarter valued at $9,535,000. Finally, Journey Advisory Group LLC acquired a new stake in JBS in the 2nd quarter valued at $5,750,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JBS. JPMorgan Chase & Co. reduced their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Mizuho set a $20.00 price target on JBS in a research report on Tuesday, October 28th. Wall Street Zen lowered JBS from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Santander assumed coverage on shares of JBS in a research note on Thursday, August 14th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, JBS presently has a consensus rating of “Moderate Buy” and an average target price of $19.38.

JBS Price Performance

JBS stock opened at $14.71 on Thursday. Jbs N.V. has a 1-year low of $12.37 and a 1-year high of $17.80. The business’s 50 day simple moving average is $13.67. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15.

JBS (NYSE:JBS) last released its quarterly earnings data on Friday, November 14th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $2.74 by ($2.22). The firm’s quarterly revenue was up 13.4% on a year-over-year basis.

JBS Company Profile

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.