Jbs N.V. (NYSE:JBS) to Issue Dividend of $1.00

Jbs N.V. (NYSE:JBS) announced a dividend on Thursday, March 26th. Investors of record on Monday, May 18th will be given a dividend of 1.00 per share on Wednesday, June 17th. The ex-dividend date of this dividend is Monday, May 18th.

JBS Trading Up 5.7%

JBS stock opened at $16.65 on Friday. The firm’s fifty day moving average price is $15.73 and its 200 day moving average price is $14.67. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. JBS has a 12-month low of $12.37 and a 12-month high of $17.80.

JBS (NYSE:JBS) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $2.25 by ($1.86). The company had revenue of $23.06 billion during the quarter. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JBS. BNDES Participacoes S.A. acquired a new stake in shares of JBS during the 4th quarter valued at approximately $2,874,074,000. Davis Selected Advisers acquired a new position in JBS in the fourth quarter worth $170,945,000. JPMorgan Chase & Co. bought a new stake in JBS during the second quarter valued at $161,969,000. Banco BTG Pactual S.A. acquired a new stake in shares of JBS during the third quarter worth $143,175,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of JBS by 23,891.7% during the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after purchasing an additional 6,555,634 shares during the period.

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.