Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in Jbs N.V. $JBS

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Jbs N.V. (NYSE:JBS) by 49.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,255 shares of the company’s stock after acquiring an additional 38,389 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in JBS were worth $1,662,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Banco BTG Pactual S.A. purchased a new stake in JBS in the third quarter valued at approximately $143,175,000. Ameriprise Financial Inc. raised its stake in 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. State Street Corp acquired a new position in shares of JBS in the 2nd quarter valued at $84,109,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of JBS by 952.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,954,267 shares of the company’s stock valued at $59,037,000 after purchasing an additional 3,578,483 shares during the last quarter. Finally, Alberta Investment Management Corp grew its stake in shares of JBS by 205.9% during the 3rd quarter. Alberta Investment Management Corp now owns 4,234,300 shares of the company’s stock valued at $63,218,000 after buying an additional 2,850,000 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings upgraded JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. Mizuho upgraded JBS to a “strong-buy” rating in a report on Friday, April 10th. UBS Group raised JBS to a “strong-buy” rating in a research report on Friday, February 6th. Zacks Research lowered JBS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Finally, Barclays raised their price objective on JBS from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $20.08.

JBS Stock Performance

Shares of NYSE:JBS opened at $16.14 on Wednesday. The company has a market cap of $12.49 billion and a P/E ratio of 11.21. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.91 and a current ratio of 1.60. Jbs N.V. has a one year low of $12.37 and a one year high of $18.65. The business’s 50-day simple moving average is $16.60 and its 200 day simple moving average is $15.11.

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 company’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, sell-side analysts forecast that Jbs N.V. will post 1.76 earnings per share for the current fiscal year.

JBS Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, June 17th. Stockholders 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 payout ratio is presently 69.44%.

JBS 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.