NewEdge Wealth LLC Has $7.25 Million Stake in Jbs N.V. $JBS

NewEdge Wealth LLC boosted its stake in Jbs N.V. (NYSE:JBS) by 18.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 403,750 shares of the company’s stock after acquiring an additional 62,974 shares during the quarter. NewEdge Wealth LLC owned 0.05% of JBS worth $7,251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Global Trust Asset Management LLC bought a new stake in shares of JBS in the first quarter valued at about $34,000. EverSource Wealth Advisors LLC acquired a new stake in JBS in the 2nd quarter valued at approximately $29,000. Los Angeles Capital Management LLC acquired a new stake in JBS in the 4th quarter valued at approximately $31,000. Quarry LP bought a new stake in JBS in the 3rd quarter valued at approximately $34,000. Finally, Rockefeller Capital Management L.P. boosted its position in JBS by 50.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock worth $54,000 after acquiring an additional 1,257 shares during the last quarter.

Wall Street Analysts Forecast Growth

JBS has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of JBS from $18.50 to $18.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. UBS Group set a $17.00 target price on shares of JBS in a report on Tuesday, May 19th. Zacks Research raised shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings lowered shares of JBS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Finally, Mizuho raised shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $18.75.

JBS Stock Down 1.0%

JBS stock opened at $12.12 on Friday. The company has a market cap of $9.41 billion and a price-to-earnings ratio of 7.62. Jbs N.V. has a twelve month low of $11.49 and a twelve month high of $18.65. The business has a 50 day moving average price of $12.27 and a two-hundred day moving average price of $14.70. The company has a quick ratio of 0.77, a current ratio of 1.50 and a debt-to-equity ratio of 2.42.

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). The company had revenue of $21.61 billion for the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.The company’s revenue was up 10.7% on a year-over-year basis. Analysts anticipate that Jbs N.V. will post 1.45 EPS for the current fiscal year.

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.