National Pension Service Buys Shares of 113,832 Jbs N.V. $JBS

National Pension Service bought a new stake in Jbs N.V. (NYSE:JBS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 113,832 shares of the company’s stock, valued at approximately $1,641,000.

Several other large investors have also modified their holdings of JBS. Rhumbline Advisers acquired a new position in shares of JBS in the 2nd quarter valued at $203,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of JBS in the 2nd quarter valued at $5,490,000. EverSource Wealth Advisors LLC acquired a new position in shares of JBS in the 2nd quarter valued at $29,000. First Trust Advisors LP acquired a new position in shares of JBS in the 2nd quarter valued at $1,419,000. Finally, Marshall Wace LLP acquired a new position in shares of JBS in the 2nd quarter valued at $5,206,000.

Analysts Set New Price Targets

Several brokerages have recently commented on JBS. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. lowered JBS from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $20.50 to $18.50 in a research note on Thursday, May 14th. Weiss Ratings raised JBS from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Barclays decreased their target price on JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, UBS Group set a $17.00 target price on JBS in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $19.00.

JBS Price Performance

JBS stock opened at $12.14 on Tuesday. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77. The firm has a market capitalization of $9.42 billion and a P/E ratio of 7.63. The business’s 50-day moving average is $15.86 and its two-hundred day moving average is $15.29. Jbs N.V. has a 1 year low of $12.03 and a 1 year high of $18.65.

JBS (NYSE:JBS) last posted its quarterly earnings results 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 during the quarter. JBS had a net margin of 1.98% and a return on equity of 19.28%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Analysts anticipate that Jbs N.V. will post 1.45 earnings per share for the current fiscal year.

JBS Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 18th. JBS’s dividend payout ratio (DPR) is currently 62.89%.

JBS Company 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.