MYDA Advisors LLC Makes New $692,000 Investment in Jbs N.V. $JBS

MYDA Advisors LLC purchased a new position in shares of Jbs N.V. (NYSE:JBS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 48,000 shares of the company’s stock, valued at approximately $692,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBS. EverSource Wealth Advisors LLC bought a new stake in JBS during the 2nd quarter worth about $29,000. Los Angeles Capital Management LLC bought a new stake in JBS during the 4th quarter worth about $31,000. Quarry LP acquired a new position in shares of JBS during the 3rd quarter worth about $34,000. Jones Financial Companies Lllp increased its stake in shares of JBS by 489.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after purchasing an additional 2,206 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of JBS by 41.9% during the 4th quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock worth $60,000 after purchasing an additional 1,223 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JBS shares. JPMorgan Chase & Co. lowered shares of JBS from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $20.50 to $18.50 in a research note on Thursday, May 14th. Zacks Research lowered shares of JBS from a “hold” rating to a “strong sell” rating in a research note on Thursday. Barclays lowered their price objective on shares of JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Weiss Ratings lowered shares of JBS from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Finally, Mizuho upgraded shares of JBS to a “strong-buy” rating in a research note on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, JBS currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

JBS Stock Down 0.1%

Shares of JBS opened at $12.52 on Monday. Jbs N.V. has a 52 week low of $11.49 and a 52 week high of $18.65. The firm has a market cap of $9.72 billion and a P/E ratio of 7.88. The firm’s 50-day simple moving average is $15.09 and its 200 day simple moving average is $15.19. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50.

JBS (NYSE:JBS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The company had revenue of $21.61 billion during the quarter. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts forecast that Jbs N.V. will post 1.45 earnings per share for the current year.

JBS Dividend Announcement

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

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.