Larch Capital Partners LLC Acquires New Holdings in Jbs N.V. $JBS

Larch Capital Partners LLC bought a new position in shares of Jbs N.V. (NYSE:JBS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 71,290 shares of the company’s stock, valued at approximately $1,028,000. JBS accounts for approximately 0.1% of Larch Capital Partners LLC’s holdings, making the stock its 24th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in JBS. BNDES Participacoes S.A. acquired a new position in JBS in the 4th quarter valued at approximately $2,874,074,000. Davis Selected Advisers acquired a new position in shares of JBS during the fourth quarter worth $170,945,000. Banco BTG Pactual S.A. bought a new stake in shares of JBS in the third quarter worth $143,175,000. Ameriprise Financial Inc. grew its stake in shares of JBS by 23,891.7% in 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 last quarter. Finally, State Street Corp increased its holdings in JBS by 5.6% in the fourth quarter. State Street Corp now owns 6,138,536 shares of the company’s stock valued at $88,518,000 after purchasing an additional 327,364 shares during the period.

JBS Stock Down 2.6%

JBS stock opened at $11.91 on Friday. The company has a market capitalization of $9.24 billion and a PE ratio of 7.49. Jbs N.V. has a 12-month low of $11.49 and a 12-month high of $18.65. The firm’s fifty day moving average is $14.64 and its 200 day moving average is $15.12. 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 posted 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 return on equity of 19.28% and a net margin of 1.98%.The company had revenue of $21.61 billion during the quarter. The firm’s revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts predict that Jbs N.V. will post 1.45 EPS for the current fiscal year.

JBS Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, May 18th were given a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 18th. JBS’s payout ratio is presently 62.89%.

Analysts Set New Price Targets

JBS has been the subject of several recent research reports. UBS Group set a $17.00 price target on JBS in a research note on Tuesday, May 19th. Mizuho upgraded shares of JBS to a “strong-buy” rating in a report on Friday, April 10th. Zacks Research downgraded shares of JBS from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. cut shares of JBS from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $20.50 to $18.50 in a research report on Thursday, May 14th. Finally, Barclays dropped their target price on shares of JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, JBS currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

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.