Mitsubishi UFJ Trust & Banking Corp Sells 169,164 Shares of Jbs N.V. $JBS

Mitsubishi UFJ Trust & Banking Corp decreased its position in Jbs N.V. (NYSE:JBS) by 46.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,676 shares of the company’s stock after selling 169,164 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in JBS were worth $2,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stake in JBS in the 2nd quarter worth approximately $29,000. Quarry LP bought a new stake in JBS in the 3rd quarter worth approximately $34,000. Jones Financial Companies Lllp increased its stake in JBS by 489.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after acquiring an additional 2,206 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in JBS in the 3rd quarter worth approximately $44,000. Finally, Parallel Advisors LLC bought a new stake in JBS in the 3rd quarter worth approximately $61,000.

JBS Stock Performance

NYSE JBS opened at $16.09 on Monday. The company has a market cap of $12.45 billion and a P/E ratio of 11.18. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.91 and a current ratio of 1.60. The business’s 50 day moving average price is $16.59 and its 200-day moving average price is $15.16. Jbs N.V. has a fifty-two week low of $12.37 and a fifty-two week high of $18.65.

JBS (NYSE:JBS) last released its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($1.86). The firm had revenue of $23.06 billion during the quarter. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. Sell-side analysts predict that Jbs N.V. will post 1.93 earnings per share for the current year.

JBS Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, May 18th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. UBS Group raised JBS to a “strong-buy” rating in a research note on Friday, February 6th. Barclays boosted their target price on JBS from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Mizuho raised JBS to a “strong-buy” rating in a research report on Friday, April 10th. Finally, JPMorgan Chase & Co. boosted their target price on JBS from $20.00 to $20.50 and gave the company an “overweight” rating in a research report on Friday, April 24th. Two equities 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $20.08.

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.