Cinctive Capital Management LP Acquires 311,233 Shares of Jbs N.V. $JBS

Cinctive Capital Management LP increased its holdings in shares of Jbs N.V. (NYSE:JBS) by 41.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,070,517 shares of the company’s stock after purchasing an additional 311,233 shares during the quarter. JBS accounts for 0.8% of Cinctive Capital Management LP’s holdings, making the stock its 25th biggest position. Cinctive Capital Management LP’s holdings in JBS were worth $15,437,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Steadtrust LLC increased its stake in JBS by 0.5% during the 4th quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock worth $2,504,000 after purchasing an additional 800 shares in the last quarter. Capital Research Global Investors increased its stake in JBS by 0.6% during the 3rd quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock worth $2,186,000 after purchasing an additional 839 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in JBS by 7.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock worth $188,000 after purchasing an additional 908 shares in the last quarter. Dodge & Cox increased its stake in JBS by 6.3% during the 4th quarter. Dodge & Cox now owns 16,950 shares of the company’s stock worth $244,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in 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 in the last quarter.

JBS Trading Down 0.9%

NYSE:JBS opened at $12.20 on Thursday. Jbs N.V. has a twelve month low of $11.49 and a twelve month high of $18.65. The company has a quick ratio of 0.77, a current ratio of 1.50 and a debt-to-equity ratio of 2.42. The business has a 50 day moving average price of $14.75 and a two-hundred day moving average price of $15.14. The company has a market cap of $9.46 billion and a P/E ratio of 7.67.

JBS (NYSE:JBS) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share 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 firm had revenue of $21.61 billion for the quarter. JBS’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, analysts expect 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 paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 18th. JBS’s dividend payout ratio (DPR) is currently 62.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings downgraded JBS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. UBS Group set a $17.00 price target on JBS in a research report on Tuesday, May 19th. JPMorgan Chase & Co. downgraded JBS from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $20.50 to $18.50 in a research report on Thursday, May 14th. Barclays reduced their price target on JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Finally, Mizuho raised JBS to a “strong-buy” rating in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

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.