Jbs N.V. $JBS Stock Position Raised by Ovata Capital Management Ltd

Ovata Capital Management Ltd lifted its position in Jbs N.V. (NYSE:JBS) by 1,724.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 499,983 shares of the company’s stock after acquiring an additional 472,575 shares during the quarter. JBS makes up about 1.4% of Ovata Capital Management Ltd’s holdings, making the stock its 17th biggest holding. Ovata Capital Management Ltd’s holdings in JBS were worth $7,210,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Steadtrust LLC lifted its position in shares of JBS by 0.5% in the 4th quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock valued at $2,504,000 after acquiring an additional 800 shares in the last quarter. Capital Research Global Investors lifted its position in shares of JBS by 0.6% in the 3rd quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock valued at $2,186,000 after acquiring an additional 839 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in JBS by 7.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock valued at $188,000 after buying an additional 908 shares during the period. Farther Finance Advisors LLC increased its stake in JBS by 41.9% in the 4th quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock valued at $60,000 after buying an additional 1,223 shares during the period. Finally, US Bancorp DE increased its stake in JBS by 10.0% in the 3rd quarter. US Bancorp DE now owns 13,497 shares of the company’s stock valued at $202,000 after buying an additional 1,225 shares during the period.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Mizuho upgraded shares of JBS to a “strong-buy” rating in a research note on Friday, April 10th. UBS Group set a $17.00 price objective on shares of JBS in a research note on Tuesday, May 19th. JPMorgan Chase & Co. lowered shares of JBS from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $20.50 to $18.50 in a research note on Thursday, May 14th. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of JBS from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $19.00.

JBS Trading Up 3.0%

Shares of NYSE:JBS opened at $12.24 on Friday. The stock has a market capitalization of $9.49 billion and a PE ratio of 7.70. Jbs N.V. has a 1 year low of $11.79 and a 1 year high of $18.65. The firm has a fifty day moving average price of $15.69 and a 200 day moving average price of $15.27. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42.

JBS (NYSE:JBS) last issued its quarterly earnings data 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 business had revenue of $21.61 billion during the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.JBS’s revenue was up 10.7% compared to the same quarter last year. Analysts expect that Jbs N.V. will post 1.45 EPS for the current fiscal year.

JBS Announces Dividend

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 $1.00 dividend. The ex-dividend date is Monday, May 18th. JBS’s dividend payout ratio 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.