WINTON GROUP Ltd Acquires New Stake in Jbs N.V. $JBS

WINTON GROUP Ltd acquired a new stake in Jbs N.V. (NYSE:JBS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 857,090 shares of the company’s stock, valued at approximately $12,359,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Davis Selected Advisers purchased a new stake in shares of JBS in the 4th quarter valued at $170,945,000. Banco BTG Pactual S.A. purchased a new stake in JBS during the 3rd quarter worth approximately $143,175,000. Ameriprise Financial Inc. increased its stake in JBS by 23,891.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after buying an additional 6,555,634 shares during the period. State Street Corp purchased a new stake in JBS during the 2nd quarter worth approximately $84,109,000. Finally, Alberta Investment Management Corp increased its stake in JBS by 205.9% during the 3rd quarter. Alberta Investment Management Corp now owns 4,234,300 shares of the company’s stock worth $63,218,000 after buying an additional 2,850,000 shares during the period.

JBS Trading Up 0.1%

Shares of NYSE:JBS opened at $12.23 on Friday. Jbs N.V. has a 52 week low of $11.79 and a 52 week high of $18.65. The company’s 50 day moving average is $15.62 and its two-hundred day moving average is $15.25. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42. The company has a market cap of $9.49 billion and a PE ratio of 7.69.

JBS (NYSE:JBS) last announced its quarterly earnings data 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 firm had revenue of $21.61 billion during the quarter. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities analysts predict that Jbs N.V. will post 1.45 earnings per share for the current fiscal year.

JBS Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 18th. JBS’s dividend payout ratio is currently 62.89%.

Analyst Upgrades and Downgrades

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