Jbs N.V. $JBS Shares Purchased by IPG Investment Advisors LLC

IPG Investment Advisors LLC boosted its position in Jbs N.V. (NYSE:JBS) by 71.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 206,900 shares of the company’s stock after buying an additional 86,100 shares during the period. IPG Investment Advisors LLC’s holdings in JBS were worth $2,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of JBS. Spectrum Strategic Capital Management LLC acquired a new position in JBS during the fourth quarter valued at $1,204,000. Hsbc Holdings PLC grew its position in JBS by 113.6% during the 1st quarter. Hsbc Holdings PLC now owns 189,000 shares of the company’s stock worth $3,375,000 after purchasing an additional 100,533 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of JBS by 117.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock valued at $138,072,000 after buying an additional 4,147,304 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of JBS by 11.6% in the 1st quarter. Bank of America Corp DE now owns 2,782,983 shares of the company’s stock valued at $49,982,000 after buying an additional 289,771 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of JBS in the 2nd quarter valued at about $21,866,000.

JBS Price Performance

Shares of JBS stock opened at $12.57 on Thursday. The firm has a market cap of $9.76 billion, a PE ratio of 12.32, a P/E/G ratio of 4.80 and a beta of -1.67. 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 1.53 and a debt-to-equity ratio of 2.51. The business has a 50-day moving average price of $13.05 and a 200 day moving average price of $14.28.

JBS (NYSE:JBS) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). JBS had a return on equity of 12.00% and a net margin of 1.22%.The business had revenue of $23.90 billion for the quarter. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Sell-side analysts predict that Jbs N.V. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group raised their target price on JBS from $17.00 to $17.50 and gave the stock a “buy” rating in a report on Monday, August 24th. JPMorgan Chase & Co. decreased their price target on JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Stephens dropped their price objective on shares of JBS from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Wall Street Zen lowered shares of JBS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.42.

Insider Buying and Selling at JBS

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $13.85, for a total transaction of $2,541,488.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.