Jbs N.V. $JBS Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Jbs N.V. (NYSE:JBS) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 680,181 shares of the company’s stock after selling 41,764 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.09% of JBS worth $7,679,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vise Technologies Inc. grew its stake in shares of JBS by 94.8% in the third quarter. Vise Technologies Inc. now owns 37,512 shares of the company’s stock worth $424,000 after purchasing an additional 18,251 shares in the last quarter. Cidel Asset Management Inc. acquired a new position in JBS during the 3rd quarter valued at about $117,000. North Dakota State Investment Board acquired a new position in JBS during the 3rd quarter valued at about $115,000. Asset Management One Co. Ltd. increased its stake in JBS by 3.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 52,425 shares of the company’s stock valued at $592,000 after buying an additional 1,778 shares during the period. Finally, Sowell Financial Services LLC bought a new stake in shares of JBS during the 3rd quarter worth about $115,000.

JBS Stock Down 2.5%

JBS traded down $0.32 on Friday, reaching $12.48. 7,522,334 shares of the company traded hands, compared to its average volume of 6,563,379. The stock’s 50 day moving average price is $12.41 and its 200-day moving average price is $14.03. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.53 and a quick ratio of 0.77. Jbs N.V. has a 52-week low of $10.61 and a 52-week high of $18.65. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 3.28 and a beta of -1.54.

JBS (NYSE:JBS) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.12). The firm had revenue of $23.90 billion for the quarter. JBS had a net margin of 1.22% and a return on equity of 12.00%. JBS’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, sell-side analysts expect that Jbs N.V. will post 1.03 EPS for the current fiscal year.

Insider Buying and Selling at JBS

In related news, CFO Guilherme Cavalcanti sold 183,501 shares of the business’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 value of $2,541,488.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a research note on Thursday, October 22nd. Zacks Research upgraded JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings upgraded JBS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 30th. Wall Street Zen cut shares of JBS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, UBS Group upped their price target on shares of JBS from $17.00 to $17.50 and gave the company a “buy” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, JBS presently has an average rating of “Moderate Buy” and a consensus price target of $18.10.

About JBS

JBS SA is a Brazil-based global food company engaged primarily in the processing and marketing of animal protein. Its operations include beef, pork, poultry and prepared foods, with products sold through retail, foodservice and industrial channels.

The company offers fresh and frozen meats, processed and ready-to-eat foods, and branded products marketed under names that include JBS, Swift, Friboi, Seara and Pilgrim’s. JBS also has businesses involved in leather, collagen, animal by-products and other food-related products, supporting an integrated approach to the protein supply chain.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has expanded from a local beef processor into an international food company.