Larch Capital Partners LLC Makes New Investment in Jbs N.V. $JBS

Larch Capital Partners LLC bought a new stake in shares of Jbs N.V. (NYSE:JBS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 71,290 shares of the company’s stock, valued at approximately $1,028,000. JBS accounts for approximately 0.1% of Larch Capital Partners LLC’s portfolio, making the stock its 24th biggest holding.

Other large investors also recently modified their holdings of the company. Rhumbline Advisers acquired a new position in JBS in the second quarter valued at about $203,000. Arrowstreet Capital Limited Partnership acquired a new stake in JBS during the second quarter worth about $5,490,000. EverSource Wealth Advisors LLC acquired a new stake in JBS during the second quarter worth about $29,000. First Trust Advisors LP bought a new position in JBS in the 2nd quarter valued at about $1,419,000. Finally, Marshall Wace LLP bought a new position in JBS in the 2nd quarter valued at about $5,206,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Mizuho raised shares of JBS to a “strong-buy” rating in a report on Friday, April 10th. JPMorgan Chase & Co. cut shares of JBS from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $20.50 to $18.50 in a research note on Thursday, May 14th. UBS Group set a $17.00 price objective on shares of JBS in a research report on Tuesday, May 19th. Zacks Research cut JBS from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. Finally, Barclays decreased their price target on JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.00.

JBS Price Performance

Shares of NYSE:JBS opened at $11.91 on Friday. Jbs N.V. has a one year low of $11.49 and a one year high of $18.65. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77. The company has a market cap of $9.24 billion and a price-to-earnings ratio of 7.49. The firm has a 50 day simple moving average of $14.64 and a 200 day simple moving average of $15.12.

JBS (NYSE:JBS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). JBS had a return on equity of 19.28% and a net margin of 1.98%.The company had revenue of $21.61 billion for the quarter. JBS’s quarterly revenue was up 10.7% compared to the same quarter last year. Research analysts predict that Jbs N.V. will post 1.45 earnings per share for the current fiscal year.

JBS Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 18th. JBS’s dividend payout ratio is presently 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.