WINTON GROUP Ltd Acquires Shares of 857,090 Jbs N.V. $JBS

WINTON GROUP Ltd bought a new stake in Jbs N.V. (NYSE:JBS) in the 4th quarter, HoldingsChannel.com reports. The firm bought 857,090 shares of the company’s stock, valued at approximately $12,359,000.

Several other large investors have also modified their holdings of JBS. Davis Selected Advisers acquired a new position in shares of JBS in the 4th quarter valued at $170,945,000. Banco BTG Pactual S.A. acquired a new position in shares of JBS in the 3rd quarter valued at $143,175,000. Ameriprise Financial Inc. boosted its holdings in shares of JBS by 23,891.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after buying an additional 6,555,634 shares in the last quarter. State Street Corp acquired a new position in shares of JBS in the 2nd quarter valued at $84,109,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of JBS by 952.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,954,267 shares of the company’s stock valued at $59,037,000 after buying an additional 3,578,483 shares in the last quarter.

Analyst Upgrades and Downgrades

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

JBS Stock Up 0.1%

Shares of JBS stock opened at $12.23 on Friday. The company has a market cap of $9.49 billion and a P/E ratio of 7.69. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50. Jbs N.V. has a one year low of $11.79 and a one year high of $18.65. The firm has a fifty day moving average of $15.62 and a two-hundred day moving average of $15.25.

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). The firm had revenue of $21.61 billion for the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.The firm’s quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts forecast that Jbs N.V. will post 1.45 earnings per share for the current year.

JBS Dividend Announcement

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 dividend of $1.00 per share. The ex-dividend date is Monday, May 18th. JBS’s dividend payout ratio is presently 62.89%.

About JBS

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.