Resona Asset Management Co. Ltd. Makes New Investment in Jbs N.V. $JBS

Resona Asset Management Co. Ltd. acquired a new position in shares of Jbs N.V. (NYSE:JBS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 83,029 shares of the company’s stock, valued at approximately $1,240,000.

A number of other institutional investors also recently modified their holdings of JBS. JPMorgan Chase & Co. bought a new stake in JBS in the second quarter valued at $161,969,000. State Street Corp acquired a new stake in shares of JBS in the 2nd quarter valued at about $84,109,000. Maple Rock Capital Partners Inc. bought a new stake in JBS in the 2nd quarter valued at about $32,342,000. Geode Capital Management LLC bought a new stake in JBS in the 2nd quarter valued at about $31,092,000. Finally, Dendur Capital LP acquired a new position in JBS during the 2nd quarter worth approximately $28,051,000.

JBS Stock Performance

Shares of JBS stock opened at $15.47 on Thursday. The stock has a fifty day simple moving average of $14.51 and a 200 day simple moving average of $14.28. Jbs N.V. has a 12-month low of $12.37 and a 12-month high of $17.80. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15.

Analyst Ratings Changes

A number of equities research analysts have commented on JBS shares. The Goldman Sachs Group set a $18.50 price objective on JBS in a research note on Wednesday, November 26th. Zacks Research raised shares of JBS from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of JBS in a report on Monday, December 29th. Santander raised shares of JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $19.38.

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.