Jbs N.V. $JBS Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its position in shares of Jbs N.V. (NYSE:JBS) by 157.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 874,621 shares of the company’s stock after buying an additional 534,526 shares during the period. Citigroup Inc.’s holdings in JBS were worth $13,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in JBS by 8.9% in the third quarter. Sequoia Financial Advisors LLC now owns 12,095 shares of the company’s stock worth $181,000 after acquiring an additional 991 shares during the period. EverSource Wealth Advisors LLC purchased a new position in shares of JBS during the 2nd quarter worth $29,000. Jones Financial Companies Lllp increased its position in shares of JBS by 489.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after purchasing an additional 2,206 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of JBS in the 3rd quarter valued at approximately $44,000. Finally, MAI Capital Management acquired a new position in shares of JBS in the 2nd quarter worth approximately $44,000.

Analyst Upgrades and Downgrades

JBS has been the topic of a number of research analyst reports. The Goldman Sachs Group set a $18.50 target price on JBS in a research report on Wednesday, November 26th. Zacks Research downgraded JBS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Santander raised JBS from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 11th. Finally, UBS Group raised shares of JBS to a “strong-buy” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $19.40.

JBS Trading Up 1.5%

JBS stock opened at $16.88 on Friday. The business’s 50-day moving average is $15.27 and its two-hundred day moving average is $14.67. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. Jbs N.V. has a 1 year low of $12.37 and a 1 year high of $17.80.

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.