JBS Target of Unusually High Options Trading (NYSE:JBS)

Jbs N.V. (NYSE:JBS) was the target of some unusual options trading on Tuesday. Stock traders bought 6,559 call options on the company. This represents an increase of approximately 107% compared to the average daily volume of 3,170 call options.

Institutional Trading of JBS

Several hedge funds have recently bought and sold shares of the stock. BNDES Participacoes S.A. acquired a new position in shares of JBS in the fourth quarter valued at approximately $2,874,074,000. Davis Selected Advisers acquired a new stake in shares of JBS during the fourth quarter worth $170,945,000. Banco BTG Pactual S.A. acquired a new stake in shares of JBS during the third quarter worth $143,175,000. Ameriprise Financial Inc. lifted its position in 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 acquiring an additional 6,555,634 shares in the last quarter. Finally, State Street Corp boosted its stake in JBS by 5.6% in the 4th quarter. State Street Corp now owns 6,138,536 shares of the company’s stock worth $88,518,000 after purchasing an additional 327,364 shares during the period.

JBS Stock Performance

Shares of JBS stock opened at $17.94 on Wednesday. The stock’s fifty day simple moving average is $15.88 and its 200 day simple moving average is $14.69. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $13.88 billion and a PE ratio of 17.09. JBS has a 12 month low of $12.37 and a 12 month high of $18.00.

JBS (NYSE:JBS) last posted its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.86). The business had revenue of $23.06 billion during the quarter. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year.

JBS Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, May 18th will be given a $1.00 dividend. The ex-dividend date is Monday, May 18th.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research cut JBS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Barclays upped their price target on JBS from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Weiss Ratings upgraded shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. UBS Group raised shares of JBS to a “strong-buy” rating in a research note on Friday, February 6th. Finally, Santander upgraded shares of JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, JBS presently has a consensus rating of “Buy” and a consensus price target of $20.00.

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.