California Public Employees Retirement System Lowers Holdings in Jbs N.V. $JBS

California Public Employees Retirement System trimmed its stake in Jbs N.V. (NYSE:JBS) by 11.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 630,093 shares of the company’s stock after selling 77,867 shares during the quarter. California Public Employees Retirement System owned 0.08% of JBS worth $11,316,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of JBS. BNDES Participacoes S.A. purchased a new position in JBS in the fourth quarter worth about $2,874,074,000. Davis Selected Advisers purchased a new stake in shares of JBS during the fourth quarter valued at approximately $170,945,000. Banco BTG Pactual S.A. purchased a new stake in shares of JBS during the third quarter valued at approximately $143,175,000. Ameriprise Financial Inc. grew its holdings in shares of JBS by 23,891.7% during the third 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 during the last quarter. Finally, State Street Corp increased its position in shares of JBS by 5.6% during the fourth quarter. State Street Corp now owns 6,138,536 shares of the company’s stock valued at $88,518,000 after acquiring an additional 327,364 shares in the last quarter.

JBS Stock Up 1.4%

Shares of JBS stock opened at $12.30 on Friday. Jbs N.V. has a twelve month low of $11.49 and a twelve month high of $18.65. The company has a quick ratio of 0.77, a current ratio of 1.50 and a debt-to-equity ratio of 2.42. The company’s 50 day moving average is $12.25 and its 200 day moving average is $14.69. The company has a market cap of $9.54 billion and a price-to-earnings ratio of 7.73.

JBS (NYSE:JBS) last posted its earnings results on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The company had revenue of $21.61 billion during 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. Research analysts anticipate that Jbs N.V. will post 1.46 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on JBS. Mizuho raised JBS to a “strong-buy” rating in a research report on Friday, April 10th. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. JPMorgan Chase & Co. decreased their price target on JBS from $18.50 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Weiss Ratings downgraded JBS from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Finally, UBS Group set a $17.00 price objective on JBS in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.75.

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.