Davis Selected Advisers Takes $170.95 Million Position in Jbs N.V. $JBS

Key Points

• Davis Selected Advisers opened a new position of 11,854,741 shares in JBS during Q4, valued at approximately $170.95 million.
• Analysts hold a mixed but overall positive view—JBS has an average rating of Buy with a consensus price target of $20.08, after upgrades from JPMorgan and Barclays (and a downgrade from Zacks to "strong sell").
• JBS reported a quarterly EPS of $0.39 (missing estimates of $2.25) while revenue rose 15.5% YoY to $23.06 billion, and the company declared a $1.00 dividend payable June 17 (ex-dividend May 18) with a payout ratio of 69.44%.

Davis Selected Advisers purchased a new stake in shares of Jbs N.V. (NYSE:JBS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 11,854,741 shares of the company's stock, valued at approximately $170,945,000.

Several other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its position in shares of JBS by 32.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 14,135 shares of the company's stock valued at $204,000 after buying an additional 3,500 shares during the period. Keybank National Association OH raised its position in shares of JBS by 15.8% during the 4th quarter. Keybank National Association OH now owns 42,129 shares of the company's stock valued at $608,000 after buying an additional 5,759 shares during the period. R Squared Ltd raised its position in shares of JBS by 8.4% during the 4th quarter. R Squared Ltd now owns 20,704 shares of the company's stock valued at $299,000 after buying an additional 1,608 shares during the period. Pictet Asset Management Holding SA raised its position in shares of JBS by 3.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 437,437 shares of the company's stock valued at $6,308,000 after buying an additional 15,907 shares during the period. Finally, Deltec Asset Management LLC raised its position in shares of JBS by 5.5% during the 4th quarter. Deltec Asset Management LLC now owns 47,650 shares of the company's stock valued at $687,000 after buying an additional 2,500 shares during the period.

Analyst Ratings Changes

Several analysts have recently commented on JBS shares. JPMorgan Chase & Co. lifted their price target on shares of JBS from $20.00 to $20.50 and gave the company an "overweight" rating in a research report on Friday, April 24th. Zacks Research lowered JBS from a "hold" rating to a "strong sell" rating in a research report on Tuesday, April 14th. Barclays boosted their target price on JBS from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Friday, March 27th. Weiss Ratings raised JBS from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 4th. Finally, Mizuho raised JBS to a "strong-buy" rating in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, JBS has an average rating of "Buy" and a consensus price target of $20.08.

JBS Stock Performance

NYSE:JBS opened at $16.09 on Friday. The company has a fifty day simple moving average of $16.59 and a two-hundred day simple moving average of $15.13. The company has a market cap of $12.45 billion and a price-to-earnings ratio of 11.18. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 2.28. Jbs N.V. has a 52 week low of $12.37 and a 52 week high of $18.65.

JBS (NYSE:JBS - Get Free Report) last issued its earnings results on Wednesday, March 25th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $2.25 by ($1.86). The company had revenue of $23.06 billion for the quarter. The business's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, equities analysts anticipate that Jbs N.V. will post 1.93 earnings per share for the current fiscal year.

JBS Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, May 18th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 18th. JBS's dividend payout ratio is 69.44%.

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.

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