Mitsubishi UFJ Trust & Banking Corp Reduces Stock Holdings in Jbs N.V. $JBS

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its stake in JBS by 46.1%, selling 169,164 shares and retaining 197,676 shares valued at about $2.85 million per its latest 13F filing.
• JBS reported quarterly EPS of $0.39, missing estimates (≈$2.25) while revenue rose 15.5% year-over-year; the stock trades with a PE of 11.18 and a market cap of $12.45 billion.
• The company declared a $1.00 dividend payable June 17 (ex-dividend May 18), and analysts maintain a consensus "Buy" rating with a $20.08 average price target after several upgrades.

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Jbs N.V. (NYSE:JBS - Free Report) by 46.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 197,676 shares of the company's stock after selling 169,164 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in JBS were worth $2,850,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in JBS. Rhumbline Advisers purchased a new position in shares of JBS during the 2nd quarter valued at about $203,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of JBS during the 2nd quarter valued at about $5,490,000. EverSource Wealth Advisors LLC purchased a new position in shares of JBS during the 2nd quarter valued at about $29,000. First Trust Advisors LP purchased a new position in shares of JBS during the 2nd quarter valued at about $1,419,000. Finally, Marshall Wace LLP purchased a new position in shares of JBS during the 2nd quarter valued at about $5,206,000.

JBS Stock Up 0.1%

NYSE JBS opened at $16.09 on Monday. The stock's 50 day moving average is $16.59 and its 200 day moving average is $15.16. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 2.28. Jbs N.V. has a 12 month low of $12.37 and a 12 month high of $18.65. The stock has a market cap of $12.45 billion and a PE ratio of 11.18.

JBS (NYSE:JBS - Get Free Report) last posted its quarterly 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 during the quarter. The firm's revenue was up 15.5% compared to the same quarter last year. Research analysts predict that Jbs N.V. will post 1.93 EPS for the current fiscal year.

JBS Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group raised JBS to a "strong-buy" rating in a research report on Friday, February 6th. Barclays boosted their price target on JBS from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, March 27th. Zacks Research cut JBS from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 14th. Mizuho raised JBS to a "strong-buy" rating in a report on Friday, April 10th. Finally, JPMorgan Chase & Co. boosted their price target on JBS from $20.00 to $20.50 and gave the stock an "overweight" rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $20.08.

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.

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