tru Independence LLC Invests $4.89 Million in Jbs N.V. $JBS

Key Points

• tru Independence LLC established a new position in JBS, buying 339,095 shares worth approximately $4.89 million in the fourth quarter.
• JBS reported quarterly EPS of $0.39 on March 25 (missing the $2.25 consensus by $1.86) while revenue was $23.06 billion, up 15.5% year-over-year.
• Analysts hold a consensus "Buy" rating on JBS with a consensus target of $20, and recent upgrades/price-target increases from Weiss, UBS and Barclays (Barclays raised its target to $23).

tru Independence LLC bought a new position in Jbs N.V. (NYSE:JBS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 339,095 shares of the company's stock, valued at approximately $4,890,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of JBS. EverSource Wealth Advisors LLC purchased a new position in shares of JBS in the 2nd quarter worth approximately $29,000. Quarry LP purchased a new position in shares of JBS during the 3rd quarter worth about $34,000. Jones Financial Companies Lllp boosted its stake 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 period. Farther Finance Advisors LLC purchased a new position in shares of JBS during the 3rd quarter worth about $44,000. Finally, Parallel Advisors LLC purchased a new position in shares of JBS during the 3rd quarter worth about $61,000.

Analyst Ratings Changes

A number of equities analysts recently commented on JBS shares. Weiss Ratings raised shares of JBS from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 4th. Zacks Research cut shares of JBS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 10th. Barclays boosted their price objective on JBS from $22.00 to $23.00 and gave the company an "overweight" rating in a report on Friday, March 27th. Finally, UBS Group upgraded JBS to a "strong-buy" rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $20.00.

JBS Price Performance

JBS stock opened at $18.34 on Friday. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.60 and a quick ratio of 0.91. The stock has a market cap of $14.19 billion and a price-to-earnings ratio of 12.73. The firm has a 50-day moving average of $16.27 and a two-hundred day moving average of $14.84. Jbs N.V. has a 1 year low of $12.37 and a 1 year 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 firm had revenue of $23.06 billion for the quarter. The business's revenue was up 15.5% compared to the same quarter last year.

JBS Dividend Announcement

The company also recently declared 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 is Monday, May 18th. JBS's payout ratio is presently 69.44%.

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.

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