Guilherme Perboyre Cavalcanti Sells 183,501 Shares of JBS (NYSE:JBS) Stock

Key Points

• JBS CFO Guilherme Perboyre Cavalcanti sold 183,501 shares on August 24 at an average price of $13.85, generating approximately $2.54 million in proceeds.
• JBS shares fell 0.7% to $13.79 in mid-day trading. The company recently reported quarterly EPS of $0.20, below the $0.32 consensus estimate, though revenue increased 13.8% year over year to $23.9 billion.
• Analyst sentiment remains broadly positive, with an average rating of “Moderate Buy” and a consensus price target of $18.42, despite some recent target reductions and one downgrade to “sell.”

Jbs N.V. (NYSE:JBS - Get Free Report) CFO Guilherme Perboyre Cavalcanti sold 183,501 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.85, for a total transaction of $2,541,488.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

JBS Trading Down 0.7%

Shares of NYSE:JBS traded down $0.10 during mid-day trading on Tuesday, reaching $13.79. 1,256,356 shares of the company's stock were exchanged, compared to its average volume of 5,775,769. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.77 and a current ratio of 1.53. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 5.16 and a beta of -1.66. The business's fifty day moving average price is $12.75 and its 200-day moving average price is $14.51. Jbs N.V. has a twelve month low of $11.49 and a twelve month high of $18.65.

JBS (NYSE:JBS - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12). JBS had a return on equity of 12.00% and a net margin of 1.22%.The business had revenue of $23.90 billion during the quarter. JBS's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts predict that Jbs N.V. will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JBS has been the subject of several research reports. Zacks Research raised JBS from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Stephens cut their price target on shares of JBS from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Monday, August 17th. UBS Group boosted their price target on JBS from $17.00 to $17.50 and gave the stock a "buy" rating in a research report on Monday. JPMorgan Chase & Co. reduced their target price on shares of JBS from $18.00 to $17.50 and set an "overweight" rating for the company in a research report on Wednesday, August 12th. Finally, Wall Street Zen cut shares of JBS from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.42.

Hedge Funds Weigh In On JBS

Several institutional investors have recently bought and sold shares of JBS. BNDES Participacoes S.A. purchased a new stake in shares of JBS during the 4th quarter valued at approximately $2,874,074,000. Davis Selected Advisers purchased a new stake in JBS during the 4th quarter worth about $170,945,000. Banco BTG Pactual S.A. purchased a new position in shares of JBS in the 3rd quarter valued at $143,175,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of JBS by 117.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company's stock valued at $138,072,000 after acquiring an additional 4,147,304 shares during the period. Finally, 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 worth $98,285,000 after buying an additional 6,555,634 shares during the last quarter.

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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