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

Jbs N.V. (NYSE:JBS) CFO Guilherme Perboyre Cavalcanti sold 183,501 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $13.85, for a total value of $2,541,488.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

JBS Price Performance

Shares of NYSE:JBS traded down $0.10 during midday trading on Tuesday, hitting $13.79. 1,256,356 shares of the stock were exchanged, compared to its average volume of 5,775,769. The stock has a market cap of $10.70 billion, a P/E ratio of 13.54, a PEG ratio of 5.16 and a beta of -1.66. The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 2.51. Jbs N.V. has a twelve month low of $11.49 and a twelve month high of $18.65. The company has a 50 day moving average price of $12.75 and a 200-day moving average price of $14.51.

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

Analyst Ratings Changes

A number of brokerages have recently commented on JBS. UBS Group raised their target price on shares of JBS from $17.00 to $17.50 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. reduced their target price on JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Barclays dropped their price target on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Wall Street Zen downgraded shares of JBS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings lowered shares of JBS from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.42.

Hedge Funds Weigh In On JBS

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNDES Participacoes S.A. bought a new position in JBS in the 4th quarter worth approximately $2,874,074,000. Davis Selected Advisers bought a new position in JBS in the fourth quarter valued at about $170,945,000. Banco BTG Pactual S.A. bought a new position in JBS in the third quarter valued at about $143,175,000. Arrowstreet Capital Limited Partnership raised its stake in shares of JBS by 117.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock worth $138,072,000 after buying an additional 4,147,304 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of JBS by 23,891.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after purchasing an additional 6,555,634 shares during the period.

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.