--- title: "Bank of America Corp DE Grows Position in Jbs N.V. $JBS" type: "News" locale: "en" url: "https://longbridge.com/en/news/295626683.md" description: "Bank of America increased its stake in JBS N.V. by 11.6% in Q1, holding 2,782,983 shares valued at $49.98 million. Other institutions like Amundi and Royal Bank of Canada also raised their positions. Meanwhile, JBS reported a Q2 EPS miss with a loss under one measure despite revenue growth, announced new CEO Wesley Batista Filho, and finalized a $3.54 billion deal with Indonesia's sovereign wealth fund." datetime: "2026-08-12T07:20:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295626683.md) - [en](https://longbridge.com/en/news/295626683.md) - [zh-HK](https://longbridge.com/zh-HK/news/295626683.md) --- # Bank of America Corp DE Grows Position in Jbs N.V. $JBS Bank of America Corp DE grew its holdings in shares of Jbs N.V. (NYSE:JBS - Free Report) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,782,983 shares of the company's stock after acquiring an additional 289,771 shares during the quarter. Bank of America Corp DE owned about 0.36% of JBS worth $49,982,000 at the end of the most recent quarter. - 3 Overlooked Stocks Analysts Still Like as AI Trades Get Crowded Several other hedge funds and other institutional investors also recently modified their holdings of the business. Amundi raised its position in shares of JBS by 17.3% during the 1st quarter. Amundi now owns 457,685 shares of the company's stock valued at $8,220,000 after buying an additional 67,623 shares in the last quarter. Parvin Asset Management LLC raised its stake in shares of JBS by 5.8% during the first quarter. Parvin Asset Management LLC now owns 29,425 shares of the company's stock worth $528,000 after acquiring an additional 1,625 shares in the last quarter. California State Teachers Retirement System purchased a new position in shares of JBS during the first quarter worth approximately $1,112,000. Royal Bank of Canada lifted its holdings in shares of JBS by 28.4% in the 1st quarter. Royal Bank of Canada now owns 115,474 shares of the company's stock worth $2,075,000 after acquiring an additional 25,570 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of JBS by 8.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 80,817 shares of the company's stock worth $1,451,000 after acquiring an additional 6,234 shares during the last quarter. ## JBS Price Performance JBS stock opened at $13.02 on Wednesday. The firm's 50-day moving average price is $12.48 and its two-hundred day moving average price is $14.64. Jbs N.V. has a 12-month low of $11.49 and a 12-month high of $18.65. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.81 and a beta of -1.65. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42. - 5 High-Yield Stocks With Analyst Support and Room to Run JBS (NYSE:JBS - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.12). The firm had revenue of $23.90 billion for the quarter. JBS had a return on equity of 11.90% and a net margin of 1.22%.The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, equities analysts predict that Jbs N.V. will post 1.46 earnings per share for the current year. ## More JBS News Here are the key news stories impacting JBS this week: - Positive Sentiment: JBS USA will invest approximately **$30 million** to modernize its Souderton, Pennsylvania, beef plant and convert it to a value-added operation, preserving roughly **400 jobs**. The investment could improve the facility’s product mix and support higher-value revenue over time. JBS USA Saves 400 Souderton Jobs with $30 Million Value-Added Plant Transition - Positive Sentiment: Some analysts continue to favor JBS because of its low valuation, earnings momentum potential and expected upside relative to crowded technology stocks. This provides a valuation-based counterpoint to the recent pressure on the shares. 3 Overlooked Stocks Analysts Still Like as AI Trades Get Crowded - Neutral Sentiment: JBS announced a leadership change that will make Wesley Batista Filho the new global chief executive, while current CEO Gilberto Tomazoni is expected to become vice chairman. The move restores leadership to the Batista family and may shape investor views on governance, strategy and capital allocation. JBS Names Wesley Batista Filho New Global CEO - Neutral Sentiment: The company reportedly reached a **$3.54 billion** deal with Indonesia’s sovereign wealth fund. While the transaction could expand JBS’s regional presence, the available reports provide limited details on its financial impact, timing or structure. JBS Strikes $3.54bn Deal with Indonesian Sovereign Wealth Fund - Negative Sentiment: Second-quarter results disappointed on profitability: JBS reported a loss of about **$0.09 per share** under one reported measure, while adjusted EPS of $0.20 also missed the $0.32 consensus estimate. Although revenue rose **13.8% year over year to $23.9 billion** and exceeded expectations, the earnings shortfall highlights margin pressure and was a key driver of the stock’s decline. JBS Reports Q2 Loss, Beats Revenue Estimates - Negative Sentiment: Investors reacted negatively to the return of the Batista family to the top operating role, with reports describing an extended selloff after the CEO announcement. The reaction suggests renewed governance and succession concerns are offsetting the company’s revenue growth and low valuation. JBS Extends Selloff After Company Heir Named CEO ## Analyst Ratings Changes A number of brokerages recently commented on JBS. Barclays decreased their target price on shares of JBS from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of JBS from a "sell" rating to a "hold" rating in a research report on Sunday, August 2nd. JPMorgan Chase & Co. raised JBS from a "neutral" rating to an "overweight" rating and set a $18.00 price objective on the stock in a research note on Tuesday, July 28th. UBS Group set a $17.00 price objective on JBS in a report on Tuesday, May 19th. Finally, Weiss Ratings lowered JBS from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $18.75. **Check Out Our Latest Stock Analysis on JBS** ## About JBS (Free Report) 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. ## Featured Stories - Five stocks we like better than JBS - Atlassian Just Pulled Off the Software Comeback Wall Street Wanted - AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be - NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings - Apple’s Next iPhone Could Test How Much Pricing Power Is Left _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in JBS Right Now? Before you consider JBS, you'll want to hear this. 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