11 stories mentioning JBSUpdated 19d ago
Every FINWIRES story that references JBS, newest first.
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Guilherme Perboyre Cavalcanti, Global Chief Financial Officer and Investor Relations Officer, on August 24, 2026, sold 183,501 Class A common shares in Jbs N.v. (JBS) for $2,541,489.SEC Filing:https://www.sec.gov/Archives/edgar/data/1791942/000121390026093370/xslF345X05/ownership.xmlPrice: $13.85, Change: $-0.03, Percent Change: -0.22%
JBS' (JBS) outlook for 2027 and 2028 is brighter as US beef margins are likely to deliver healthier contributions and imports of cattle for Mexico improving supply next year, UBS said in a Sunday research report.The company's proposal to acquire the remaining 18% of Pilgrim's Pride (PPC) shares is positive, given the simplification of corporate structure and potential commercial synergies, according to the note.The risk of the proposal advancing or not is "hard to price in," UBS said, noting that Pilgrim's Pride has formed a special committee of the board to evaluate the deal.The lack of premium to where the stocks were trading may be complemented by a bump by JBS, which could be "slightly negatively received" by investors, the analysts said.UBS reiterated a buy rating on the stock and boosted its price target to $17.50 from $17.Price: $14.00, Change: $+0.18, Percent Change: +1.30%
Pilgrim's Pride's (PPC) board will form a special committee to evaluate an unsolicited takeover offer from its majority stockholder, JBS (JBS), according to a Wednesday filing.The company confirmed that it received a proposal from JBS to acquire all outstanding Pilgrim's Pride common shares that it does not already own in exchange for 2.086 JBS Class A common shares for each Pilgrim's Pride common share.Price: $13.98, Change: $+0.22, Percent Change: +1.63%
JBS' (JBS) proposal to acquire an 18% stake in Pilgrim's Pride (PPC) it does not already own is seen as slightly positive for the company given the potential to optimize its corporate structure, UBS Securities said in a note emailed Wednesday.According to the note, the acquisition comes at a challenging point in the US poultry cycle, which has pressured Pilgrim's Pride's stock performance, with shares at a two-year low. While there is a path for margin recovery from current levels, the brokerage expects this to be gradual and thus sees near-term stock pressure, the note said.However, UBS sees room for JBS to continue to re-rate given its US listing.UBS kept a buy rating on JBS with a price target of $17.Shares of JBS rose more than 2% in Wednesday trading.Price: $14.04, Change: $+0.38, Percent Change: +2.75%
JBS N.V. (JBS) named Wesley Batista Filho as Global Chief Executive Officer late Monday, succeeding Gilberto Tomazoni, who will step down from the role after eight years.Batista Filho started his career at the food processing company 15 years ago and has led divisions across its global operations, including the JBS USA unit since 2023.Tomazoni will oversee the transition over the next five months and then take on the position of Vice Chairman of the Board and Senior Advisor.Shares fell more than 6% in late afternoon trading.Price: $13.36, Change: $-0.88, Percent Change: -6.15%
JBS (JBS) has an average rating of buy and mean price target of $18.79, according to analysts polled by FactSet.
JBS N.V. Class A (JBS) has an average rating of buy and mean price target of $19.92, according to analysts polled by FactSet.
JBS (JBS) is likely to see improving earnings momentum, a valuation angle, and free cash flow buffer despite a weak start to the year, Morgan Stanley said in a note Friday.US Beef cycle remains challenging and Q2 industry margins appear weaker through May, but there are better signs into June and July, according to the note.The brokerage said it cut its 2026 EBITDA forecast by 7% after Q1 miss, but softer PPC estimates are likely related to temporary headwinds, and not structural issues.For the company's poultry producer, Morgan Stanley lowered its full-year EBITDA estimate by 9% but expects improvement in Q2 due to favorable seasonality and lower impacts from transient disruptions, according to the note.Morgan Stanley adjusted its price target to $19 per share from $20.50, while reiterating its overweight rating on the stock.Price: $13.62, Change: $-0.37, Percent Change: -2.61%
JBS (JBS) shares were down more than 4% in Thursday trading after JPMorgan downgraded the company's stock to neutral from overweight, and lowered its price target to $18.50 from $20.50.Trading volume stood at over 4.7 million shares, compared with a daily average of roughly 4.9 million.Price: $14.06, Change: $-0.64, Percent Change: -4.32%
JBS (JBS) has an average rating of Buy and mean price target of $20.34, according to analysts polled by FactSet.
Consumer stocks were leaning lower pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.6%.Somnigroup International (SGI) has agreed to acquire Leggett & Platt (LEG) in an all-stock deal valued at about $2.5 billion, the companies said. Leggett & Platt stock was up more than 8% and Somnigroup International shares were down more than 1% premarket.McDonald's (MCD) plans to roll out a new lineup of cold beverages in the US, including a Red Bull Dragonberry Energizer, The Wall Street Journal reported, citing company documents and people familiar with the matter. McDonald's shares were 0.1% lower pre-bell.JBS (JBS) has struck a new two-year collective bargaining agreement with workers at its Swift Beef plant in Colorado, according to statements on Sunday from the United Food and Commercial Workers Local 7 union and the company. JBS stock was down 0.2% premarket.
