JBS N.V. ($JBS) reported first-quarter 2026 revenue of $21.61 billion, up 10.7% year-over-year and slightly above the consensus revenue estimate of $21.51 billion. Despite the top-line beat, profitability contracted as gross profit fell to $2.32 billion (down 11.4% year-over-year) and operating profit declined to $484.49 million (down 45.1%).
Margins were pressured by rising costs. Cost of sales increased to $19.28 billion (+14.1% YoY), which contributed to the sharp declines in operating income and net income. Diluted earnings per share came in at $0.20, down 13.0% year-over-year and below the EPS estimate of $0.24.
On the cash-flow and balance-sheet side, JBS showed improved operating cash dynamics but elevated investment and a reduced cash buffer. Cash from operating activities was a use of cash of $789.3 million, an improvement of 42.3% versus the prior year. Capital expenditures rose sharply to $566.4 million, up 114.0% year-over-year. Cash and cash equivalents totaled $3.45 billion, down 33.2% year-over-year, while total liabilities stood at $36.12 billion, up 8.0%.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
JBS N.V. Hedge Fund Activity
We have seen 135 institutional investors add shares of JBS N.V. stock to their portfolio, and 123 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DAVIS SELECTED ADVISERS added 14,389,919 shares (+121.4%) to their portfolio in Q1 2026, for an estimated $258,442,945
- BANCO BTG PACTUAL S.A. removed 9,589,738 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $138,284,021
- MILLENNIUM MANAGEMENT LLC removed 3,771,347 shares (-63.0%) from their portfolio in Q4 2025, for an estimated $54,382,823
- CARRHAE CAPITAL LLP added 3,244,553 shares (+801.8%) to their portfolio in Q4 2025, for an estimated $46,786,454
- D. E. SHAW & CO., INC. removed 2,522,063 shares (-25.9%) from their portfolio in Q4 2025, for an estimated $36,368,148
- DISCOVERY CAPITAL MANAGEMENT, LLC / CT added 2,462,200 shares (+512.7%) to their portfolio in Q4 2025, for an estimated $35,504,924
- JANE STREET GROUP, LLC removed 2,430,203 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $35,043,527
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
JBS N.V. Price Targets
Multiple analysts have issued price targets for $JBS recently. We have seen 2 analysts offer price targets for $JBS in the last 6 months, with a median target of $21.75.
Here are some recent targets:
- Lucas Ferreira from JP Morgan set a target price of $20.5 on 04/24/2026
- Benjamin Theurer from Barclays set a target price of $23.0 on 03/27/2026
