Vestmark Advisory Solutions Inc. purchased a new position in shares of Brf S.A. (NYSE:BRFS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,311 shares of the company’s stock, valued at approximately $204,000.
Several other institutional investors also recently added to or reduced their stakes in BRFS. Daiwa Securities Group Inc. raised its stake in shares of BRF by 273.8% during the second quarter. Daiwa Securities Group Inc. now owns 161,500 shares of the company’s stock worth $1,227,000 after purchasing an additional 118,300 shares during the last quarter. Atlas Capital Advisors LLC raised its position in BRF by 1,167.8% in the second quarter. Atlas Capital Advisors LLC now owns 27,917 shares of the company’s stock worth $212,000 after acquiring an additional 25,715 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in BRF by 135.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,220 shares of the company’s stock worth $222,000 after acquiring an additional 16,800 shares in the last quarter. Aperio Group LLC raised its position in BRF by 21.7% in the second quarter. Aperio Group LLC now owns 162,143 shares of the company’s stock worth $1,232,000 after acquiring an additional 28,904 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in BRF by 217.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 524,100 shares of the company’s stock worth $3,983,000 after acquiring an additional 359,132 shares in the last quarter. Institutional investors and hedge funds own 10.79% of the company’s stock.
BRF stock opened at $7.87 on Friday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.76 and a current ratio of 1.25. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of -14.57 and a beta of 0.70. Brf S.A. has a fifty-two week low of $5.02 and a fifty-two week high of $9.96. The stock’s fifty day moving average is $8.84 and its two-hundred day moving average is $8.50.
Several research analysts have issued reports on the company. Barclays set a $12.00 price objective on BRF and gave the stock a “buy” rating in a research report on Monday, August 12th. BBA Icatu Securities upgraded BRF from a “market perform” rating to an “outperform” rating in a research report on Monday, July 22nd. ValuEngine cut BRF from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Citigroup cut BRF from a “neutral” rating to a “sell” rating in a research report on Monday, July 29th. Finally, HSBC cut BRF from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $10.00.
BRF Company Profile
BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine; and soy meal and refined soy flour, as well as animal feed.
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