US Bancorp DE Buys 8,882 Shares of Brf S.A. (NYSE:BRFS)

US Bancorp DE lifted its position in Brf S.A. (NYSE:BRFS) by 127.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,871 shares of the company’s stock after purchasing an additional 8,882 shares during the period. US Bancorp DE’s holdings in BRF were worth $69,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in shares of BRF by 56.5% in the 2nd quarter. Renaissance Technologies LLC now owns 5,692,814 shares of the company’s stock worth $23,170,000 after buying an additional 2,056,054 shares during the period. Marshall Wace LLP raised its holdings in shares of BRF by 534.6% in the second quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock valued at $18,816,000 after acquiring an additional 3,894,533 shares in the last quarter. Ninety One UK Ltd lifted its stake in BRF by 13.9% in the second quarter. Ninety One UK Ltd now owns 1,776,249 shares of the company’s stock worth $7,229,000 after acquiring an additional 216,693 shares during the period. American Century Companies Inc. grew its holdings in BRF by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 837,401 shares of the company’s stock worth $3,408,000 after acquiring an additional 45,061 shares in the last quarter. Finally, Cloverfields Capital Group LP increased its position in BRF by 0.8% during the 1st quarter. Cloverfields Capital Group LP now owns 564,642 shares of the company’s stock valued at $1,841,000 after purchasing an additional 4,234 shares during the period. Institutional investors own 4.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays upped their price target on shares of BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Bank of America increased their target price on BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Finally, StockNews.com lowered BRF from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, BRF has an average rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Trading Up 0.5 %

NYSE:BRFS opened at $4.31 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 0.25 and a beta of 1.93. Brf S.A. has a 52 week low of $2.45 and a 52 week high of $4.76. The firm has a 50 day moving average of $4.37 and a 200 day moving average of $4.08.

BRF Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be issued a $0.1001 dividend. The ex-dividend date is Wednesday, November 27th. This is a boost from BRF’s previous dividend of $0.03.

BRF Profile

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.