BNP Paribas Financial Markets Sells 42,612 Shares of Brf S.A. (NYSE:BRFS)

BNP Paribas Financial Markets lessened its position in Brf S.A. (NYSE:BRFS) by 42.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,700 shares of the company’s stock after selling 42,612 shares during the quarter. BNP Paribas Financial Markets’ holdings in BRF were worth $257,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Marshall Wace LLP raised its position in BRF by 534.6% in the 2nd quarter. Marshall Wace LLP now owns 4,623,075 shares of the company’s stock worth $18,816,000 after purchasing an additional 3,894,533 shares during the period. Renaissance Technologies LLC lifted its stake in shares of BRF by 56.5% during the 2nd quarter. Renaissance Technologies LLC now owns 5,692,814 shares of the company’s stock worth $23,170,000 after acquiring an additional 2,056,054 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in BRF by 660.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock valued at $5,281,000 after acquiring an additional 1,049,373 shares during the period. Acadian Asset Management LLC bought a new position in BRF in the 2nd quarter valued at $1,133,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in BRF in the second quarter worth $927,000. 4.76% of the stock is owned by hedge funds and other institutional investors.

BRF Trading Up 0.3 %

Shares of NYSE BRFS opened at $4.64 on Tuesday. Brf S.A. has a twelve month low of $2.45 and a twelve month high of $4.87. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $4.36 and a two-hundred day simple moving average of $4.19. The firm has a market cap of $5.02 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 0.25 and a beta of 1.89.

BRF Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th will be issued a dividend of $0.0217 per share. This represents a yield of 1.6%. The ex-dividend date is Wednesday, December 18th. BRF’s payout ratio is 16.28%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, BRF currently has an average rating of “Moderate Buy” and a consensus price target of $10.70.

About BRF

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.