Brf S.A. (NYSE:BRFS) Stake Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in shares of Brf S.A. (NYSE:BRFS) by 72.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,418 shares of the company’s stock after selling 205,796 shares during the period. JPMorgan Chase & Co.’s holdings in BRF were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of BRF by 660.0% in 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 buying an additional 1,049,373 shares in the last quarter. State Street Corp grew its position in BRF by 2.3% in the third quarter. State Street Corp now owns 1,006,059 shares of the company’s stock worth $4,396,000 after acquiring an additional 22,608 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of BRF by 8.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 386,300 shares of the company’s stock valued at $1,572,000 after purchasing an additional 30,300 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of BRF by 97.9% in the 3rd quarter. Natixis Advisors LLC now owns 241,221 shares of the company’s stock valued at $1,054,000 after purchasing an additional 119,346 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in BRF in the second quarter worth $927,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Trading Down 0.4 %

Shares of BRFS stock opened at $3.75 on Friday. The company has a market capitalization of $4.05 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.21 and a beta of 1.88. Brf S.A. has a 12-month low of $2.67 and a 12-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 firm has a 50-day moving average price of $4.13 and a 200 day moving average price of $4.23.

BRF Cuts Dividend

The firm also recently announced a — dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were issued a $0.0217 dividend. This represents a dividend yield of 1.6%. The ex-dividend date was Wednesday, December 18th. BRF’s payout ratio is currently 18.60%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BRFS. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $10.70.

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.