Marshall Wace LLP Has $18.82 Million Stake in Brf S.A. (NYSE:BRFS)

Marshall Wace LLP increased its stake in Brf S.A. (NYSE:BRFS) by 534.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,623,075 shares of the company’s stock after acquiring an additional 3,894,533 shares during the quarter. Marshall Wace LLP owned 0.43% of BRF worth $18,816,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC bought a new stake in BRF in the fourth quarter valued at $41,000. Bayesian Capital Management LP bought a new stake in BRF in the 1st quarter valued at about $48,000. Atomi Financial Group Inc. acquired a new position in BRF during the 2nd quarter worth approximately $48,000. Blue Trust Inc. bought a new position in BRF in the second quarter worth approximately $51,000. Finally, Headlands Technologies LLC acquired a new stake in BRF in the first quarter valued at approximately $60,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Trading Down 1.3 %

NYSE BRFS opened at $4.48 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $4.28 and a 200 day simple moving average of $3.82. Brf S.A. has a 12 month low of $1.94 and a 12 month high of $4.76. The firm has a market capitalization of $4.85 billion, a P/E ratio of 89.60, a PEG ratio of 0.26 and a beta of 1.94.

BRF (NYSE:BRFS) last announced its earnings results on Thursday, August 15th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. BRF had a net margin of 3.61% and a return on equity of 11.51%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the company posted ($0.10) earnings per share. On average, analysts predict that Brf S.A. will post 0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Bank of America lifted their price objective on shares of BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Finally, Barclays upped their target price on shares of BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BRF presently has an average rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Company 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.