Natixis Advisors LLC Increases Holdings in Brf S.A. (NYSE:BRFS)

Natixis Advisors LLC lifted its position in Brf S.A. (NYSE:BRFS) by 97.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 241,221 shares of the company’s stock after purchasing an additional 119,346 shares during the period. Natixis Advisors LLC’s holdings in BRF were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC purchased a new stake in BRF during the first quarter valued at approximately $70,000. Bayesian Capital Management LP bought a new position in BRF in the 1st quarter worth $48,000. Blue Trust Inc. bought a new position in BRF in the 2nd quarter worth $51,000. Ninety One UK Ltd lifted its position in BRF by 13.9% during the second quarter. Ninety One UK Ltd now owns 1,776,249 shares of the company’s stock valued at $7,229,000 after purchasing an additional 216,693 shares in the last quarter. Finally, Atomi Financial Group Inc. bought a new stake in BRF during the second quarter valued at about $48,000. Institutional investors own 4.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BRFS. Bank of America increased their target price on shares of BRF from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Finally, Barclays raised their price objective on shares of BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two investment 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Trading Down 3.4 %

Shares of NYSE BRFS opened at $4.21 on Wednesday. Brf S.A. has a fifty-two week low of $2.45 and a fifty-two week high of $4.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.23 and a beta of 1.93. The business’s 50 day moving average price is $4.35 and its 200-day moving average price is $4.11.

BRF Increases Dividend

The company also recently declared a — dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.1001 per share. This is an increase from BRF’s previous — dividend of $0.03. The ex-dividend date is Wednesday, November 27th. This represents a dividend yield of 1.8%.

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.