Brf S.A. (NYSE:BRFS) Announces $0.02 -- Dividend

Brf S.A. (NYSE:BRFS - Get Free Report) declared a -- dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Wednesday, December 18th will be paid a dividend of 0.0217 per share on Thursday, January 9th. This represents a yield of 1.6%. The ex-dividend date is Wednesday, December 18th.

BRF Price Performance

NYSE BRFS traded down $0.03 on Friday, hitting $4.66. 1,978,532 shares of the company's stock were exchanged, compared to its average volume of 2,908,383. BRF has a 52 week low of $2.45 and a 52 week high of $4.76. The stock has a 50-day moving average of $4.31 and a 200-day moving average of $4.14. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 0.23 and a beta of 1.90.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BRFS shares. Bank of America raised their price objective on BRF from $22.00 to $24.00 and gave the company a "neutral" rating in a research note on Thursday, August 15th. Barclays raised their price target on shares of BRF from $4.50 to $5.00 and gave the company an "overweight" rating in a research note on Friday, August 16th. Finally, StockNews.com raised shares of BRF from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.

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