Polunin Capital Partners Ltd Trims Stake in Brf S.A. (NYSE:BRFS)

Polunin Capital Partners Ltd cut its stake in Brf S.A. (NYSE:BRFS - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,229,964 shares of the company's stock after selling 150,700 shares during the quarter. BRF accounts for about 16.5% of Polunin Capital Partners Ltd's portfolio, making the stock its 2nd biggest position. Polunin Capital Partners Ltd owned approximately 1.59% of BRF worth $64,593,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Natixis Advisors LLC increased its position in shares of BRF by 97.9% during 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. Signaturefd LLC lifted its stake in BRF by 13.0% in the third quarter. Signaturefd LLC now owns 31,495 shares of the company's stock valued at $138,000 after purchasing an additional 3,618 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in BRF by 660.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company's stock valued at $5,281,000 after purchasing an additional 1,049,373 shares during the period. US Bancorp DE increased its position in BRF by 127.1% in the third quarter. US Bancorp DE now owns 15,871 shares of the company's stock worth $69,000 after buying an additional 8,882 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of BRF by 55.8% during the 4th quarter. Blue Trust Inc. now owns 27,106 shares of the company's stock valued at $118,000 after buying an additional 9,709 shares during the last quarter. Institutional investors own 4.76% of the company's stock.

BRF Price Performance

BRF stock traded down $0.06 during midday trading on Tuesday, reaching $3.67. 805,091 shares of the stock were exchanged, compared to its average volume of 1,894,018. The company's fifty day moving average is $4.06 and its 200-day moving average is $4.22. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. Brf S.A. has a 52 week low of $2.67 and a 52 week high of $4.87. The firm has a market cap of $3.97 billion, a PE ratio of 8.52, a PEG ratio of 0.21 and a beta of 1.86.

BRF Cuts Dividend

The firm also recently announced a -- dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were given a dividend of $0.0217 per share. This represents a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, December 18th. BRF's payout ratio is 20.93%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BRFS. StockNews.com upgraded BRF from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 20th. Citigroup raised shares of BRF from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. 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 stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price 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.