Brf S.A. (NYSE:BRFS) Holdings Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its position in Brf S.A. (NYSE:BRFS - Free Report) by 660.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,208,375 shares of the company's stock after purchasing an additional 1,049,373 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.11% of BRF worth $5,281,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Natixis Advisors LLC boosted its position in BRF by 97.9% during the 3rd quarter. Natixis Advisors LLC now owns 241,221 shares of the company's stock worth $1,054,000 after purchasing an additional 119,346 shares during the period. Assetmark Inc. purchased a new stake in shares of BRF during the 3rd quarter valued at about $78,000. US Bancorp DE lifted its position in BRF by 127.1% during the 3rd quarter. US Bancorp DE now owns 15,871 shares of the company's stock worth $69,000 after acquiring an additional 8,882 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new position in BRF in the 3rd quarter worth approximately $317,000. Finally, Signaturefd LLC grew its position 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 acquiring an additional 3,618 shares in the last quarter. Hedge funds and other institutional investors own 4.76% of the company's stock.

Analysts Set New Price Targets

BRFS has been the topic of a number of recent research reports. Bank of America boosted their target price on shares of BRF from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Thursday, August 15th. Barclays upped 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. Finally, StockNews.com upgraded BRF from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Two equities research 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $10.70.

BRF Stock Performance

Shares of BRFS traded up $0.02 during mid-day trading on Friday, hitting $4.34. The stock had a trading volume of 1,628,664 shares, compared to its average volume of 2,686,407. The company's fifty day simple moving average is $4.36 and its two-hundred day simple moving average is $4.11. 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 market cap of $4.70 billion, a PE ratio of 10.09, a PEG ratio of 0.23 and a beta of 1.93. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05.

BRF Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th will be issued a $0.1001 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from BRF's previous -- dividend of $0.03. This represents a dividend yield of 1.8%. BRF's payout ratio is 16.28%.

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.