Natixis Advisors LLC Has $533,000 Holdings in Brf S.A. (NYSE:BRFS)

Natixis Advisors LLC reduced its stake in Brf S.A. (NYSE:BRFS - Free Report) by 45.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,058 shares of the company's stock after selling 110,163 shares during the period. Natixis Advisors LLC's holdings in BRF were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BRFS. Connor Clark & Lunn Investment Management Ltd. raised its position in BRF by 75.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company's stock valued at $8,636,000 after purchasing an additional 913,453 shares during the last quarter. State Street Corp increased its stake in shares of BRF by 2.3% in the third quarter. State Street Corp now owns 1,006,059 shares of the company's stock valued at $4,396,000 after buying an additional 22,608 shares during the period. Navellier & Associates Inc. raised its holdings in BRF by 2.6% in the 4th quarter. Navellier & Associates Inc. now owns 234,706 shares of the company's stock valued at $955,000 after buying an additional 5,977 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in BRF during the 3rd quarter worth approximately $826,000. Finally, XTX Topco Ltd boosted its position in BRF by 142.6% during the 3rd quarter. XTX Topco Ltd now owns 113,266 shares of the company's stock worth $495,000 after buying an additional 66,583 shares during the period. 4.76% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. StockNews.com cut shares of BRF from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Citigroup upgraded 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, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $10.70.

BRF Trading Up 1.0 %

BRF stock traded up $0.04 during mid-day trading on Monday, hitting $3.45. 1,237,607 shares of the stock were exchanged, compared to its average volume of 2,529,896. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 0.19 and a beta of 1.90. Brf S.A. has a 12 month low of $2.99 and a 12 month high of $4.87. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The firm's fifty day simple moving average is $3.44 and its two-hundred day simple moving average is $3.99.

BRF (NYSE:BRFS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.11). The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. Analysts forecast that Brf S.A. will post 0.45 EPS for the current year.

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.