Natixis Advisors LLC Acquires 119,346 Shares of Brf S.A. (NYSE:BRFS)

Natixis Advisors LLC grew its holdings in shares of Brf S.A. (NYSE:BRFS - Free Report) by 97.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,221 shares of the company's stock after purchasing an additional 119,346 shares during the quarter. Natixis Advisors LLC's holdings in BRF were worth $1,054,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hsbc Holdings PLC increased its position in shares of BRF by 886.7% during the 2nd quarter. Hsbc Holdings PLC now owns 230,636 shares of the company's stock valued at $939,000 after purchasing an additional 207,262 shares during the last quarter. Marshall Wace LLP increased its position in shares of BRF by 534.6% during the 2nd quarter. Marshall Wace LLP now owns 4,623,075 shares of the company's stock valued at $18,816,000 after purchasing an additional 3,894,533 shares during the last quarter. Signaturefd LLC increased its position in shares of BRF by 13.0% during the 3rd 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. Acadian Asset Management LLC purchased a new stake in shares of BRF during the 2nd quarter valued at $1,133,000. Finally, Ballentine Partners LLC purchased a new stake in shares of BRF during the 2nd quarter valued at $77,000. 4.76% of the stock is owned by hedge funds and other institutional investors.

BRF Stock Down 3.4 %

BRFS stock opened at $4.21 on Wednesday. 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 capitalization of $4.56 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.23 and a beta of 1.93. Brf S.A. has a fifty-two week low of $2.45 and a fifty-two week high of $4.76. The stock has a fifty day moving average of $4.35 and a 200-day moving average of $4.11.

BRF Increases Dividend

The business also recently announced a -- dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 27th will be paid a $0.1001 dividend. The ex-dividend date is Wednesday, November 27th. This represents a yield of 1.8%. This is an increase from BRF's previous -- dividend of $0.03.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BRFS shares. Bank of America raised their target price on BRF from $22.00 to $24.00 and gave the company a "neutral" rating in a research report on Thursday, August 15th. Barclays increased their price target on BRF from $4.50 to $5.00 and gave the stock an "overweight" rating in a research note on Friday, August 16th. Finally, StockNews.com upgraded 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.