Public Employees Retirement System of Ohio Buys Shares of 189,045 Brf S.A. (NYSE:BRFS)

Public Employees Retirement System of Ohio acquired a new position in shares of Brf S.A. (NYSE:BRFS - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 189,045 shares of the company's stock, valued at approximately $826,000.

Several other large investors also recently made changes to their positions in BRFS. XTX Topco Ltd raised its position in BRF by 142.6% during the third quarter. XTX Topco Ltd now owns 113,266 shares of the company's stock worth $495,000 after acquiring an additional 66,583 shares in the last quarter. State Street Corp increased its stake in shares of BRF by 2.3% during the 3rd quarter. State Street Corp now owns 1,006,059 shares of the company's stock worth $4,396,000 after purchasing an additional 22,608 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of BRF in the 3rd quarter valued at about $186,000. Quantbot Technologies LP lifted its stake in BRF by 345.9% in the 3rd quarter. Quantbot Technologies LP now owns 107,749 shares of the company's stock valued at $471,000 after purchasing an additional 83,584 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its holdings in BRF by 99.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 106,276 shares of the company's stock worth $464,000 after purchasing an additional 53,039 shares during the period. Institutional investors and hedge funds own 4.76% of the company's stock.

BRF Stock Performance

BRFS traded up $0.07 on Friday, reaching $4.35. The company had a trading volume of 5,323,611 shares, compared to its average volume of 2,897,254. The stock has a market cap of $4.71 billion, a P/E ratio of 10.12, a P/E/G ratio of 0.25 and a beta of 1.89. 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 fifty-two week low of $2.45 and a fifty-two week high of $4.87. The company's fifty day moving average is $4.37 and its 200 day moving average is $4.20.

BRF Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.0217 per share. The ex-dividend date is Wednesday, December 18th. This represents a dividend yield of 1.6%. BRF's dividend payout ratio (DPR) is currently 18.60%.

Analyst Upgrades and Downgrades

Separately, 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 assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $10.70.

About BRF

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.