Brf S.A. (NYSE:BRFS) Declares $0.35 -- Dividend

Key Points

• Brf S.A. has declared a dividend of $0.35 per share, payable on October 9th to shareholders on record by September 22nd, indicating a significant yield of 230.0%.
• BRF reported a net revenue of $2.85 billion for the last quarter but missed analyst estimates, posting an EPS of only $0.08 against a forecast of $0.11.
• Institutional investors have heavily increased their stakes in BRF, with Millennium Management LLC raising its holdings by 26.5% and Arrowstreet Capital boosting theirs by 232.4%.

Brf S.A. (NYSE:BRFS - Get Free Report) announced a -- dividend on Wednesday, September 10th, Wall Street Journal reports. Shareholders of record on Monday, September 22nd will be paid a dividend of 0.3483 per share on Thursday, October 9th. This represents a yield of 230.0%. The ex-dividend date is Monday, September 22nd.

BRF Stock Performance

BRFS stock traded up $0.15 during trading hours on Wednesday, hitting $3.76. 1,413,134 shares of the stock were exchanged, compared to its average volume of 2,929,397. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $4.06 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.22 and a beta of 1.44. The company has a 50-day simple moving average of $3.68 and a two-hundred day simple moving average of $3.58. BRF has a 12 month low of $2.99 and a 12 month high of $4.87.

BRF (NYSE:BRFS - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.03). BRF had a return on equity of 20.20% and a net margin of 5.84%.The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $15.29 billion. On average, analysts forecast that BRF will post 0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRF

A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC increased its holdings in shares of BRF by 26.5% during the first quarter. Millennium Management LLC now owns 5,634,548 shares of the company's stock valued at $19,383,000 after acquiring an additional 1,180,453 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of BRF by 232.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,997,994 shares of the company's stock valued at $14,593,000 after acquiring an additional 2,795,130 shares in the last quarter. Two Sigma Investments LP grew its holdings in BRF by 4.3% during the fourth quarter. Two Sigma Investments LP now owns 2,217,514 shares of the company's stock worth $9,025,000 after buying an additional 91,268 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in BRF by 137.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,669,527 shares of the company's stock worth $5,743,000 after buying an additional 966,539 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in BRF by 21.1% during the second quarter. American Century Companies Inc. now owns 1,347,502 shares of the company's stock worth $4,918,000 after buying an additional 234,367 shares in the last quarter. 4.76% of the stock is currently owned by institutional investors.

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.

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