D. E. Shaw & Co. Inc. Cuts Stock Position in Brf S.A. (NYSE:BRFS)

D. E. Shaw & Co. Inc. decreased its position in shares of Brf S.A. (NYSE:BRFS - Free Report) by 11.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,135,982 shares of the company's stock after selling 265,943 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.20% of BRF worth $8,693,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC grew its stake in BRF by 16.6% in the 4th quarter. Renaissance Technologies LLC now owns 7,682,476 shares of the company's stock valued at $31,268,000 after acquiring an additional 1,096,016 shares during the period. Marshall Wace LLP grew its stake in BRF by 16.0% in the 4th quarter. Marshall Wace LLP now owns 4,975,651 shares of the company's stock valued at $20,251,000 after acquiring an additional 687,243 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in BRF in the 4th quarter valued at $9,258,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in BRF by 75.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company's stock valued at $8,636,000 after acquiring an additional 913,453 shares during the period. Finally, American Century Companies Inc. grew its stake in BRF by 5.3% in the 4th quarter. American Century Companies Inc. now owns 1,019,237 shares of the company's stock valued at $4,148,000 after acquiring an additional 51,581 shares during the period. Institutional investors and hedge funds own 4.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup raised shares of BRF from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. StockNews.com lowered BRF from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th.

BRF Trading Up 1.0%

Shares of NYSE:BRFS traded up $0.04 during midday trading on Friday, reaching $3.63. 19,837,030 shares of the company's stock were exchanged, compared to its average volume of 2,417,482. The firm's 50 day simple moving average is $3.52 and its two-hundred day simple moving average is $3.80. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 0.19 and a beta of 1.44. Brf S.A. has a fifty-two week low of $2.99 and a fifty-two week high of $4.87.

BRF (NYSE:BRFS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $15.78 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. As a group, sell-side analysts forecast that Brf S.A. will post 0.45 EPS for the current fiscal year.

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.