Bank of America Corp DE Has $1.02 Million Position in Brf S.A. (NYSE:BRFS)

Bank of America Corp DE cut its holdings in Brf S.A. (NYSE:BRFS - Free Report) by 36.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 250,367 shares of the company's stock after selling 141,320 shares during the quarter. Bank of America Corp DE's holdings in BRF were worth $1,019,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in BRFS. Headlands Technologies LLC acquired a new stake in BRF in the 4th quarter valued at about $55,000. QRG Capital Management Inc. bought a new stake in shares of BRF during the fourth quarter valued at approximately $72,000. Blue Trust Inc. increased its holdings in shares of BRF by 55.8% in the fourth quarter. Blue Trust Inc. now owns 27,106 shares of the company's stock valued at $118,000 after purchasing an additional 9,709 shares in the last quarter. Mariner LLC increased its holdings in shares of BRF by 26.7% in the fourth quarter. Mariner LLC now owns 41,864 shares of the company's stock valued at $170,000 after purchasing an additional 8,815 shares in the last quarter. Finally, Two Sigma Securities LLC raised its position in BRF by 15.3% in the 4th quarter. Two Sigma Securities LLC now owns 49,704 shares of the company's stock worth $202,000 after purchasing an additional 6,597 shares during the last quarter. 4.76% of the stock is owned by institutional investors.

BRF Trading Up 3.4%

NYSE BRFS traded up $0.13 during trading hours on Tuesday, hitting $3.84. The company's stock had a trading volume of 3,355,594 shares, compared to its average volume of 2,568,679. Brf S.A. has a twelve month low of $2.99 and a twelve month high of $4.87. The firm has a market capitalization of $4.15 billion, a P/E ratio of 8.92, a PEG ratio of 0.19 and a beta of 1.33. 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 stock has a fifty day moving average of $3.60 and a 200 day moving average of $3.72.

BRF (NYSE:BRFS - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. BRF had a return on equity of 19.66% and a net margin of 6.52%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $15.78 billion. Equities research analysts forecast that Brf S.A. will post 0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays reissued an "equal weight" rating and issued a $3.50 target price (down from $5.00) on shares of BRF in a research note on Monday, May 19th. Wall Street Zen cut BRF from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

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.