Bank of America Corp DE Lowers Position in Brf S.A. (NYSE:BRFS)

Bank of America Corp DE decreased its holdings in Brf S.A. (NYSE:BRFS - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 250,367 shares of the company's stock after selling 141,320 shares during the period. Bank of America Corp DE's holdings in BRF were worth $1,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BRFS. Renaissance Technologies LLC lifted 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 purchasing an additional 1,096,016 shares during the last quarter. Marshall Wace LLP increased its stake in shares of BRF by 16.0% in the fourth quarter. Marshall Wace LLP now owns 4,975,651 shares of the company's stock valued at $20,251,000 after buying an additional 687,243 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in BRF in the 4th quarter valued at approximately $9,258,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in BRF by 75.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,121,828 shares of the company's stock worth $8,636,000 after buying an additional 913,453 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of BRF by 5.3% during the fourth quarter. American Century Companies Inc. now owns 1,019,237 shares of the company's stock worth $4,148,000 after purchasing an additional 51,581 shares during the period. 4.76% of the stock is currently owned by institutional investors.

BRF Stock Up 2.1%

NYSE BRFS traded up $0.08 during mid-day trading on Monday, hitting $3.70. The company's stock had a trading volume of 1,739,932 shares, compared to its average volume of 2,553,861. 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 $4.00 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 0.19 and a beta of 1.33. The company's 50 day simple moving average is $3.59 and its 200 day simple moving average is $3.72. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05.

BRF (NYSE:BRFS - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.12 EPS for the quarter, topping the consensus estimate 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%. Analysts anticipate that Brf S.A. will post 0.45 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on BRFS. Wall Street Zen downgraded shares of BRF from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Barclays reiterated an "equal weight" rating and set a $3.50 price target (down from $5.00) on shares of BRF in a report on Monday, May 19th.

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.