Millennium Management LLC Raises Holdings in Brf S.A. (NYSE:BRFS)

Millennium Management LLC raised its holdings in shares of Brf S.A. (NYSE:BRFS - Free Report) by 81.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,454,095 shares of the company's stock after purchasing an additional 1,996,890 shares during the period. Millennium Management LLC owned approximately 0.41% of BRF worth $18,128,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BRFS. Hennion & Walsh Asset Management Inc. purchased a new stake in BRF during the 4th quarter valued at $43,000. PFG Investments LLC purchased a new stake in BRF during the 4th quarter valued at $51,000. Blue Trust Inc. boosted its stake in BRF by 55.8% during the 4th 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 during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in BRF during the 4th quarter valued at $117,000. Finally, Navellier & Associates Inc. boosted its stake in BRF by 2.6% during the 4th quarter. Navellier & Associates Inc. now owns 234,706 shares of the company's stock valued at $955,000 after purchasing an additional 5,977 shares during the last quarter. 4.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BRFS has been the topic of several recent analyst reports. StockNews.com downgraded BRF from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Barclays restated an "equal weight" rating and issued a $3.50 price target (down from $5.00) on shares of BRF in a research note on Monday. Finally, Citigroup upgraded BRF from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd.

BRF Stock Performance

BRFS stock opened at $3.70 on Thursday. The company has a market cap of $4.00 billion, a P/E ratio of 8.59, a price-to-earnings-growth ratio of 0.19 and a beta of 1.44. Brf S.A. has a 1 year low of $2.99 and a 1 year high of $4.87. 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's fifty day moving average price is $3.54 and its 200-day moving average price is $3.79.

BRF (NYSE:BRFS - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. 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 for 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%. On average, equities analysts forecast that Brf S.A. will post 0.45 earnings per share for the current year.

BRF 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.

Want to see what other hedge funds are holding BRFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brf S.A. (NYSE:BRFS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.