Millennium Management LLC Has $18.13 Million 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,454,095 shares of the company's stock after acquiring an additional 1,996,890 shares during the quarter. Millennium Management LLC owned approximately 0.41% of BRF worth $18,128,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BRFS. Graham Capital Management L.P. lifted its stake in BRF by 535.4% in the fourth quarter. Graham Capital Management L.P. now owns 94,194 shares of the company's stock valued at $383,000 after acquiring an additional 79,370 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in BRF in the fourth quarter valued at approximately $663,000. Northern Trust Corp lifted its stake in BRF by 176.9% in the fourth quarter. Northern Trust Corp now owns 221,360 shares of the company's stock valued at $901,000 after acquiring an additional 141,409 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in BRF by 218.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 870,300 shares of the company's stock valued at $3,542,000 after acquiring an additional 596,963 shares during the last quarter. Finally, Two Sigma Securities LLC lifted its stake in BRF by 15.3% in the fourth quarter. Two Sigma Securities LLC now owns 49,704 shares of the company's stock valued at $202,000 after acquiring an additional 6,597 shares during the last quarter. Institutional investors own 4.76% of the company's stock.

BRF Stock Performance

Shares of BRF stock traded down $0.11 on Tuesday, reaching $3.59. The stock had a trading volume of 3,786,730 shares, compared to its average volume of 2,521,634. The business's 50-day moving average price is $3.57 and its two-hundred day moving average price is $3.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. Brf S.A. has a fifty-two week low of $2.99 and a fifty-two week high of $4.87. The stock has a market cap of $3.89 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 0.19 and a beta of 1.44.

BRF (NYSE:BRFS - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. BRF had a net margin of 6.52% and a return on equity of 19.66%. The business had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $15.78 billion. On average, sell-side analysts forecast that Brf S.A. will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

BRFS has been the subject of a number of analyst reports. Wall Street Zen cut shares of BRF from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays reiterated 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.

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.