Northern Trust Corp Increases Holdings in Brf S.A. (NYSE:BRFS)

Northern Trust Corp raised its holdings in shares of Brf S.A. (NYSE:BRFS - Free Report) by 176.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,360 shares of the company's stock after purchasing an additional 141,409 shares during the period. Northern Trust Corp's holdings in BRF were worth $901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PFG Investments LLC purchased a new stake in shares of BRF in the 4th quarter worth approximately $51,000. Headlands Technologies LLC purchased a new stake in shares of BRF in the 4th quarter worth approximately $55,000. QRG Capital Management Inc. purchased a new stake in shares of BRF in the 4th quarter worth approximately $72,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of BRF in the 4th quarter worth approximately $117,000. Finally, 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. Hedge funds and other institutional investors own 4.76% of the company's stock.

Wall Street Analyst Weigh In

BRFS has been the topic of a number of recent research reports. Barclays reaffirmed an "equal weight" rating and issued a $3.50 target price (down from $5.00) on shares of BRF in a report 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 Price Performance

Shares of BRF stock traded up $0.04 during trading on Tuesday, reaching $3.60. 107,420 shares of the stock traded hands, compared to its average volume of 2,524,942. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 8.37, a P/E/G ratio of 0.19 and a beta of 1.44. The business has a fifty day simple moving average of $3.58 and a two-hundred day simple moving average of $3.74. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. Brf S.A. has a 52-week low of $2.99 and a 52-week high of $4.87.

BRF (NYSE:BRFS - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $15.78 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. Sell-side analysts expect that Brf S.A. will post 0.45 EPS for the current 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.