Ninety One UK Ltd Lowers Stock Position in Brf S.A. (NYSE:BRFS)

Ninety One UK Ltd lowered its stake in shares of Brf S.A. (NYSE:BRFS - Free Report) by 50.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,376,896 shares of the company's stock after selling 4,399,392 shares during the quarter. Ninety One UK Ltd owned 0.40% of BRF worth $12,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. UBS Group AG increased its position in shares of BRF by 62.7% during the third quarter. UBS Group AG now owns 13,902,531 shares of the company's stock worth $28,500,000 after acquiring an additional 5,357,987 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of BRF by 29.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,182 shares of the company's stock worth $136,000 after purchasing an additional 15,018 shares in the last quarter. Banco Santander S.A. grew its stake in shares of BRF by 16.6% during the third quarter. Banco Santander S.A. now owns 360,994 shares of the company's stock worth $740,000 after purchasing an additional 51,454 shares in the last quarter. Greytown Advisors Inc. acquired a new position in shares of BRF during the third quarter worth $75,000. Finally, JPMorgan Chase & Co. grew its stake in shares of BRF by 505,985.7% during the second quarter. JPMorgan Chase & Co. now owns 35,426 shares of the company's stock worth $67,000 after purchasing an additional 35,419 shares in the last quarter. Hedge funds and other institutional investors own 4.76% of the company's stock.

BRF Stock Performance

NYSE BRFS traded up $0.01 during trading hours on Friday, hitting $3.28. The company had a trading volume of 2,517,508 shares, compared to its average volume of 3,520,752. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.86 and a current ratio of 1.34. Brf S.A. has a 1-year low of $1.15 and a 1-year high of $3.52. The company has a market cap of $3.55 billion, a PE ratio of -17.26 and a beta of 1.95. The business has a 50 day moving average of $3.17 and a 200-day moving average of $2.79.

BRF (NYSE:BRFS - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. BRF had a negative net margin of 2.29% and a negative return on equity of 8.52%. The company had revenue of $1.69 billion during the quarter. As a group, equities research analysts expect that Brf S.A. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BRFS. The Goldman Sachs Group upgraded shares of BRF from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $1.90 to $3.10 in a research note on Monday. Barclays upgraded shares of BRF from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $2.50 to $4.00 in a research note on Monday, March 4th. JPMorgan Chase & Co. upgraded shares of BRF from a "neutral" rating to an "overweight" rating in a research note on Monday. Finally, StockNews.com upgraded shares of BRF from a "hold" rating to a "buy" rating in a research note on Friday, March 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $3.55.

About BRF

BRF SA engages in raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and turkey; processed food products, such as marinated, frozen, whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, chicken hot dogs, and chicken bologna.