Brf S.A. (NYSE:BRFS) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in shares of Brf S.A. (NYSE:BRFS - Free Report) by 218.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 870,300 shares of the company's stock after acquiring an additional 596,963 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of BRF worth $3,542,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. bought a new stake in BRF during the 4th quarter valued at about $43,000. PFG Investments LLC bought a new stake in shares of BRF in the fourth quarter worth approximately $51,000. Headlands Technologies LLC bought a new stake in shares of BRF in the fourth quarter worth approximately $55,000. QRG Capital Management Inc. bought a new stake in shares of BRF in the fourth quarter worth approximately $72,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of BRF in the fourth quarter worth approximately $117,000. 4.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRFS has been the subject of several recent research reports. StockNews.com upgraded shares of BRF from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 24th. Citigroup raised shares of BRF from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd.

BRF Stock Performance

BRFS stock traded up $0.07 during trading on Monday, reaching $3.45. The company had a trading volume of 2,941,828 shares, compared to its average volume of 2,318,547. The firm has a 50-day simple moving average of $3.49 and a 200-day simple moving average of $3.82. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 0.19 and a beta of 1.44. 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 twelve month low of $2.99 and a twelve month high of $4.87.

BRF (NYSE:BRFS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.11). The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.72 billion. BRF had a return on equity of 19.66% and a net margin of 6.52%. As a group, sell-side analysts expect that Brf S.A. will post 0.45 earnings per share 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.