Robeco Institutional Asset Management B.V. Invests $117,000 in Brf S.A. (NYSE:BRFS)

Robeco Institutional Asset Management B.V. acquired a new position in shares of Brf S.A. (NYSE:BRFS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,786 shares of the company’s stock, valued at approximately $117,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in BRF by 660.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock valued at $5,281,000 after acquiring an additional 1,049,373 shares during the last quarter. State Street Corp boosted its holdings in shares of BRF by 2.3% in the 3rd quarter. State Street Corp now owns 1,006,059 shares of the company’s stock valued at $4,396,000 after purchasing an additional 22,608 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of BRF by 97.9% in the 3rd quarter. Natixis Advisors LLC now owns 241,221 shares of the company’s stock valued at $1,054,000 after purchasing an additional 119,346 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of BRF during the 3rd quarter worth $826,000. Finally, XTX Topco Ltd lifted its position in shares of BRF by 142.6% during the 3rd quarter. XTX Topco Ltd now owns 113,266 shares of the company’s stock worth $495,000 after buying an additional 66,583 shares during the last quarter. 4.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BRFS shares. StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th. Citigroup upgraded BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $10.70.

BRF Stock Down 3.1 %

NYSE:BRFS opened at $3.60 on Wednesday. The firm’s 50 day simple moving average is $4.10 and its 200 day simple moving average is $4.22. 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 one year low of $2.67 and a one year high of $4.87. The company has a market cap of $3.89 billion, a PE ratio of 8.36, a P/E/G ratio of 0.21 and a beta of 1.86.

BRF Cuts Dividend

The firm also recently declared a — dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.0217 per share. This represents a dividend yield of 1.6%. The ex-dividend date was Wednesday, December 18th. BRF’s payout ratio is currently 20.93%.

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.