Gould Asset Management LLC CA Lowers Position in Brf S.A. (NYSE:BRFS)

Gould Asset Management LLC CA cut its stake in Brf S.A. (NYSE:BRFS) by 23.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,405 shares of the company’s stock after selling 21,685 shares during the quarter. Gould Asset Management LLC CA’s holdings in BRF were worth $199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its position in BRF by 29.4% in the 3rd 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 during the period. Greytown Advisors Inc. purchased a new position in shares of BRF during the 3rd quarter worth $75,000. Banco Santander S.A. boosted its stake in shares of BRF by 16.6% during the 3rd quarter. Banco Santander S.A. now owns 360,994 shares of the company’s stock worth $740,000 after acquiring an additional 51,454 shares during the last quarter. UBS Group AG boosted its stake in shares of BRF by 62.7% during the 3rd 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 last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of BRF during the 4th quarter worth $102,000. Institutional investors own 4.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on BRFS shares. StockNews.com upgraded shares of BRF from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. upgraded shares of BRF from a “neutral” rating to an “overweight” rating in a report on Monday, April 15th. Barclays upgraded shares of BRF from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $2.50 to $4.00 in a report on Monday, March 4th. Finally, The Goldman Sachs Group upgraded shares of BRF from a “sell” rating to a “neutral” rating and upped their price target for the company from $1.90 to $3.10 in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3.55.

BRF Trading Up 2.2 %

BRFS stock traded up $0.07 during mid-day trading on Friday, reaching $3.45. The company had a trading volume of 2,050,772 shares, compared to its average volume of 3,520,409. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.86. The company has a market capitalization of $3.73 billion, a PE ratio of -18.13 and a beta of 1.95. The firm has a 50 day moving average of $3.22 and a 200 day moving average of $2.84. Brf S.A. has a 12 month low of $1.16 and a 12 month high of $3.52.

BRF (NYSE:BRFS) last issued its earnings results on Monday, February 26th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The business had revenue of $1.69 billion for the quarter. BRF had a negative net margin of 2.29% and a negative return on equity of 8.52%. On average, equities analysts predict that Brf S.A. will post 0.21 earnings per share for the current fiscal year.

BRF Company Profile

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.