Navellier & Associates Inc. Acquires 5,977 Shares of Brf S.A. (NYSE:BRFS)

Navellier & Associates Inc. lifted its holdings in Brf S.A. (NYSE:BRFS) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 234,706 shares of the company’s stock after buying an additional 5,977 shares during the quarter. Navellier & Associates Inc.’s holdings in BRF were worth $955,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. TD Private Client Wealth LLC bought a new position in shares of BRF in the third quarter valued at about $27,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of BRF in the fourth quarter valued at about $43,000. PFG Investments LLC bought a new position in shares of BRF in the fourth quarter valued at about $51,000. US Bancorp DE raised its holdings in shares of BRF by 127.1% in the third quarter. US Bancorp DE now owns 15,871 shares of the company’s stock valued at $69,000 after buying an additional 8,882 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of BRF by 39.9% in the third quarter. Blue Trust Inc. now owns 17,397 shares of the company’s stock valued at $71,000 after buying an additional 4,966 shares during the last quarter. 4.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BRFS has been the subject of a number of research analyst reports. Citigroup raised BRF from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, BRF has a consensus rating of “Buy” and a consensus target price of $10.70.

BRF Stock Performance

Shares of NYSE:BRFS opened at $3.36 on Friday. The stock has a market capitalization of $3.63 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.19 and a beta of 1.86. Brf S.A. has a 1-year low of $2.67 and a 1-year high of $4.87. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average price of $3.84 and a two-hundred day moving average price of $4.20.

BRF Cuts Dividend

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

BRF Company 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.