5% Stake of Brf S.A. (BRFS) Held by Gic Private Ltd

Gic Private Ltd

stated that they own 5% of Brf S.A. (NYSE:BRFS) in a Form 13D/A disclosure that was filed with the SEC on Thursday, December 7th. The investor owns 40,383,355 shares of the stock worth $461,985,581. The reporting parties listed on the disclosure included Gic Private Limited and Fireflies LLC. The filing is available through Edgar at this link.

Gic Private Ltd

provided the following explanation of their ownership:

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following information:
The response to Item 3 is incorporated by reference herein.

Several other hedge funds have also modified their holdings of BRFS. Baldwin Investment Management LLC boosted its holdings in BRF by 1.1% in the second quarter. Baldwin Investment Management LLC now owns 10,365 shares of the company’s stock valued at $122,000 after purchasing an additional 111 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of BRF during the 2nd quarter worth about $139,000. D.A. Davidson & CO. purchased a new stake in shares of BRF during the 2nd quarter worth about $192,000. Legal & General Group Plc boosted its stake in shares of BRF by 23.2% during the 2nd quarter. Legal & General Group Plc now owns 18,968 shares of the company’s stock worth $224,000 after acquiring an additional 3,578 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of BRF during the 3rd quarter worth about $240,000. 7.74% of the stock is currently owned by institutional investors and hedge funds.

BRFS has been the subject of several research analyst reports. BidaskClub upgraded shares of BRF from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded shares of BRF from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd. Finally, J P Morgan Chase & Co upgraded shares of BRF from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $16.00 in a report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Brf S.A. (BRFS) traded down $0.18 during mid-day trading on Thursday, reaching $11.44. 2,934,400 shares of the company’s stock were exchanged, compared to its average volume of 2,010,629. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.52 and a quick ratio of 1.05. Brf S.A. has a 12 month low of $10.60 and a 12 month high of $15.50.

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BRF Profile

BRF SA is a multinational Brazilian company that owns a diverse portfolio of products and is a producer of foods. The Company’s segments include Brazil, Latin America (LATAM), Europe, Middle East and North of Africa (MENA), Asia, Africa and Other Segments. These segments include sales of all distribution channels and operations subdivided in to poultry, pork and other, processed, and other sales.

Institutional Ownership by Quarter for BRF (NYSE:BRFS)

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