Sumitomo Mitsui Trust Holdings Inc. Has $3.34 Million Holdings in Brf S.A. (NYSE:BRFS)

Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Brf S.A. (NYSE:BRFS) by 1,147.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 364,579 shares of the company’s stock after purchasing an additional 335,359 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in BRF were worth $3,340,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BRFS. Daiwa Securities Group Inc. lifted its stake in shares of BRF by 273.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 161,500 shares of the company’s stock valued at $1,227,000 after purchasing an additional 118,300 shares during the last quarter. Atlas Capital Advisors LLC lifted its stake in shares of BRF by 1,167.8% in the 2nd quarter. Atlas Capital Advisors LLC now owns 27,917 shares of the company’s stock valued at $212,000 after purchasing an additional 25,715 shares during the last quarter. Aperio Group LLC lifted its stake in shares of BRF by 21.7% in the 2nd quarter. Aperio Group LLC now owns 162,143 shares of the company’s stock valued at $1,232,000 after purchasing an additional 28,904 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of BRF by 217.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 524,100 shares of the company’s stock valued at $3,983,000 after purchasing an additional 359,132 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of BRF by 0.6% in the 2nd quarter. Wells Fargo & Company MN now owns 12,723,162 shares of the company’s stock valued at $96,696,000 after purchasing an additional 70,067 shares during the last quarter. 10.79% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. BBA Icatu Securities raised shares of BRF from a “market perform” rating to an “outperform” rating in a research note on Monday, July 22nd. Zacks Investment Research upgraded shares of BRF from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Wednesday, October 9th. Barclays set a $12.00 target price on shares of BRF and gave the stock a “buy” rating in a report on Monday, August 12th. HSBC downgraded shares of BRF from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Finally, Citigroup downgraded shares of BRF from a “neutral” rating to a “sell” rating in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $10.00.

BRFS traded down $0.40 during trading on Tuesday, hitting $7.94. The stock had a trading volume of 5,094,705 shares, compared to its average volume of 3,813,005. The firm has a market cap of $6.66 billion, a PE ratio of -14.70 and a beta of 0.70. Brf S.A. has a 12 month low of $4.99 and a 12 month high of $9.96. The company has a current ratio of 1.15, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. The company has a 50 day simple moving average of $8.96 and a 200-day simple moving average of $8.50.

About BRF

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, frozen vegetables, and soybean by-products. Its product portfolio comprises whole chickens and frozen cuts of chicken, turkey, and pork; ham products, bologna, sausages, frankfurters, and other smoked products; hamburgers, breaded meat products, and meatballs; lasagnas, pizzas, cheese breads, pies, and frozen vegetables; margarine; and soy meal and refined soy flour, as well as animal feed.

See Also: Why do companies engage in swaps?

Institutional Ownership by Quarter for BRF (NYSE:BRFS)

Receive News & Ratings for BRF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRF and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit