BRF (NYSE:BRFS) Trading 2.7% Higher – Here’s What Happened

Brf S.A. (NYSE:BRFS)’s share price was up 2.7% on Monday . The company traded as high as $4.18 and last traded at $4.16. Approximately 431,590 shares were traded during trading, a decline of 85% from the average daily volume of 2,867,531 shares. The stock had previously closed at $4.05.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, BRF currently has an average rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Price Performance

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 company’s 50 day moving average is $4.37 and its 200-day moving average is $4.25. The stock has a market cap of $4.41 billion, a PE ratio of 9.47, a P/E/G ratio of 0.25 and a beta of 1.89.

BRF Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th will be issued a dividend of $0.0217 per share. The ex-dividend date is Wednesday, December 18th. This represents a yield of 1.6%. BRF’s dividend payout ratio is presently 18.60%.

Institutional Trading of BRF

A number of hedge funds and other institutional investors have recently made changes to their positions in BRFS. Commonwealth Equity Services LLC acquired a new stake in shares of BRF during the second quarter worth $377,000. Natixis Advisors LLC acquired a new position in shares of BRF during the second quarter valued at $496,000. Acadian Asset Management LLC acquired a new position in BRF during the 2nd quarter valued at about $1,133,000. Ballentine Partners LLC bought a new position in BRF in the 2nd quarter worth approximately $77,000. Finally, American Century Companies Inc. increased its position in BRF by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 837,401 shares of the company’s stock valued at $3,408,000 after acquiring an additional 45,061 shares during the period. Institutional investors own 4.76% of the company’s stock.

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.