Brf S.A. (NYSE:BRFS) is Polunin Capital Partners Ltd’s 2nd Largest Position

Polunin Capital Partners Ltd decreased its stake in Brf S.A. (NYSE:BRFS) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,229,964 shares of the company’s stock after selling 150,700 shares during the period. BRF accounts for about 16.5% of Polunin Capital Partners Ltd’s holdings, making the stock its 2nd biggest position. Polunin Capital Partners Ltd owned about 1.59% of BRF worth $64,593,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Natixis Advisors LLC grew its holdings in shares of BRF by 97.9% during the 3rd quarter. Natixis Advisors LLC now owns 241,221 shares of the company’s stock valued at $1,054,000 after purchasing an additional 119,346 shares during the last quarter. Signaturefd LLC lifted its holdings in BRF by 13.0% in the third quarter. Signaturefd LLC now owns 31,495 shares of the company’s stock worth $138,000 after buying an additional 3,618 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in BRF by 660.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock valued at $5,281,000 after buying an additional 1,049,373 shares during the period. US Bancorp DE boosted its holdings in shares of BRF by 127.1% during the 3rd 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 in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of BRF in the 3rd quarter worth about $826,000. 4.76% of the stock is owned by hedge funds and other institutional investors.

BRF Stock Performance

BRFS stock opened at $3.70 on Friday. The stock has a market capitalization of $4.00 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 0.21 and a beta of 1.86. The stock’s 50 day simple moving average is $4.08 and its 200 day simple moving average is $4.22. Brf S.A. has a 12-month low of $2.67 and a 12-month 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.

BRF Cuts Dividend

The business also recently announced a — dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were given a $0.0217 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, December 18th. BRF’s dividend payout ratio (DPR) is presently 20.93%.

Wall Street Analyst Weigh In

BRFS has been the topic of several research reports. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BRF presently has a consensus rating of “Buy” and an average price target of $10.70.

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.