Baldwin Investment Management LLC boosted its stake in shares of Brf S.A. (NYSE:BRFS) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,365 shares of the company’s stock after buying an additional 111 shares during the period. Baldwin Investment Management LLC’s holdings in Brf were worth $122,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. UBS Asset Management Americas Inc. bought a new position in Brf during the fourth quarter valued at about $1,048,000. Wells Fargo & Company MN raised its position in Brf by 14.8% in the first quarter. Wells Fargo & Company MN now owns 2,857,982 shares of the company’s stock valued at $35,011,000 after buying an additional 367,537 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Brf during the first quarter valued at about $269,000. Insight 2811 Inc. raised its position in Brf by 13.6% in the first quarter. Insight 2811 Inc. now owns 13,523 shares of the company’s stock valued at $166,000 after buying an additional 1,621 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Brf by 154.1% in the first quarter. Bank of New York Mellon Corp now owns 684,182 shares of the company’s stock valued at $8,381,000 after buying an additional 414,876 shares during the last quarter. Hedge funds and other institutional investors own 7.92% of the company’s stock.

Brf S.A. (NYSE BRFS) opened at 13.18 on Thursday. The company’s 50-day moving average price is $12.30 and its 200 day moving average price is $12.65. The company’s market capitalization is $10.53 billion. Brf S.A. has a 52-week low of $10.60 and a 52-week high of $18.12.

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BRFS has been the topic of several recent research reports. BidaskClub lowered Brf from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Citigroup Inc. lowered Brf from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. Barclays PLC initiated coverage on Brf in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $14.00 price target on the stock. Zacks Investment Research upgraded Brf from a “sell” rating to a “hold” rating in a research report on Monday, May 29th. Finally, Bank of America Corporation restated a “buy” rating on shares of Brf in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.00.

Brf Company 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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