BRF S.A. (BRFS) Position Reduced by Vanguard Group Inc.
Vanguard Group Inc. lowered its position in shares of BRF S.A. (NYSE:BRFS) by 6.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,275,816 shares of the company’s stock after selling 216,065 shares during the period. Vanguard Group Inc.’s holdings in BRF were worth $40,129,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC bought a new position in BRF during the first quarter worth $138,000. Harel Insurance Investments & Financial Services Ltd. raised its position in BRF by 5.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,059 shares of the company’s stock worth $148,000 after buying an additional 600 shares during the last quarter. Gould Asset Management LLC CA raised its position in BRF by 4.0% in the first quarter. Gould Asset Management LLC CA now owns 12,576 shares of the company’s stock worth $154,000 after buying an additional 485 shares during the last quarter. 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 worth $166,000 after buying an additional 1,621 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new position in BRF during the first quarter worth $269,000. 9.66% of the stock is owned by institutional investors and hedge funds.
Shares of BRF S.A. (BRFS) traded down 0.39% during mid-day trading on Monday, hitting $12.79. The stock had a trading volume of 104,768 shares. The stock’s 50-day moving average is $11.95 and its 200 day moving average is $12.74. BRF S.A. has a 12 month low of $10.60 and a 12 month high of $18.12. The company’s market cap is $10.22 billion.
A number of analysts have recently issued reports on the company. Bank of America Corporation reiterated a “buy” rating on shares of BRF in a research report on Thursday, May 25th. Barclays PLC assumed coverage on BRF in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $14.00 price target for the company. Zacks Investment Research upgraded BRF from a “sell” rating to a “hold” rating in a research report on Monday, May 29th. Citigroup Inc. downgraded BRF from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. Finally, BidaskClub downgraded BRF from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. BRF has an average rating of “Hold” and an average price target of $14.00.
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.
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