Brf S.A. (BRFS) Shares Sold by Standard Life Aberdeen plc

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Standard Life Aberdeen plc cut its stake in Brf S.A. (NYSE:BRFS) by 85.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 202,107 shares of the company’s stock after selling 1,155,743 shares during the quarter. Standard Life Aberdeen plc’s holdings in BRF were worth $1,144,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of BRF by 37.3% during the second quarter. Bank of America Corp DE now owns 41,486 shares of the company’s stock valued at $194,000 after buying an additional 11,263 shares during the period. Bank of New York Mellon Corp increased its stake in shares of BRF by 34.8% during the second quarter. Bank of New York Mellon Corp now owns 1,082,995 shares of the company’s stock valued at $5,069,000 after buying an additional 279,760 shares during the period. Northern Trust Corp increased its stake in shares of BRF by 9.0% during the second quarter. Northern Trust Corp now owns 729,713 shares of the company’s stock valued at $3,415,000 after buying an additional 60,523 shares during the period. Alliancebernstein L.P. increased its stake in shares of BRF by 20.3% during the third quarter. Alliancebernstein L.P. now owns 160,679 shares of the company’s stock valued at $881,000 after buying an additional 27,155 shares during the period. Finally, BlackRock Inc. increased its stake in shares of BRF by 15.6% during the third quarter. BlackRock Inc. now owns 3,831,830 shares of the company’s stock valued at $20,999,000 after buying an additional 518,415 shares during the period. 10.28% of the stock is owned by institutional investors.

NYSE BRFS opened at $5.90 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 1.31. Brf S.A. has a twelve month low of $4.65 and a twelve month high of $7.66. The company has a market cap of $4.79 billion, a P/E ratio of -10.93 and a beta of 0.54.

Several equities analysts have recently issued reports on BRFS shares. Barclays reissued a “buy” rating and set a $7.00 target price on shares of BRF in a research note on Sunday, March 3rd. ValuEngine lowered BRF from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research lowered BRF from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.00.

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BRF Company Profile

BRF SA focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, sauce, mayonnaise, 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, mustard and ketchup, and sauces and mayonnaise; and soy meal and refined soy flour, as well as animal feed.

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Institutional Ownership by Quarter for BRF (NYSE:BRFS)

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