Today: Today, BRF SA (BRFS) Raised to “Hold” at The Zacks Investment Research

Today, BRF SA (BRFS) Raised to “Hold” at The Zacks Investment Research

BRF SA (NYSE:BRFS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “BRF Brasil Foods SA, formerly Perdigao S.A., is a Brazil-based food company focused on the production and sale of poultry, pork, beef cuts, milk, dairy products, and processed food products. The Company’s products include frozen whole and cut chickens; frozen pork cuts and beef cuts; processed food products, such as marinated frozen whole and cut chickens, roosters (sold under the Chester brand) and turkeys; specialty meats, such as sausages, ham products, bologna, frankfurters, salamis, bacon and other smoked products; frozen processed meats, such as hamburgers, steaks, breaded meat products, kibes and meatballs, and frozen processed vegetarian foods; frozen prepared entrees, such as lasagnas and pizzas, as well as other frozen foods, including vegetables, cheese bread and pies; dairy products, such as cheeses, powdered milk and yogurts; juices, soy milk and soy juices; margarine; milk, and soy meal and refined soy flour, as well as animal feed. “

Shares of BRF SA (NYSE:BRFS) traded down 1.08% during trading on Friday, hitting $15.50. The stock had a trading volume of 607,814 shares. The firm has a market cap of $12.38 billion, a PE ratio of 28.76 and a beta of 0.85. The stock has a 50 day moving average of $16.51 and a 200 day moving average of $15.54. BRF SA has a 52-week low of $11.05 and a 52-week high of $18.12.

Several large investors have recently bought and sold shares of BRFS. BlackRock Group LTD boosted its stake in BRF SA by 16.8% in the third quarter. BlackRock Group LTD now owns 3,794,151 shares of the company’s stock worth $64,728,000 after buying an additional 546,144 shares during the last quarter. Macquarie Group Ltd. increased its position in BRF SA by 39.5% in the second quarter. Macquarie Group Ltd. now owns 2,554,773 shares of the company’s stock valued at $35,590,000 after buying an additional 723,841 shares during the last quarter. Wells Fargo & Company MN increased its position in BRF SA by 0.9% in the third quarter. Wells Fargo & Company MN now owns 2,481,704 shares of the company’s stock valued at $42,338,000 after buying an additional 21,619 shares during the last quarter. Oxford Asset Management increased its position in BRF SA by 18.7% in the second quarter. Oxford Asset Management now owns 2,259,849 shares of the company’s stock valued at $31,480,000 after buying an additional 356,184 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in BRF SA by 13.7% in the third quarter. BlackRock Fund Advisors now owns 1,621,427 shares of the company’s stock valued at $27,662,000 after buying an additional 195,651 shares during the last quarter. Hedge funds and other institutional investors own 8.42% of the company’s stock.

About BRF SA

BRF SA (BRF) is a food company that focuses on the production and sale of poultry, pork and processed foods. The Company produces fresh and frozen protein foods, with a portfolio of over four thousand stock keeping units (SKUs). It sells margarine, sweet specialties, sandwiches, mayonnaise and animal feed.

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