BRF SA (BRFS) Upgraded by Zacks Investment Research to “Hold”
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. “
BRF SA (NYSE:BRFS) traded down 0.63% during mid-day trading on Thursday, hitting $17.27. 331,724 shares of the stock were exchanged. The company has a market cap of $13.80 billion, a P/E ratio of 19.32 and a beta of 1.03. BRF SA has a one year low of $11.05 and a one year high of $18.12. The company has a 50-day moving average price of $16.96 and a 200-day moving average price of $15.03.
BRF SA (NYSE:BRFS) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.27. Analysts forecast that BRF SA will post $1.19 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in BRFS. Macquarie Group Ltd. boosted its stake 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 period. Cohen & Steers Inc. boosted its stake in BRF SA by 112.2% in the second quarter. Cohen & Steers Inc. now owns 119,100 shares of the company’s stock valued at $1,659,000 after buying an additional 62,978 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in BRF SA by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 459,741 shares of the company’s stock valued at $6,405,000 after buying an additional 12,886 shares during the period. Highbridge Capital Management LLC purchased a new stake in BRF SA during the second quarter valued at approximately $235,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in BRF SA during the second quarter valued at approximately $15,580,000. Institutional investors own 7.39% of the company’s stock.
BRF SA Company Profile
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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