Fiera Capital Corp Buys New Position in BRF S.A. (BRFS)
Fiera Capital Corp bought a new position in shares of BRF S.A. (NYSE:BRFS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 868,874 shares of the company’s stock, valued at approximately $10,244,000. Fiera Capital Corp owned about 0.11% of BRF as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of BRFS. Baldwin Investment Management LLC lifted its stake in BRF by 1.1% during the second quarter. Baldwin Investment Management LLC now owns 10,365 shares of the company’s stock worth $122,000 after purchasing an additional 111 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in BRF during the second quarter worth approximately $139,000. Kissinger Financial Services LLC purchased a new stake in BRF during the second quarter worth approximately $148,000. Gould Asset Management LLC CA lifted its stake in BRF by 4.0% during the first quarter. Gould Asset Management LLC CA now owns 12,576 shares of the company’s stock worth $154,000 after purchasing an additional 485 shares during the last quarter. Finally, Capital One National Association purchased a new stake in BRF during the second quarter worth approximately $195,000. Hedge funds and other institutional investors own 7.92% of the company’s stock.
Shares of BRF S.A. (NYSE:BRFS) opened at 14.79 on Friday. The company’s 50-day moving average price is $13.22 and its 200 day moving average price is $12.68. The stock’s market cap is $11.82 billion. BRF S.A. has a 1-year low of $10.60 and a 1-year high of $18.12.
Several equities research analysts recently weighed in on BRFS shares. BidaskClub cut BRF from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Citigroup Inc. cut BRF from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. Barclays PLC started coverage on BRF in a research note on Tuesday, June 6th. They set an “equal weight” rating and a $14.00 target price for the company. Zacks Investment Research upgraded BRF from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. Finally, Bank of America Corporation restated a “buy” rating on shares of BRF in a research note on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.00.
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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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