Brf S.A. (NYSE:BRFS) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its stake in Brf S.A. (NYSE:BRFS) by 99.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,276 shares of the company’s stock after acquiring an additional 53,039 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in BRF were worth $464,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BRFS. Connor Clark & Lunn Investment Management Ltd. lifted its position in BRF by 660.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock valued at $5,281,000 after buying an additional 1,049,373 shares in the last quarter. Natixis Advisors LLC lifted its position in BRF by 97.9% during the third quarter. Natixis Advisors LLC now owns 241,221 shares of the company’s stock valued at $1,054,000 after buying an additional 119,346 shares in the last quarter. Assetmark Inc. acquired a new position in BRF during the third quarter valued at approximately $78,000. US Bancorp DE lifted its position in BRF by 127.1% during the third quarter. US Bancorp DE now owns 15,871 shares of the company’s stock valued at $69,000 after buying an additional 8,882 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new position in BRF during the third quarter valued at approximately $317,000. 4.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BRFS has been the topic of a number of recent research reports. Bank of America lifted their price target on shares of BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Barclays lifted their price target on shares of BRF from $4.50 to $5.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, StockNews.com raised shares of BRF from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.70.

BRF Trading Down 0.7 %

NYSE BRFS opened at $4.13 on Friday. The company’s fifty day simple moving average is $4.33 and its 200-day simple moving average is $4.12. Brf S.A. has a 52 week low of $2.45 and a 52 week high of $4.76. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The stock has a market cap of $4.47 billion, a P/E ratio of 9.67, a PEG ratio of 0.22 and a beta of 1.93.

BRF Increases Dividend

The business also recently declared a — dividend, which will be paid on Monday, December 16th. Investors of record on Wednesday, November 27th will be paid a $0.1001 dividend. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from BRF’s previous — dividend of $0.03. BRF’s payout ratio is 16.28%.

About BRF

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.