Sumitomo Mitsui Trust Holdings Inc. Has $3.34 Million Holdings in Brf S.A. (NYSE:BRFS)

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Sumitomo Mitsui Trust Holdings Inc. raised its position in Brf S.A. (NYSE:BRFS) by 1,147.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 364,579 shares of the company’s stock after purchasing an additional 335,359 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in BRF were worth $3,340,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BRFS. Daiwa Securities Group Inc. boosted its position in BRF by 273.8% in the second quarter. Daiwa Securities Group Inc. now owns 161,500 shares of the company’s stock valued at $1,227,000 after buying an additional 118,300 shares in the last quarter. Atlas Capital Advisors LLC boosted its position in BRF by 1,167.8% in the second quarter. Atlas Capital Advisors LLC now owns 27,917 shares of the company’s stock valued at $212,000 after buying an additional 25,715 shares in the last quarter. Aperio Group LLC boosted its position in BRF by 21.7% in the second quarter. Aperio Group LLC now owns 162,143 shares of the company’s stock valued at $1,232,000 after buying an additional 28,904 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in BRF by 217.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 524,100 shares of the company’s stock valued at $3,983,000 after buying an additional 359,132 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in BRF by 0.6% in the second quarter. Wells Fargo & Company MN now owns 12,723,162 shares of the company’s stock valued at $96,696,000 after buying an additional 70,067 shares in the last quarter. Hedge funds and other institutional investors own 10.79% of the company’s stock.

BRFS has been the topic of a number of research reports. Citigroup lowered shares of BRF from a “neutral” rating to a “sell” rating in a research report on Monday, July 29th. ValuEngine lowered shares of BRF from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Barclays set a $12.00 target price on shares of BRF and gave the stock a “buy” rating in a research report on Monday, August 12th. HSBC lowered shares of BRF from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Finally, BBA Icatu Securities upgraded shares of BRF from a “market perform” rating to an “outperform” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $10.00.

Shares of BRFS stock traded down $0.40 during trading hours on Tuesday, reaching $7.94. 5,094,705 shares of the company were exchanged, compared to its average volume of 3,813,005. Brf S.A. has a fifty-two week low of $4.99 and a fifty-two week high of $9.96. The stock’s fifty day moving average is $8.96 and its two-hundred day moving average is $8.50. The company has a market cap of $6.66 billion, a price-to-earnings ratio of -14.70 and a beta of 0.70. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.15 and a quick ratio of 0.76.

About BRF

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

Further Reading: Basic Economics

Want to see what other hedge funds are holding BRFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brf S.A. (NYSE:BRFS).

Institutional Ownership by Quarter for BRF (NYSE:BRFS)

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