Navellier & Associates Inc. Has $955,000 Stock Position in Brf S.A. (NYSE:BRFS)

Navellier & Associates Inc. lifted its stake in Brf S.A. (NYSE:BRFS) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 234,706 shares of the company’s stock after acquiring an additional 5,977 shares during the period. Navellier & Associates Inc.’s holdings in BRF were worth $955,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BRFS. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of BRF by 660.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,208,375 shares of the company’s stock worth $5,281,000 after acquiring an additional 1,049,373 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in BRF during the third quarter worth $826,000. Natixis Advisors LLC boosted its stake in BRF by 97.9% during the third quarter. Natixis Advisors LLC now owns 241,221 shares of the company’s stock worth $1,054,000 after buying an additional 119,346 shares in the last quarter. Quantbot Technologies LP boosted its stake in BRF by 345.9% during the third quarter. Quantbot Technologies LP now owns 107,749 shares of the company’s stock worth $471,000 after buying an additional 83,584 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new stake in BRF during the third quarter worth $317,000. Institutional investors and hedge funds own 4.76% of the company’s stock.

BRF Stock Up 0.8 %

Shares of NYSE:BRFS opened at $3.36 on Friday. Brf S.A. has a 52 week low of $2.67 and a 52 week high of $4.87. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.45. The company’s fifty day moving average is $3.84 and its 200-day moving average is $4.20. The company has a market capitalization of $3.63 billion, a PE ratio of 7.80, a P/E/G ratio of 0.19 and a beta of 1.86.

BRF Cuts Dividend

The company also recently announced a — dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid a $0.0217 dividend. The ex-dividend date was Wednesday, December 18th. This represents a dividend yield of 1.6%. BRF’s dividend payout ratio is presently 20.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $10.70.

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.