BRF SA’s (BRFS) “Buy” Rating Reiterated at Bank of America Corp
BRF SA (NYSE:BRFS)‘s stock had its “buy” rating restated by equities research analysts at Bank of America Corp in a report released on Thursday.
Separately, Zacks Investment Research cut BRF SA from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 1st.
Shares of BRF SA (NYSE:BRFS) traded up 1.94% during trading on Thursday, hitting $14.19. The stock had a trading volume of 4,385,574 shares. BRF SA has a 52 week low of $10.60 and a 52 week high of $18.12. The firm has a 50-day moving average price of $13.03 and a 200 day moving average price of $13.70. The company’s market capitalization is $11.34 billion.
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Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its stake in shares of BRF SA by 0.9% in the third quarter. Wells Fargo & Company MN now owns 2,481,704 shares of the company’s stock valued at $42,338,000 after buying an additional 21,619 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of BRF SA during the third quarter valued at $4,746,000. BlackRock Fund Advisors boosted its stake in shares of BRF SA by 13.7% in the third quarter. BlackRock Fund Advisors now owns 1,621,427 shares of the company’s stock valued at $27,662,000 after buying an additional 195,651 shares in the last quarter. Capital International Sarl boosted its stake in shares of BRF SA by 17.7% in the third quarter. Capital International Sarl now owns 106,500 shares of the company’s stock valued at $1,817,000 after buying an additional 16,000 shares in the last quarter. Finally, Gould Asset Management LLC CA boosted its stake in shares of BRF SA by 4.9% in the fourth quarter. Gould Asset Management LLC CA now owns 12,091 shares of the company’s stock valued at $178,000 after buying an additional 570 shares in the last quarter. Institutional investors own 7.74% of the company’s stock.
About BRF SA
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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