Macquarie Group Ltd. increased its stake in shares of BRF SA (NYSE:BRFS) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,750,237 shares of the company’s stock after buying an additional 7,705 shares during the period. Macquarie Group Ltd. owned approximately 0.34% of BRF SA worth $40,589,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. BlackRock Group LTD boosted its stake in shares of BRF SA by 16.8% in the third quarter. BlackRock Group LTD now owns 3,794,151 shares of the company’s stock valued at $64,728,000 after buying an additional 546,144 shares in the last quarter. Wells Fargo & Company MN raised its position in BRF SA by 0.9% in the third quarter. Wells Fargo & Company MN now owns 2,481,704 shares of the company’s stock worth $42,338,000 after buying an additional 21,619 shares during the last quarter. Norges Bank acquired a new position in BRF SA during the fourth quarter worth approximately $29,955,000. BlackRock Fund Advisors raised its position 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. Finally, Ameriprise Financial Inc. raised its position in shares of BRF SA by 12,551.5% in the third quarter. Ameriprise Financial Inc. now owns 1,394,828 shares of the company’s stock valued at $23,796,000 after buying an additional 1,383,803 shares in the last quarter. Institutional investors own 7.74% of the company’s stock.
BRF SA (NYSE:BRFS) traded up 0.31% during trading on Thursday, hitting $12.82. The stock had a trading volume of 942,142 shares. The firm’s market cap is $10.24 billion. The company’s 50 day moving average is $12.31 and its 200 day moving average is $14.43. BRF SA has a 52-week low of $10.60 and a 52-week high of $18.12.
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Several brokerages have recently issued reports on BRFS. JPMorgan Chase & Co. lowered BRF SA from an “overweight” rating to a “neutral” rating in a research report on Monday, January 9th. Zacks Investment Research raised BRF SA from a “sell” rating to a “hold” rating in a research report on Tuesday, December 27th. Finally, Deutsche Bank AG lowered BRF SA from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th.
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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