Aberdeen Asset Management PLC UK Increases Holdings in BRF S.A. (BRFS)

Aberdeen Asset Management PLC UK boosted its position in BRF S.A. (NYSE:BRFS) by 75.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,207,150 shares of the company’s stock after purchasing an additional 517,200 shares during the period. Aberdeen Asset Management PLC UK owned about 0.15% of BRF worth $14,233,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BRFS. Baldwin Investment Management LLC boosted its position in BRF by 1.1% in the second quarter. Baldwin Investment Management LLC now owns 10,365 shares of the company’s stock worth $122,000 after purchasing an additional 111 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in BRF in the first quarter worth about $138,000. Oppenheimer Asset Management Inc. purchased a new position in BRF in the second quarter worth about $139,000. Kissinger Financial Services LLC purchased a new position in BRF in the second quarter worth about $148,000. Finally, Gould Asset Management LLC CA boosted its position in BRF by 4.0% in the first quarter. Gould Asset Management LLC CA now owns 12,576 shares of the company’s stock worth $154,000 after purchasing an additional 485 shares during the last quarter. 7.92% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. BidaskClub downgraded BRF from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Citigroup Inc. downgraded BRF from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. Barclays PLC assumed coverage on BRF in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $14.00 price objective on the stock. Zacks Investment Research raised BRF from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. Finally, Bank of America Corporation reaffirmed a “buy” rating on shares of BRF in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $14.00.

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BRF S.A. (NYSE:BRFS) opened at 14.24 on Tuesday. BRF S.A. has a 1-year low of $10.60 and a 1-year high of $18.12. The stock has a 50 day moving average price of $12.87 and a 200 day moving average price of $12.62. The company’s market cap is $11.38 billion.

BRF Profile

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.

Institutional Ownership by Quarter for BRF (NYSE:BRFS)

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