Kapitalo Investimentos Ltda Makes New $663,000 Investment in Brf S.A. (NYSE:BRFS)

Kapitalo Investimentos Ltda purchased a new position in Brf S.A. (NYSE:BRFS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 163,014 shares of the company’s stock, valued at approximately $663,000. BRF accounts for approximately 0.4% of Kapitalo Investimentos Ltda’s portfolio, making the stock its 16th largest position.

Other hedge funds also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. bought a new position in BRF in the 4th quarter valued at $43,000. PFG Investments LLC purchased a new stake in shares of BRF in the fourth quarter worth $51,000. Headlands Technologies LLC purchased a new stake in shares of BRF in the 4th quarter valued at about $55,000. QRG Capital Management Inc. bought a new stake in shares of BRF during the 4th quarter valued at about $72,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of BRF during the fourth quarter worth about $117,000. 4.76% of the stock is currently owned by hedge funds and other institutional investors.

BRF Stock Performance

Shares of NYSE BRFS opened at $4.00 on Wednesday. The stock’s 50-day moving average is $3.41 and its 200 day moving average is $3.86. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 0.19 and a beta of 1.51. Brf S.A. has a 1-year low of $2.99 and a 1-year high of $4.87. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05.

BRF (NYSE:BRFS) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). BRF had a return on equity of 19.66% and a net margin of 6.52%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.72 billion. On average, sell-side analysts anticipate that Brf S.A. will post 0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BRFS has been the subject of several research analyst reports. Citigroup upgraded shares of BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 24th.

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.