Hennion & Walsh Asset Management Inc. Purchases New Position in Brf S.A. (NYSE:BRFS)

Hennion & Walsh Asset Management Inc. bought a new position in shares of Brf S.A. (NYSE:BRFS) during the fourth quarter, Holdings Channel.com reports. The fund bought 10,507 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC acquired a new stake in BRF in the third quarter valued at about $27,000. SPX Gestao de Recursos Ltda acquired a new stake in BRF in the second quarter valued at $58,000. US Bancorp DE increased its holdings in BRF by 127.1% during the 3rd quarter. US Bancorp DE now owns 15,871 shares of the company’s stock valued at $69,000 after acquiring an additional 8,882 shares in the last quarter. Blue Trust Inc. increased its stake in shares of BRF by 39.9% during the 3rd quarter. Blue Trust Inc. now owns 17,397 shares of the company’s stock worth $71,000 after purchasing an additional 4,966 shares in the last quarter. Finally, Assetmark Inc. acquired a new position in shares of BRF in the third quarter worth $78,000. Hedge funds and other institutional investors own 4.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

BRF Price Performance

Shares of BRFS stock opened at $3.72 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.45 and a quick ratio of 0.93. The firm has a market cap of $4.02 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.21 and a beta of 1.88. Brf S.A. has a 1-year low of $2.67 and a 1-year high of $4.87. The firm has a fifty day moving average of $4.20 and a two-hundred day moving average of $4.24.

BRF Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were given a dividend of $0.0217 per share. The ex-dividend date was Wednesday, December 18th. This represents a yield of 1.6%. BRF’s dividend payout ratio is currently 20.93%.

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.