State of New Jersey Common Pension Fund D decreased its stake in BRF S.A. (NYSE:BRFS) by 23.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,316 shares of the company’s stock after selling 19,201 shares during the period. State of New Jersey Common Pension Fund D’s holdings in BRF were worth $735,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. increased its stake in shares of BRF by 10.4% in the first quarter. Ameriprise Financial Inc. now owns 1,800,093 shares of the company’s stock valued at $22,051,000 after buying an additional 170,052 shares during the last quarter. Sei Investments Co. increased its stake in shares of BRF by 10.0% in the first quarter. Sei Investments Co. now owns 289,593 shares of the company’s stock valued at $3,548,000 after buying an additional 26,428 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of BRF during the first quarter valued at approximately $1,474,000. UBS Asset Management Americas Inc. increased its stake in shares of BRF by 74.8% in the first quarter. UBS Asset Management Americas Inc. now owns 124,100 shares of the company’s stock valued at $1,520,000 after buying an additional 53,100 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of BRF by 1.3% in the first quarter. Comerica Bank now owns 46,624 shares of the company’s stock valued at $573,000 after buying an additional 605 shares during the last quarter. 9.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of BRF S.A. (NYSE BRFS) opened at 12.92 on Monday. The firm’s market cap is $10.32 billion. BRF S.A. has a 1-year low of $10.60 and a 1-year high of $18.12. The firm has a 50 day moving average price of $12.11 and a 200 day moving average price of $12.68.

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Several analysts recently commented on the company. Zacks Investment Research raised BRF from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. Bank of America Corporation reissued a “buy” rating on shares of BRF in a research note on Thursday, May 25th. BidaskClub raised BRF from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. 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 target on the stock. Finally, Citigroup Inc. downgraded BRF from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

About BRF

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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