UBS Switzerland AG has recently announced that it has increased stake in BRF S.A. ADR (NYSE:BRFS) by 67.01%. After grabbing 13.0 million shares, the institutional investor is now in possession of 5.22 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 0.77% having worth around $26.91 million. Moreover, Macquarie Investment Management B increased its share by 0.12 million to have a control over 9.36 million shares. And Ninety One UK Ltd. raised its holdings to 3.59 million shares by acquiring 8.78 million shares or 0.52% of the stake.
BRF S.A. ADR (BRFS) concluded trading on 12/14/23 at a closing price of $2.80, with 4.18 million shares of worth about $11.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.86% during that period and on Thursday the price saw a gain of about 0.36%. Currently the company’s common shares owned by public are about 1.68B shares, out of which, 1.68B shares are available for trading.
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Ninety One Glb. Strat. Fd. – Glob, Delaware Emerging Markets Fund, and Allspring Emerging Markets Equity are the top 3 mutual funds which are holding stakes in BRF S.A. ADR Ninety One Glb. Strat. Fd. – Glob is currently holding 7.96 million shares of worth totaling $16.48 million. The company recently came buying 2.53 million shares which brought its stake up to 0.47% of the company’s outstanding shares. Allspring Emerging Markets Equity, after selling 3.97 million shares, have now control over 0.24% of the stake in the company. It holds -2.7 million shares of worth $8.22 million.
However, the stock later moved at a day high price of 2.8200, or with a gain of 0.36%. Stock saw a price change of 0.72% in past 5 days and over the past one month there was a price change of 8.53%. Year-to-date (YTD), BRFS shares are showing a performance of 77.22% which increased to 105.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.05 but also hit the highest price of $3.09 during that period. The average intraday trading volume for BRF S.A. ADR shares is 4.79 million. The stock is currently trading -1.70% below its 20-day simple moving average (SMA20), while that difference is up 14.05% for SMA50 and it goes to 49.27% higher than SMA200.
UBS Switzerland AG acquired 13.0 million shares of BRF S.A. ADR having value of about $26.91 million. Data submitted at the U.S SEC by UBS Switzerland AG revealed that the firm now holds 5.22 million shares in the company valued at close to $14605001.6, or have control over 67.01% stake in the company. BRF S.A. ADR (NYSE: BRFS) currently have 1.68B outstanding shares and institutions hold larger chunk of about 5.31% of that. Holding of mutual funds in the company is about 1.89% while other institutional holders and individual stake holders have control over 3.41% and — of the stake respectively.
The stock has a current market capitalization of $4.70B and its 3Y-monthly beta is at 1.94. It has posted earnings per share of -$0.65 in the same period. It has Quick Ratio of 0.80 while making debt-to-equity ratio of 1.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BRFS, volatility over the week remained 2.49% while standing at 3.75% over the month.
Analysts are in expectations that BRF S.A. ADR (BRFS) stock would likely to be making an EPS of $0.1 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is $0.11 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.26 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 40.37% while it is estimated to increase by 112.32% in next year.
