UBS Switzerland AG recently announced the acquisition of new stake in BRF S.A. ADR (NYSE:BRFS). The institutional investor has increased its shareholding in the Consumer Defensive company by 67.01% to 13.0 million shares with purchase of 5.22 million shares. This fresh investment now brings its stake to 0.77% valued currently at $36.14 million. In addition, Macquarie Investment Management B raised its holdings by 0.12 million to 9.36 million shares. And Ninety One UK Ltd. has lifted its position by 69.38% or 3.59 million shares – to 8.78 million shares.
Currently, there are 1.68B common shares owned by the public and among those 1.68B shares have been available to trade.
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The top 3 mutual fund holders in BRF S.A. ADR are Delaware Emerging Markets Fund, Ninety One Glb. Strat. Fd. – Glob, and Old Westbury Small & Mid Cap Stra. Delaware Emerging Markets Fund owns 6.85 million shares of the company’s stock, all valued at over $19.04 million. Ninety One Glb. Strat. Fd. – Glob sold -2.94 million shares to see its total holdings shrink to 5.02 million shares valued at over $13.95 million and representing 0.30% of the shares outstanding. Old Westbury Small & Mid Cap Stra now owns shares totaling to 0.16% of the shares outstanding.
However, the script later moved the day high at 2.9200, up 6.99%. The company’s stock has a 5-day price change of 11.07% and 37.26% over the past three months. BRFS shares are trading 4.68% year to date (YTD), with the 12-month market performance up to 84.18% higher. It has a 12-month low price of $1.05 and touched a high of $3.09 over the same period. BRFS has an average intraday trading volume of 4.47 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.42%, 6.81%, and 41.92% respectively.
Institutional ownership of BRF S.A. ADR (NYSE: BRFS) shares accounts for 5.20% of the company’s 1.68B shares outstanding. Mutual fund holders own 1.42%, while other institutional holders and individual stakeholders account for 3.77% and — respectively.
It has a market capitalization of $4.88B and a beta (3y monthly) value of 1.92. The earnings-per-share (ttm) stands at -$0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.42% over the week and 3.37% over the month.
Analysts forecast that BRF S.A. ADR (BRFS) will achieve an EPS of $0.03 for the current quarter, -$0.02 for the next quarter and $0.01 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was -$0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 32.70%, and 106.88% over the next financial year.
