Brf S.A. (BRFS) to Issue — Dividend of $0.02 on January 9th

Brf S.A. (NYSE:BRFS) announced a — dividend on Thursday, December 5th,Wall Street Journal reports. Investors of record on Wednesday, December 18th will be paid a dividend of 0.0217 per share on Thursday, January 9th. This represents a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 18th.

BRF Price Performance

BRFS stock traded down $0.03 during mid-day trading on Friday, reaching $4.66. The company’s stock had a trading volume of 1,978,565 shares, compared to its average volume of 2,554,191. BRF has a fifty-two week low of $2.45 and a fifty-two week high of $4.76. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The stock has a market cap of $5.04 billion, a PE ratio of 10.83, a P/E/G ratio of 0.25 and a beta of 1.90. The company’s 50 day moving average is $4.32 and its two-hundred day moving average is $4.15.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Bank of America increased their price objective on BRF from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Barclays boosted their price objective on BRF from $4.50 to $5.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, BRF has a consensus rating of “Moderate Buy” and an average price target of $10.70.

BRF Company Profile

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.