15 Best Penny Stocks to Buy According to Billionaires

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10. BRF S.A. (NYSE:BRFS)

Price: $3.18

Number of Hedge Fund Holders: 16 

Number of Billionaire Investors: 7

Total Value of Billionaire Holdings: $64,303,180

BRF S.A. (NYSE:BRFS) is a multinational Brazilian food processing company specializing in protein products and processed foods. The company operates through multiple business segments and brands. Its operations are segmented into geographic regions including Brazil, Latin America, the Middle East and North America, Africa, and others.

On February 27, Barclays analyst Benjamin Theurer maintained a Buy rating on the stocks with a price target of $5.00. BRF S.A. (NYSE:BRFS) achieved record-breaking financial performance in 2024, driven by operational efficiency, strategic execution, and market leadership. The company grew its revenue by 14% year-over-year to reach R$61.4 billion, which is the highest in its history. The processed products led the revenue with innovations and expanded launches boosting sales. Moreover, the company also experienced an increased customer base of 327,000 customers with improved shelf-space allocation and adherence to pricing strategies. Looking ahead, management has allocated R$3.3 billion to growth initiatives, including the acquisition of 50% of Gelprime to enter the gelatin/collagen segment. It is one of the best penny stocks to buy according to billionaires.

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