CPB Inc. (NYSE:CPF - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.81 and traded as high as $35.03. CPB shares last traded at $34.6420, with a volume of 100,706 shares.
Analyst Upgrades and Downgrades
CPF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of CPB from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Thursday, April 9th. Piper Sandler decreased their price objective on shares of CPB from $39.00 to $37.00 and set an "overweight" rating for the company in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, CPB presently has an average rating of "Moderate Buy" and a consensus target price of $37.00.
View Our Latest Research Report on CPB
CPB Trading Down 0.5%
The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market cap of $904.16 million, a PE ratio of 11.59 and a beta of 0.86. The business's 50-day simple moving average is $32.65 and its 200-day simple moving average is $31.81.
CPB (NYSE:CPF - Get Free Report) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. CPB had a net margin of 21.96% and a return on equity of 13.93%. The company had revenue of $72.93 million during the quarter, compared to the consensus estimate of $74.30 million. As a group, analysts expect that CPB Inc. will post 3.31 EPS for the current fiscal year.
CPB Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.29 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 3.3%. CPB's dividend payout ratio is presently 38.80%.
Institutional Investors Weigh In On CPB
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC lifted its position in CPB by 4.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,023 shares of the financial services provider's stock worth $281,000 after buying an additional 369 shares in the last quarter. Royal Bank of Canada lifted its position in CPB by 30.0% in the 4th quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider's stock worth $51,000 after buying an additional 376 shares in the last quarter. WINTON GROUP Ltd lifted its position in CPB by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 44,388 shares of the financial services provider's stock worth $1,383,000 after buying an additional 472 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in CPB by 3.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 14,398 shares of the financial services provider's stock worth $460,000 after buying an additional 523 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in CPB by 2.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,163 shares of the financial services provider's stock worth $763,000 after buying an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 88.42% of the company's stock.
About CPB
(
Get Free Report)
Charoen Pokphand Foods Public Company Limited NYSE: CPF is a Thailand‐based integrated agro‐industrial and food conglomerate. Headquartered in Bangkok, the company is a subsidiary of the Charoen Pokphand Group and has grown into one of the world's leading producers of livestock feed, meat and seafood products. CPF's businesses span animal feed milling, animal breeding and hatchery operations, meat and seafood processing, and the distribution of fresh, frozen and value‐added food products.
CPF's product portfolio includes poultry, swine and aquaculture feed; fresh and frozen chicken and pork; shrimp and other seafood; as well as ready‐to‐eat and ready‐to‐cook food items.
Further Reading
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