CPB Inc. (NYSE:CPF – Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $36.43 and last traded at $36.2420, with a volume of 105114 shares changing hands. The stock had previously closed at $35.60.
Wall Street Analyst Weigh In
A number of research firms have recently commented on CPF. Keefe, Bruyette & Woods increased their target price on CPB from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Thursday, April 9th. Piper Sandler lowered their target price on CPB from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Finally, Weiss Ratings upgraded CPB from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, June 5th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, CPB presently has a consensus rating of “Moderate Buy” and an average price target of $37.00.
Read Our Latest Stock Report on CPB
CPB Stock Performance
CPB (NYSE:CPF – Get Free Report) last issued its quarterly 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. The company had revenue of $72.93 million during the quarter, compared to the consensus estimate of $74.30 million. CPB had a return on equity of 13.93% and a net margin of 21.96%. On average, sell-side analysts anticipate that CPB Inc. will post 3.17 EPS for the current year.
CPB Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors 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 3.2%. CPB’s dividend payout ratio (DPR) is currently 38.80%.
Institutional Trading of CPB
Institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. lifted its position in CPB by 535.4% in the third quarter. Hantz Financial Services Inc. now owns 915 shares of the financial services provider’s stock worth $28,000 after buying an additional 771 shares during the last quarter. Quarry LP increased its stake in CPB by 3,169.6% in the third quarter. Quarry LP now owns 1,504 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,458 shares during the period. Royal Bank of Canada increased its stake in CPB by 30.0% in the fourth quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 376 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in CPB in the third quarter worth $62,000. Finally, iSAM Funds UK Ltd purchased a new stake in CPB in the third quarter worth $62,000. 88.42% of the stock is currently owned by institutional investors.
About CPB
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.
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