Shares of CPB Inc. (NYSE:CPF – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $39.20 and last traded at $37.9140, with a volume of 113276 shares. The stock had previously closed at $38.28.
Analyst Ratings Changes
CPF has been the subject of a number of research analyst reports. Piper Sandler cut their price target on CPB from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Keefe, Bruyette & Woods increased their price objective on shares of CPB from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Finally, Weiss Ratings upgraded shares of CPB from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $37.00.
Get Our Latest Analysis on CPB
CPB Stock Performance
CPB (NYSE:CPF – Get Free Report) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. The company had revenue of $72.93 million during the quarter, compared to analysts’ expectations of $74.30 million. CPB had a return on equity of 13.93% and a net margin of 21.96%. Analysts forecast that CPB Inc. will post 3.17 EPS for the current fiscal year.
CPB Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.29 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.16 annualized dividend and a yield of 3.0%. CPB’s dividend payout ratio (DPR) is currently 38.80%.
Institutional Trading of CPB
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of CPB by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 803,750 shares of the financial services provider’s stock valued at $24,386,000 after purchasing an additional 58,207 shares during the last quarter. HoldCo Asset Management LP grew its position in shares of CPB by 107.8% during the 3rd quarter. HoldCo Asset Management LP now owns 2,281,029 shares of the financial services provider’s stock worth $69,206,000 after buying an additional 1,183,399 shares during the period. Vanguard Group Inc. raised its stake in shares of CPB by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,079,266 shares of the financial services provider’s stock worth $64,790,000 after buying an additional 24,933 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of CPB during the fourth quarter worth approximately $3,171,000. Finally, Louisiana State Employees Retirement System acquired a new position in CPB in the first quarter valued at approximately $374,000. 88.42% of the stock is 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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