CPB (NYSE:CPF – Get Free Report) issued its quarterly earnings results on Friday. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02, FiscalAI reports. The firm had revenue of $77.45 million for the quarter, compared to analyst estimates of $75.69 million. CPB had a return on equity of 13.93% and a net margin of 21.96%.During the same period in the previous year, the company posted $0.67 earnings per share.
CPB Price Performance
CPF stock traded up $0.53 during trading on Friday, hitting $39.21. The company had a trading volume of 40,107 shares, compared to its average volume of 157,142. The company has a fifty day moving average price of $36.58 and a two-hundred day moving average price of $34.12. CPB has a fifty-two week low of $25.62 and a fifty-two week high of $40.06. The company has a market cap of $1.02 billion, a P/E ratio of 13.11 and a beta of 0.84. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.
CPB Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.16 annualized dividend and a yield of 3.0%. CPB’s payout ratio is currently 38.80%.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on CPF
Institutional Investors Weigh In On CPB
Several institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP boosted its position in CPB by 3,169.6% in the third quarter. Quarry LP now owns 1,504 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,458 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of CPB by 30.0% during the fourth 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. iSAM Funds UK Ltd bought a new position in shares of CPB in the third quarter valued at approximately $62,000. CIBC Private Wealth Group LLC bought a new position in shares of CPB in the third quarter valued at approximately $62,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of CPB by 369.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,065 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 3,199 shares in the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.
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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