CPB (NYSE:CPF) Shares Cross Above 200-Day Moving Average – Here’s What Happened
by Scott Moore · The Cerbat GemCPB Inc. (NYSE:CPF – Get Free Report)’s stock price crossed 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 traded.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on CPF shares. Piper Sandler reduced their target price on shares of CPB from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Keefe, Bruyette & Woods raised their target price on shares of CPB from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.00.
Check Out Our Latest Research Report on CPF
CPB Trading Up 0.4%
The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $32.65 and its 200-day moving average price is $31.81. The stock has a market capitalization of $908.93 million, a P/E ratio of 11.65 and a beta of 0.86.
CPB (NYSE:CPF – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $72.93 million for the quarter, compared to the consensus estimate of $74.30 million. As a group, equities research analysts expect that CPB Inc. will post 3.31 earnings per share for the current year.
CPB Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, May 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.3%. CPB’s dividend payout ratio (DPR) is currently 38.80%.
Hedge Funds Weigh In On CPB
A number of hedge funds and other institutional investors have recently modified their holdings of CPF. Hantz Financial Services Inc. boosted its stake in CPB by 535.4% in the third quarter. Hantz Financial Services Inc. now owns 915 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 771 shares in the last quarter. Quarry LP boosted 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 valued at $46,000 after acquiring an additional 1,458 shares in the last quarter. Royal Bank of Canada boosted 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 valued at $51,000 after acquiring an additional 376 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in CPB in the third quarter valued at approximately $62,000. Finally, iSAM Funds UK Ltd acquired a new stake in CPB in the third quarter valued at approximately $62,000. 88.42% of the stock is currently owned by institutional investors.
CPB Company Profile
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.