CPB Inc. $CPF Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of CPB Inc. (NYSE:CPF) by 335.2% during the 2nd quarter, Holdings Channel reports. The fund owned 86,523 shares of the financial services provider’s stock after buying an additional 66,642 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CPB were worth $2,426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of CPB by 5.1% in the first quarter. Russell Investments Group Ltd. now owns 59,148 shares of the financial services provider’s stock valued at $1,599,000 after purchasing an additional 2,887 shares during the period. Quantbot Technologies LP grew its stake in shares of CPB by 114.1% in the 1st quarter. Quantbot Technologies LP now owns 4,027 shares of the financial services provider’s stock valued at $109,000 after buying an additional 2,146 shares during the period. AlphaQuest LLC increased its holdings in shares of CPB by 39.4% during the 1st quarter. AlphaQuest LLC now owns 23,267 shares of the financial services provider’s stock worth $629,000 after buying an additional 6,582 shares during the last quarter. Trexquant Investment LP raised its position in shares of CPB by 22.4% during the 1st quarter. Trexquant Investment LP now owns 97,771 shares of the financial services provider’s stock valued at $2,644,000 after buying an additional 17,919 shares during the period. Finally, Royal Bank of Canada raised its position in shares of CPB by 15.8% during the 1st quarter. Royal Bank of Canada now owns 9,131 shares of the financial services provider’s stock valued at $247,000 after buying an additional 1,245 shares during the period. Institutional investors and hedge funds own 88.42% of the company’s stock.

Analyst Upgrades and Downgrades

CPF has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of CPB in a research report on Monday. Keefe, Bruyette & Woods initiated coverage on CPB in a report on Wednesday, October 8th. They set a “market perform” rating and a $34.00 price target for the company. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.50.

CPB Stock Performance

NYSE:CPF opened at $32.12 on Wednesday. The stock has a market capitalization of $861.89 million, a P/E ratio of 13.22 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 0.86. CPB Inc. has a fifty-two week low of $23.16 and a fifty-two week high of $33.35. The company has a 50 day moving average price of $30.06 and a 200 day moving average price of $29.33.

CPB (NYSE:CPF) last released its quarterly earnings results on Monday, March 10th. The financial services provider reported $0.58 EPS for the quarter. CPB had a return on equity of 13.28% and a net margin of 18.66%.The business had revenue of $66.59 million during the quarter. Equities research analysts forecast that CPB Inc. will post 2.75 EPS for the current year.

CPB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a dividend of $0.28 per share. This is a positive change from CPB’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, November 28th. This represents a $1.12 dividend on an annualized basis and a yield of 3.5%. CPB’s dividend payout ratio (DPR) is 46.09%.

CPB 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.