CPB (NYSE:CPF) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

CPB Inc. (NYSE:CPF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.72 and traded as high as $32.23. CPB shares last traded at $32.1650, with a volume of 148,933 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on CPF. Keefe, Bruyette & Woods assumed coverage on CPB in a report on Wednesday, October 8th. They issued a “market perform” rating and a $34.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of CPB in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, CPB currently has an average rating of “Moderate Buy” and a consensus target price of $34.50.

CPB Stock Performance

The company has a market capitalization of $862.99 million, a PE ratio of 13.24 and a beta of 0.95. The stock’s fifty day simple moving average is $30.72 and its 200-day simple moving average is $29.72. 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 (NYSE:CPF) last posted its quarterly earnings data on Monday, March 10th. The financial services provider reported $0.58 earnings per share for the quarter. The business had revenue of $66.59 million during the quarter. CPB had a net margin of 18.66% and a return on equity of 13.28%. As a group, equities analysts predict that CPB Inc. will post 2.75 earnings per share for the current year.

CPB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a $0.28 dividend. This is an increase from CPB’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, November 28th. CPB’s dividend payout ratio (DPR) is presently 46.09%.

Institutional Investors Weigh In On CPB

A number of institutional investors have recently bought and sold shares of the stock. Summit Global Investments increased its position in CPB by 2.5% during the second quarter. Summit Global Investments now owns 18,885 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 458 shares during the last quarter. Twin Lakes Capital Management LLC boosted its holdings in shares of CPB by 0.3% in the 3rd quarter. Twin Lakes Capital Management LLC now owns 184,244 shares of the financial services provider’s stock valued at $5,590,000 after purchasing an additional 513 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of CPB by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 36,558 shares of the financial services provider’s stock valued at $1,025,000 after buying an additional 547 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CPB by 2.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,163 shares of the financial services provider’s stock worth $763,000 after buying an additional 616 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CPB by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,849 shares of the financial services provider’s stock worth $429,000 after buying an additional 670 shares during the last quarter. 88.42% of the stock is currently owned by hedge funds and other 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.