CPB (NYSE:CPF) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

CPB Inc. (NYSE:CPF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.89 and traded as high as $32.30. CPB shares last traded at $31.7860, with a volume of 158,446 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CPB in a research note on Monday, December 29th. 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. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, CPB has a consensus rating of “Moderate Buy” and an average price target of $34.50.

CPB Stock Down 1.7%

The company has a market capitalization of $852.75 million, a PE ratio of 13.08 and a beta of 0.95. The company’s 50 day moving average is $31.05 and its two-hundred day moving average is $29.89. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.22.

CPB (NYSE:CPF) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The firm had revenue of $74.81 million during the quarter, compared to analysts’ expectations of $74.60 million. CPB had a return on equity of 13.28% and a net margin of 18.66%. On average, analysts anticipate that CPB Inc. will post 2.75 earnings per share for the current year.

CPB Increases Dividend

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

Institutional Investors Weigh In On CPB

Institutional investors and hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. increased its stake in CPB by 535.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 915 shares of the financial services provider’s stock worth $28,000 after buying an additional 771 shares during the period. Quarry LP increased its position in CPB by 3,169.6% during the 3rd quarter. Quarry LP now owns 1,504 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,458 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in shares of CPB in the 3rd quarter worth approximately $62,000. iSAM Funds UK Ltd purchased a new stake in CPB during the third quarter worth $62,000. Finally, Tower Research Capital LLC TRC boosted its position in CPB by 369.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,065 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 3,199 shares in the last quarter. 88.42% of the stock is 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.