CPB (NYSE:CPF) Stock Passes Above 200 Day Moving Average – Here’s Why

CPB Inc. (NYSE:CPF)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.89 and traded as high as $32.87. CPB shares last traded at $32.7750, with a volume of 150,034 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CPF shares. Weiss Ratings reiterated a “buy (b)” rating on shares of CPB in a report on Monday, December 29th. Keefe, Bruyette & Woods lifted their price target on CPB from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.50.

CPB Price Performance

The stock has a 50 day moving average of $32.60 and a two-hundred day moving average of $30.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $879.35 million, a P/E ratio of 11.46 and a beta of 0.96.

CPB (NYSE:CPF) last announced its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.73 by $0.12. CPB had a return on equity of 13.64% and a net margin of 21.17%.The company had revenue of $76.29 million for the quarter, compared to the consensus estimate of $75.43 million. Sell-side analysts predict that CPB Inc. will post 2.75 earnings per share for the current fiscal year.

CPB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $0.29 dividend. This is a boost from CPB’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 27th. This represents a $1.16 annualized dividend and a yield of 3.5%. CPB’s payout ratio is 39.16%.

Institutional Investors Weigh In On CPB

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. increased its stake in shares of CPB by 535.4% in the third quarter. Hantz Financial Services Inc. now owns 915 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 771 shares during the period. Quarry LP boosted its position in shares of 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 during the period. Royal Bank of Canada boosted its position in shares of 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 during the period. CIBC Private Wealth Group LLC acquired a new stake in shares of CPB in the third quarter worth $62,000. Finally, iSAM Funds UK Ltd bought a new position in CPB during the third quarter worth $62,000. 88.42% of the stock is owned by institutional investors and hedge funds.

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.