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

CPB Inc. (NYSE:CPF)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $32.55 and traded as high as $35.04. CPB shares last traded at $34.8430, with a volume of 111,136 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Piper Sandler dropped 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 price target on shares of CPB from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CPB in a research note on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.00.

CPB Stock Up 3.0%

The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $33.85 and its 200-day simple moving average is $32.55. The company has a market capitalization of $909.40 million, a PE ratio of 11.65 and a beta of 0.86.

CPB (NYSE:CPF) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.78 earnings per share for the quarter, topping 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 analyst estimates of $74.30 million. As a group, equities research analysts anticipate that CPB Inc. will post 3.17 EPS for the current fiscal year.

CPB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, May 29th. CPB’s dividend payout ratio (DPR) is currently 38.80%.

Hedge Funds Weigh In On CPB

Several institutional investors and hedge funds have recently modified their holdings of the stock. HoldCo Asset Management LP grew its holdings in CPB by 6.4% during the fourth quarter. HoldCo Asset Management LP now owns 2,427,576 shares of the financial services provider’s stock worth $75,643,000 after acquiring an additional 146,547 shares during the period. Vanguard Group Inc. lifted its holdings in CPB by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,079,266 shares of the financial services provider’s stock valued at $64,790,000 after acquiring an additional 24,933 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in CPB by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,046,284 shares of the financial services provider’s stock valued at $32,602,000 after acquiring an additional 12,206 shares during the period. Basswood Capital Management L.L.C. boosted its position in CPB by 11.0% in the 2nd quarter. Basswood Capital Management L.L.C. now owns 885,753 shares of the financial services provider’s stock worth $24,828,000 after purchasing an additional 88,028 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in CPB by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 803,750 shares of the financial services provider’s stock worth $24,386,000 after purchasing an additional 58,207 shares in the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.

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.