CPB (NYSE:CPF) Hits New 52-Week High – Time to Buy?

CPB Inc. (NYSE:CPF)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $35.29 and last traded at $35.0910, with a volume of 90353 shares. The stock had previously closed at $34.16.

Analyst Ratings Changes

A number of equities research analysts recently commented on CPF shares. Keefe, Bruyette & Woods lifted their target price on CPB from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CPB in a report on Monday, December 29th. Finally, Piper Sandler decreased their target price on CPB from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

CPB Price Performance

The company has a market capitalization of $923.02 million, a price-to-earnings ratio of 12.21 and a beta of 0.88. The stock has a fifty day simple moving average of $32.56 and a 200-day simple moving average of $31.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.85.

CPB (NYSE:CPF) last announced its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $75.43 million. On average, equities research analysts anticipate that CPB Inc. will post 2.75 EPS for the current year.

CPB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from CPB’s previous quarterly dividend of $0.28. CPB’s dividend payout ratio is currently 40.56%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. raised its stake in shares of CPB by 535.4% during 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 raised its stake in shares of CPB by 3,169.6% during the 3rd quarter. Quarry LP now owns 1,504 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,458 shares during the period. Royal Bank of Canada raised its stake in shares of CPB by 30.0% during the 4th quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider’s stock worth $51,000 after buying an additional 376 shares during the period. CIBC Private Wealth Group LLC acquired a new position in shares of CPB during the 3rd quarter worth approximately $62,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of CPB during the 3rd quarter worth approximately $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.