Vanguard Group Inc. Buys 24,933 Shares of CPB Inc. $CPF

Vanguard Group Inc. raised its stake in shares of CPB Inc. (NYSE:CPF) by 1.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,079,266 shares of the financial services provider’s stock after acquiring an additional 24,933 shares during the period. Vanguard Group Inc. owned approximately 7.75% of CPB worth $64,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. lifted its stake in CPB by 535.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 915 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 771 shares during the period. Quarry LP lifted its stake 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 acquiring an additional 1,458 shares during the period. CIBC Private Wealth Group LLC bought a new position in CPB during the 3rd quarter valued at about $62,000. iSAM Funds UK Ltd bought a new position in CPB during the 3rd quarter valued at about $62,000. Finally, Tower Research Capital LLC TRC lifted its stake in CPB by 369.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,065 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 3,199 shares during the period. Institutional investors own 88.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CPF. Keefe, Bruyette & Woods upped their target price on shares of CPB from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. Piper Sandler lowered their target price on shares of CPB from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Two equities 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 has a consensus rating of “Moderate Buy” and an average price target of $37.00.

CPB Price Performance

NYSE CPF opened at $34.08 on Friday. CPB Inc. has a 52 week low of $25.62 and a 52 week high of $35.41. The firm has a market capitalization of $889.51 million, a P/E ratio of 11.40 and a beta of 0.86. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $32.81 and a 200-day moving average price of $32.00.

CPB (NYSE:CPF) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $74.30 million. Equities research analysts anticipate that CPB Inc. will post 3.31 earnings per share for the current year.

CPB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.16 annualized dividend and a dividend yield of 3.4%. CPB’s dividend payout ratio is presently 38.80%.

CPB 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.