Duff & Phelps Investment Management Co. raised its stake in shares of Companhia Brasileira de Distribuicao (NYSE:CBD) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 310,803 shares of the company’s stock after buying an additional 16 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Companhia Brasileira de Distribuicao were worth $6,075,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CBD. Thomas White International Ltd. acquired a new stake in shares of Companhia Brasileira de Distribuicao during the first quarter valued at approximately $1,217,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Companhia Brasileira de Distribuicao during the first quarter valued at approximately $419,000. Dimensional Fund Advisors LP increased its stake in shares of Companhia Brasileira de Distribuicao by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 408,674 shares of the company’s stock valued at $6,770,000 after buying an additional 79,499 shares in the last quarter. Brandes Investment Partners LP increased its stake in shares of Companhia Brasileira de Distribuicao by 1.1% in the first quarter. Brandes Investment Partners LP now owns 1,781,128 shares of the company’s stock valued at $34,198,000 after buying an additional 20,215 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Companhia Brasileira de Distribuicao by 1.4% in the first quarter. Macquarie Group Ltd. now owns 2,562,437 shares of the company’s stock valued at $49,201,000 after buying an additional 34,952 shares in the last quarter. Institutional investors and hedge funds own 3.18% of the company’s stock.

Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) opened at 22.70 on Friday. Companhia Brasileira de Distribuicao has a 52 week low of $14.08 and a 52 week high of $24.75. The stock has a market capitalization of $6.04 billion, a P/E ratio of 140.99 and a beta of 1.85. The firm’s 50-day moving average price is $21.35 and its 200 day moving average price is $20.24.

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Several analysts have commented on CBD shares. BidaskClub downgraded Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Zacks Investment Research downgraded Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.00.

Companhia Brasileira de Distribuicao Company Profile

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

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Institutional Ownership by Quarter for Companhia Brasileira de Distribuicao (NYSE:CBD)

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