Harding Loevner LP grew its position in Companhia Brasileira de Distribuicao (NYSE:CBD) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,418,690 shares of the company’s stock after buying an additional 77,200 shares during the period. Harding Loevner LP owned 2.41% of Companhia Brasileira de Distribuicao worth $125,485,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. FNY Partners Fund LP boosted its holdings in shares of Companhia Brasileira de Distribuicao by 8,900.0% in the 2nd quarter. FNY Partners Fund LP now owns 9,000 shares of the company’s stock valued at $175,000 after buying an additional 8,900 shares in the last quarter. World Asset Management Inc boosted its holdings in shares of Companhia Brasileira de Distribuicao by 0.9% in the 1st quarter. World Asset Management Inc now owns 10,309 shares of the company’s stock valued at $198,000 after buying an additional 88 shares in the last quarter. NGAM Advisors L.P. bought a new stake in shares of Companhia Brasileira de Distribuicao in the 2nd quarter valued at about $201,000. JPMorgan Chase & Co. bought a new stake in shares of Companhia Brasileira de Distribuicao in the 2nd quarter valued at about $204,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Companhia Brasileira de Distribuicao by 138.8% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,819 shares of the company’s stock valued at $241,000 after buying an additional 7,450 shares in the last quarter. Institutional investors and hedge funds own 3.50% of the company’s stock.

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A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, June 13th. BidaskClub upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $28.00.

Companhia Brasileira de Distribuicao (CBD) traded up 1.42% during mid-day trading on Friday, reaching $24.99. 262,886 shares of the company were exchanged. The firm has a market capitalization of $6.65 billion, a P/E ratio of 158.16 and a beta of 1.84. The stock has a 50-day moving average of $23.57 and a 200 day moving average of $21.19. Companhia Brasileira de Distribuicao has a 1-year low of $14.08 and a 1-year high of $25.45.

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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