Y Intercept Hong Kong Ltd Trims Stock Holdings in CPB Inc. $CPF

Y Intercept Hong Kong Ltd lessened its stake in shares of CPB Inc. (NYSE:CPF) by 87.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,352 shares of the financial services provider’s stock after selling 62,629 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in CPB were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in CPB by 369.4% in 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 purchasing an additional 3,199 shares in the last quarter. Semanteon Capital Management LP purchased a new position in shares of CPB during the second quarter valued at approximately $231,000. Royal Bank of Canada lifted its stake in shares of CPB by 15.8% during the first quarter. Royal Bank of Canada now owns 9,131 shares of the financial services provider’s stock valued at $247,000 after buying an additional 1,245 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in CPB in the 1st quarter worth approximately $248,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in CPB in the 2nd quarter valued at $277,000. Institutional investors and hedge funds own 88.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of CPB in a report on Monday, December 29th. Keefe, Bruyette & Woods raised their price target on CPB from $34.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, CPB has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

CPB Stock Up 1.6%

CPF opened at $34.36 on Friday. CPB Inc. has a 1 year low of $23.16 and a 1 year high of $34.68. The firm has a 50 day moving average price of $31.88 and a 200 day moving average price of $30.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $921.93 million, a PE ratio of 12.01 and a beta of 0.96.

CPB (NYSE:CPF) last posted its earnings results on Wednesday, January 28th. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.12. CPB had a net margin of 21.17% and a return on equity of 13.64%. The business had revenue of $76.29 million for the quarter, compared to analyst estimates of $75.43 million. Sell-side analysts expect that CPB Inc. will post 2.75 earnings per share for the current year.

CPB Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from CPB’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.4%. CPB’s dividend payout ratio (DPR) is currently 39.16%.

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.