Vanguard Group Inc. Grows Holdings in CPB Inc. $CPF

Vanguard Group Inc. increased its position in CPB Inc. (NYSE:CPF) by 1.2% in the 4th quarter, HoldingsChannel reports. The fund owned 2,079,266 shares of the financial services provider’s stock after buying an additional 24,933 shares during the quarter. Vanguard Group Inc. owned approximately 0.08% of CPB worth $64,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPF. Royal Bank of Canada increased its holdings in CPB by 15.8% in the 1st quarter. Royal Bank of Canada now owns 9,131 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 1,245 shares in the last quarter. AQR Capital Management LLC increased its holdings in CPB by 1.6% in the 1st quarter. AQR Capital Management LLC now owns 169,809 shares of the financial services provider’s stock worth $4,592,000 after acquiring an additional 2,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CPB by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,849 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 670 shares in the last quarter. Millennium Management LLC increased its holdings in CPB by 433.6% in the 1st quarter. Millennium Management LLC now owns 293,335 shares of the financial services provider’s stock worth $7,932,000 after acquiring an additional 238,367 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in CPB in the 1st quarter worth approximately $248,000. 88.42% of the stock is owned by hedge funds and other institutional investors.

CPB Trading Up 1.3%

CPF stock opened at $34.08 on Friday. CPB Inc. has a 1-year low of $25.62 and a 1-year high of $35.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $889.51 million, a price-to-earnings ratio of 11.40 and a beta of 0.86. The business has a 50 day simple moving average of $32.81 and a two-hundred day simple moving average of $32.00.

CPB (NYSE:CPF) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. CPB had a return on equity of 13.93% and a net margin of 21.96%.The business had revenue of $72.93 million during the quarter, compared to the consensus estimate of $74.30 million. Research analysts anticipate that CPB Inc. will post 3.31 EPS for the current fiscal year.

CPB Dividend Announcement

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

Analyst Ratings Changes

CPF has been the subject of several analyst reports. Piper Sandler reduced their target price on shares of CPB from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Keefe, Bruyette & Woods increased their target price on shares of CPB from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

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.