UBS Group AG Has $2.09 Million Stock Holdings in CPB Inc. $CPF

UBS Group AG lowered its position in shares of CPB Inc. (NYSE:CPF) by 19.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,186 shares of the financial services provider’s stock after selling 16,440 shares during the quarter. UBS Group AG owned 0.25% of CPB worth $2,094,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in CPB by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,079,266 shares of the financial services provider’s stock worth $64,790,000 after acquiring an additional 24,933 shares during the last quarter. Cadinha & Co. LLC acquired a new position in CPB during the 4th quarter worth approximately $237,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CPB by 29.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,709 shares of the financial services provider’s stock worth $303,000 after acquiring an additional 2,220 shares during the last quarter. State of Alaska Department of Revenue boosted its position in CPB by 18.9% during the 4th quarter. State of Alaska Department of Revenue now owns 17,444 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 2,773 shares during the last quarter. Finally, Daytona Street Capital LLC acquired a new stake in shares of CPB in the 4th quarter valued at approximately $327,000. Institutional investors and hedge funds own 88.42% of the company’s stock.

Analyst Upgrades and Downgrades

CPF has been the topic of several analyst reports. Piper Sandler dropped their price target on shares of CPB from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Keefe, Bruyette & Woods raised their price target on CPB from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Thursday, April 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CPB in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

CPB Stock Down 0.9%

Shares of NYSE CPF opened at $34.86 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. CPB Inc. has a 52 week low of $25.62 and a 52 week high of $35.45. The stock has a market capitalization of $909.79 million, a P/E ratio of 11.66 and a beta of 0.86. The stock’s fifty day moving average is $33.43 and its 200 day moving average is $32.35.

CPB (NYSE:CPF) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. CPB had a return on equity of 13.93% and a net margin of 21.96%.The firm had revenue of $72.93 million for the quarter, compared to analysts’ expectations of $74.30 million. Sell-side analysts forecast that CPB Inc. will post 3.17 earnings per share for the current fiscal year.

CPB Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, May 29th. CPB’s payout ratio is 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.