CPB (NYSE:CPF) Stock Price Passes Above 200 Day Moving Average – Here’s Why

CPB Inc. (NYSE:CPF)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.05 and traded as high as $32.46. CPB shares last traded at $32.18, with a volume of 123,912 shares.

Wall Street Analysts Forecast Growth

CPF has been the topic of several research reports. Keefe, Bruyette & Woods increased their price target on shares of CPB from $34.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CPB in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.50.

CPB Stock Up 0.8%

The business’s fifty day simple moving average is $32.59 and its two-hundred day simple moving average is $31.05. The company has a market cap of $846.01 million, a PE ratio of 11.25 and a beta of 0.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.85.

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

CPB Increases Dividend

The firm also recently disclosed 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from CPB’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 27th. CPB’s dividend payout ratio (DPR) is presently 40.56%.

Institutional Investors Weigh In On CPB

A number of institutional investors have recently added to or reduced their stakes in CPF. Hantz Financial Services Inc. raised its position in CPB by 535.4% during the third quarter. Hantz Financial Services Inc. now owns 915 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 771 shares during the period. Quarry LP increased its stake in shares of CPB by 3,169.6% during the third quarter. Quarry LP now owns 1,504 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,458 shares in the last quarter. Royal Bank of Canada increased its stake in shares of CPB by 30.0% during the fourth quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 376 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of CPB during the 3rd quarter worth about $62,000. Finally, iSAM Funds UK Ltd purchased a new position in CPB in the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 88.42% of the company’s stock.

CPB Company 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.