CPB Inc. $CPF Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in shares of CPB Inc. (NYSE:CPF) by 335.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,523 shares of the financial services provider’s stock after buying an additional 66,642 shares during the period. Thrivent Financial for Lutherans owned 0.32% of CPB worth $2,426,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HoldCo Asset Management LP purchased a new stake in shares of CPB in the second quarter valued at approximately $30,767,000. Basswood Capital Management L.L.C. increased its holdings in CPB by 11.0% in the 2nd quarter. Basswood Capital Management L.L.C. now owns 885,753 shares of the financial services provider’s stock worth $24,828,000 after acquiring an additional 88,028 shares in the last quarter. American Century Companies Inc. increased its holdings in CPB by 5.2% in the 2nd quarter. American Century Companies Inc. now owns 745,543 shares of the financial services provider’s stock worth $20,898,000 after acquiring an additional 36,612 shares in the last quarter. Millennium Management LLC raised its position in CPB by 433.6% during the first 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 during the period. Finally, Twin Lakes Capital Management LLC lifted its holdings in CPB by 0.3% during the first quarter. Twin Lakes Capital Management LLC now owns 185,657 shares of the financial services provider’s stock valued at $5,020,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.

Wall Street Analyst Weigh In

CPF has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of CPB in a research report on Monday. Keefe, Bruyette & Woods began coverage on shares of CPB in a research note on Wednesday, October 8th. They issued a “market perform” rating and a $34.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.50.

CPB Price Performance

CPB stock opened at $32.12 on Wednesday. The company has a fifty day simple moving average of $30.06 and a 200-day simple moving average of $29.33. The firm has a market capitalization of $861.89 million, a price-to-earnings ratio of 13.22 and a beta of 0.99. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.22. CPB Inc. has a 52-week low of $23.16 and a 52-week high of $33.35.

CPB (NYSE:CPF) last posted its quarterly earnings results on Monday, March 10th. The financial services provider reported $0.58 earnings per share for the quarter. CPB had a net margin of 18.66% and a return on equity of 13.28%. The firm had revenue of $66.59 million for the quarter. On average, equities analysts anticipate that CPB Inc. will post 2.75 EPS for the current fiscal year.

CPB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from CPB’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, November 28th. CPB’s dividend payout ratio (DPR) is currently 46.09%.

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.