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

CPB Inc. (NYSE:CPF)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $30.89 and traded as high as $32.87. CPB shares last traded at $32.7750, with a volume of 150,034 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CPF shares. Weiss Ratings restated a “buy (b)” rating on shares of CPB in a research report on Monday, December 29th. Keefe, Bruyette & Woods raised their target price 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. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, CPB presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

CPB Stock Performance

The firm’s fifty day simple moving average is $32.60 and its 200 day simple moving average is $30.89. The company has a market capitalization of $879.35 million, a price-to-earnings ratio of 11.46 and a beta of 0.96. 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 issued its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $0.85 EPS 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 during the quarter, compared to the consensus estimate of $75.43 million. On average, sell-side analysts forecast that CPB Inc. will post 2.75 EPS for the current year.

CPB Increases Dividend

The firm 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. This represents a $1.16 annualized dividend and a dividend yield of 3.5%. This is a boost from CPB’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 27th. CPB’s payout ratio is 39.16%.

Institutional Investors Weigh In On CPB

Several hedge funds have recently bought and sold shares of CPF. O Shaughnessy Asset Management LLC grew its stake in CPB by 4.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,023 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 369 shares in the last quarter. Royal Bank of Canada grew its position in CPB by 30.0% during the fourth quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 376 shares in the last quarter. Summit Global Investments increased its stake in CPB by 2.5% in the 2nd quarter. Summit Global Investments now owns 18,885 shares of the financial services provider’s stock valued at $529,000 after buying an additional 458 shares during the period. WINTON GROUP Ltd increased its stake in CPB by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 44,388 shares of the financial services provider’s stock valued at $1,383,000 after buying an additional 472 shares during the period. Finally, Twin Lakes Capital Management LLC lifted its position in CPB by 0.3% in the 3rd quarter. Twin Lakes Capital Management LLC now owns 184,244 shares of the financial services provider’s stock worth $5,590,000 after buying an additional 513 shares in the last quarter. 88.42% of the stock is owned by hedge funds and other institutional investors.

About CPB

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.