American Century Companies Inc. Has $24.39 Million Position in CPB Inc. $CPF

American Century Companies Inc. lifted its holdings in CPB Inc. (NYSE:CPF) by 7.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 803,750 shares of the financial services provider’s stock after acquiring an additional 58,207 shares during the period. American Century Companies Inc. owned approximately 3.00% of CPB worth $24,386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rafferty Asset Management LLC boosted its position in shares of CPB by 21.2% during the 3rd quarter. Rafferty Asset Management LLC now owns 28,862 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 5,044 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in CPB by 14.2% in the third quarter. Public Sector Pension Investment Board now owns 105,243 shares of the financial services provider’s stock worth $3,193,000 after purchasing an additional 13,109 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in CPB by 535.4% in the third quarter. Hantz Financial Services Inc. now owns 915 shares of the financial services provider’s stock valued at $28,000 after buying an additional 771 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in CPB by 2.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,163 shares of the financial services provider’s stock valued at $763,000 after buying an additional 616 shares during the period. Finally, Bailard Inc. boosted its holdings in shares of CPB by 4.1% during the 3rd quarter. Bailard Inc. now owns 27,836 shares of the financial services provider’s stock worth $845,000 after buying an additional 1,100 shares in the last quarter. 88.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

CPB Stock Performance

Shares of CPB stock opened at $31.41 on Monday. The business has a 50-day simple moving average of $32.56 and a 200 day simple moving average of $31.12. CPB Inc. has a one year low of $23.16 and a one year high of $35.01. 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 firm has a market capitalization of $825.77 million, a price-to-earnings ratio of 10.98 and a beta of 0.95.

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

CPB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $0.29 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from CPB’s previous quarterly dividend of $0.28. CPB’s dividend payout ratio (DPR) is 40.56%.

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.