Brandes Investment Partners LP raised its stake in Companhia Brasileira de Distribuicao (NYSE:CBD) by 2.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,832,486 shares of the company’s stock after buying an additional 51,358 shares during the period. Brandes Investment Partners LP owned 0.69% of Companhia Brasileira de Distribuicao worth $35,825,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. INCA Investments LLC boosted its stake in Companhia Brasileira de Distribuicao by 16.3% in the second quarter. INCA Investments LLC now owns 1,878,300 shares of the company’s stock valued at $36,721,000 after buying an additional 263,800 shares during the period. TCW Group Inc. acquired a new stake in Companhia Brasileira de Distribuicao during the first quarter valued at about $3,062,000. Bank of Montreal Can acquired a new stake in Companhia Brasileira de Distribuicao during the second quarter valued at about $2,705,000. Credit Agricole S A boosted its stake in Companhia Brasileira de Distribuicao by 17.5% in the first quarter. Credit Agricole S A now owns 910,713 shares of the company’s stock valued at $17,485,000 after buying an additional 135,400 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in Companhia Brasileira de Distribuicao during the first quarter valued at about $2,295,000. 3.50% of the stock is owned by institutional investors.

Companhia Brasileira de Distribuicao (NYSE CBD) traded up 2.11% on Friday, hitting $23.18. The stock had a trading volume of 30,595 shares. Companhia Brasileira de Distribuicao has a one year low of $14.08 and a one year high of $24.75. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 145.79 and a beta of 1.85. The company’s 50-day moving average price is $22.71 and its 200 day moving average price is $20.69.

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CBD has been the subject of several recent analyst reports. Zacks Investment Research cut Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub lowered Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $26.00.

Companhia Brasileira de Distribuicao Company Profile

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

Institutional Ownership by Quarter for Companhia Brasileira de Distribuicao (NYSE:CBD)

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