CPB Inc. $CPF Holdings Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in shares of CPB Inc. (NYSE:CPF) by 102.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 45,971 shares of the financial services provider’s stock after acquiring an additional 23,292 shares during the period. Y Intercept Hong Kong Ltd’s holdings in CPB were worth $1,469,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CPF. Royal Bank of Canada boosted its position in shares of CPB by 15.8% in the first quarter. Royal Bank of Canada now owns 9,131 shares of the financial services provider’s stock worth $247,000 after buying an additional 1,245 shares during the period. AQR Capital Management LLC raised its position in CPB by 1.6% during the first quarter. AQR Capital Management LLC now owns 169,809 shares of the financial services provider’s stock valued at $4,592,000 after buying an additional 2,731 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CPB by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,849 shares of the financial services provider’s stock valued at $429,000 after buying an additional 670 shares during the period. 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 valued at $7,932,000 after buying an additional 238,367 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in CPB in the 1st quarter worth about $248,000. 88.42% of the stock is owned by institutional investors and hedge funds.

CPB Stock Up 0.5%

Shares of CPB stock traded up $0.20 on Friday, hitting $38.35. 96,747 shares of the company traded hands, compared to its average volume of 166,792. The company has a 50-day moving average price of $35.76 and a 200 day moving average price of $33.67. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. CPB Inc. has a 12-month low of $25.62 and a 12-month high of $39.20. The company has a market cap of $1.00 billion, a PE ratio of 12.83 and a beta of 0.84.

CPB (NYSE:CPF) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. CPB had a return on equity of 13.93% and a net margin of 21.96%.The business had revenue of $72.93 million during the quarter, compared to analyst estimates of $74.30 million. Sell-side analysts predict that CPB Inc. will post 3.17 earnings per share for the current year.

CPB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.29 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 3.0%. CPB’s payout ratio is 38.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CPF shares. Keefe, Bruyette & Woods raised their price objective on CPB from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, April 9th. Weiss Ratings upgraded CPB from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, June 18th. Benchmark initiated coverage on shares of CPB in a research report on Thursday. They issued a “buy” rating and a $44.00 price target for the company. Finally, Piper Sandler decreased their price target on shares of CPB from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, CPB presently has a consensus rating of “Buy” and a consensus target price of $39.33.

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.