Thomas White International Ltd. raised its stake in shares of Companhia Brasileira de Distribuicao (NYSE:CBD) by 10.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,716 shares of the company’s stock after buying an additional 6,353 shares during the period. Thomas White International Ltd.’s holdings in Companhia Brasileira de Distribuicao were worth $1,363,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CBD. 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 in the last quarter. TCW Group Inc. acquired a new stake in Companhia Brasileira de Distribuicao during the first quarter valued at approximately $3,062,000. Bank of Montreal Can acquired a new stake in Companhia Brasileira de Distribuicao during the second quarter valued at approximately $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 in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Companhia Brasileira de Distribuicao during the first quarter valued at approximately $2,295,000. Hedge funds and other institutional investors own 3.50% of the company’s stock.

Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) opened at 22.70 on Friday. The firm has a market capitalization of $6.04 billion, a PE ratio of 142.77 and a beta of 1.85. The company has a 50-day moving average price of $22.71 and a 200 day moving average price of $20.69. Companhia Brasileira de Distribuicao has a 52-week low of $14.08 and a 52-week high of $24.75.

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CBD has been the topic of several analyst reports. Zacks Investment Research cut Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub cut Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company 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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