UBS Group AG Has $2.09 Million Stock Position in CPB Inc. $CPF

UBS Group AG reduced its stake in CPB Inc. (NYSE:CPF) by 19.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,186 shares of the financial services provider’s stock after selling 16,440 shares during the quarter. UBS Group AG’s holdings in CPB were worth $2,094,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPF. HoldCo Asset Management LP lifted its stake in shares of CPB by 107.8% in the third quarter. HoldCo Asset Management LP now owns 2,281,029 shares of the financial services provider’s stock worth $69,206,000 after acquiring an additional 1,183,399 shares during the period. Millennium Management LLC lifted its stake in shares of CPB by 433.6% in the first quarter. Millennium Management LLC now owns 293,335 shares of the financial services provider’s stock worth $7,932,000 after acquiring an additional 238,367 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of CPB by 371.1% in the second quarter. Qube Research & Technologies Ltd now owns 114,740 shares of the financial services provider’s stock worth $3,216,000 after acquiring an additional 90,385 shares during the period. Basswood Capital Management L.L.C. lifted its stake in shares of CPB by 11.0% in the second quarter. Basswood Capital Management L.L.C. now owns 885,753 shares of the financial services provider’s stock worth $24,828,000 after acquiring an additional 88,028 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of CPB by 7.8% in the third quarter. American Century Companies Inc. now owns 803,750 shares of the financial services provider’s stock worth $24,386,000 after acquiring an additional 58,207 shares during the period. 88.42% of the stock is owned by institutional investors and hedge funds.

CPB Price Performance

Shares of CPF opened at $34.86 on Thursday. CPB Inc. has a 52-week low of $25.62 and a 52-week high of $35.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50 day moving average price is $33.43 and its two-hundred day moving average price is $32.35. The firm has a market cap of $909.79 million, a PE ratio of 11.66 and a beta of 0.86.

CPB (NYSE:CPF) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $72.93 million for the quarter, compared to analyst estimates of $74.30 million. On average, equities analysts anticipate that CPB Inc. will post 3.17 EPS for the current year.

CPB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.16 annualized dividend and a yield of 3.3%. CPB’s payout ratio is 38.80%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CPF shares. Piper Sandler cut their price objective on CPB from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CPB in a research note on Friday, May 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on CPB from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CPB has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

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.