CPB Inc. $CPF Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in shares of CPB Inc. (NYSE:CPF) by 102.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,971 shares of the financial services provider’s stock after purchasing an additional 23,292 shares during the period. Y Intercept Hong Kong Ltd owned 0.17% of CPB worth $1,469,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP raised its stake in shares of CPB by 3,169.6% in the 3rd quarter. Quarry LP now owns 1,504 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,458 shares in the last quarter. Royal Bank of Canada boosted its stake in CPB by 30.0% during the fourth quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider’s stock valued at $51,000 after buying an additional 376 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in CPB during the third quarter worth about $62,000. iSAM Funds UK Ltd acquired a new position in CPB during the third quarter worth about $62,000. Finally, Tower Research Capital LLC TRC raised its position in CPB by 369.4% in the second quarter. Tower Research Capital LLC TRC now owns 4,065 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 3,199 shares in the last quarter. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

CPB Trading Up 0.5%

Shares of CPB stock traded up $0.20 on Friday, reaching $38.35. 96,747 shares of the company were exchanged, compared to its average volume of 166,792. The stock has a fifty day moving average price of $35.76 and a 200-day moving average price of $33.67. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 12.83 and a beta of 0.84. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. CPB Inc. has a fifty-two week low of $25.62 and a fifty-two week high of $39.20.

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

CPB Announces Dividend

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

CPB 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.