CPB (NYSE:CPF) Reaches New 12-Month High – Should You Buy?

CPB Inc. (NYSE:CPF)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $35.50 and last traded at $35.3080, with a volume of 37778 shares traded. The stock had previously closed at $34.78.

Analysts Set New Price Targets

A number of analysts have weighed in on CPF shares. Keefe, Bruyette & Woods raised their price objective on shares of CPB from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. 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 research note on Thursday, April 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CPB in a report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, CPB currently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

CPB Stock Performance

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $917.91 million, a P/E ratio of 11.76 and a beta of 0.86. The business has a fifty day moving average price of $33.85 and a 200-day moving average price of $32.55.

CPB (NYSE:CPF) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.78 earnings per share for the quarter, topping 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, sell-side analysts expect that CPB Inc. will post 3.17 EPS for the current year.

CPB Announces Dividend

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

Institutional Investors Weigh In On CPB

A number of large investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. raised its stake in CPB by 535.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 915 shares of the financial services provider’s stock valued at $28,000 after buying an additional 771 shares during the last quarter. Quarry LP boosted 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 during the last quarter. Royal Bank of Canada grew its holdings in shares of CPB by 30.0% in the fourth quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 376 shares during the period. CIBC Private Wealth Group LLC bought a new stake in shares of CPB in the third quarter worth $62,000. Finally, iSAM Funds UK Ltd purchased a new stake in CPB during the third quarter valued at $62,000. Institutional investors own 88.42% of the company’s stock.

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.