HoldCo Asset Management LP Has $69.21 Million Stock Position in CPB Inc. $CPF

HoldCo Asset Management LP boosted its holdings in shares of CPB Inc. (NYSE:CPF) by 107.8% in the third quarter, HoldingsChannel reports. The fund owned 2,281,029 shares of the financial services provider’s stock after acquiring an additional 1,183,399 shares during the period. CPB accounts for 7.3% of HoldCo Asset Management LP’s portfolio, making the stock its 6th biggest holding. HoldCo Asset Management LP owned 0.09% of CPB worth $69,206,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Basswood Capital Management L.L.C. grew its holdings in 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 purchasing an additional 88,028 shares during the period. American Century Companies Inc. lifted its holdings in shares of CPB by 7.8% during the third quarter. American Century Companies Inc. now owns 803,750 shares of the financial services provider’s stock valued at $24,386,000 after purchasing an additional 58,207 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of 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 purchasing an additional 238,367 shares during the last quarter. Twin Lakes Capital Management LLC boosted its position in shares of CPB by 0.3% in the 3rd quarter. Twin Lakes Capital Management LLC now owns 184,244 shares of the financial services provider’s stock worth $5,590,000 after purchasing an additional 513 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in shares of CPB by 5.6% in the 3rd quarter. Bridgeway Capital Management LLC now owns 176,552 shares of the financial services provider’s stock worth $5,357,000 after purchasing an additional 9,349 shares in the last quarter. Institutional investors own 88.42% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CPF. Weiss Ratings reiterated a “buy (b)” rating on shares of CPB in a research note on Monday, December 29th. Keefe, Bruyette & Woods increased their target price on CPB from $34.00 to $36.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.50.

CPB Trading Down 0.7%

Shares of NYSE CPF opened at $30.63 on Monday. The firm’s 50 day moving average price is $32.51 and its 200-day moving average price is $31.12. CPB Inc. has a 52-week low of $23.16 and a 52-week high of $35.01. 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 company has a market cap of $809.88 million, a PE ratio of 10.71 and a beta of 0.95.

CPB (NYSE:CPF) last announced its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.12. CPB had a net margin of 21.17% and a return on equity of 13.64%. The company had revenue of $76.29 million during the quarter, compared to the consensus estimate of $75.43 million. On average, equities research analysts expect that CPB Inc. will post 2.75 EPS for the current fiscal year.

CPB Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, February 27th. This represents a $1.16 annualized dividend and a yield of 3.8%. This is a positive change from CPB’s previous quarterly dividend of $0.28. CPB’s dividend payout ratio (DPR) is 40.56%.

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.