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

CPB Inc. (NYSE:CPF)’s share price reached a new 52-week high on Friday . The company traded as high as $35.45 and last traded at $34.5580, with a volume of 9179 shares traded. The stock had previously closed at $34.81.

Analyst Ratings Changes

A number of analysts have recently weighed in on CPF shares. Keefe, Bruyette & Woods raised their price objective on CPB from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, April 9th. Piper Sandler lowered their price objective on CPB from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, April 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.com, CPB currently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

CPB Trading Down 0.0%

The stock has a 50-day simple moving average of $33.09 and a 200 day simple moving average of $32.18. The company has a market cap of $908.31 million, a price-to-earnings ratio of 11.64 and a beta of 0.86. 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 (NYSE:CPF) last released its quarterly earnings data 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%. As a group, equities research analysts predict that CPB Inc. will post 3.17 EPS for the current fiscal year.

CPB Announces Dividend

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

Hedge Funds Weigh In On CPB

Several institutional investors and hedge funds have recently modified their holdings of CPF. Royal Bank of Canada increased its stake in shares of CPB by 15.8% in the 1st quarter. Royal Bank of Canada now owns 9,131 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 1,245 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of CPB by 1.6% in the 1st quarter. AQR Capital Management LLC now owns 169,809 shares of the financial services provider’s stock valued at $4,592,000 after purchasing an additional 2,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CPB by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,849 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 670 shares in the last quarter. Millennium Management LLC increased its stake in shares of CPB by 433.6% in the 1st 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of CPB in the 1st quarter valued at about $248,000. Hedge funds and other institutional investors own 88.42% of the company’s stock.

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.