101,330 Shares in CPB Inc. $CPF Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in shares of CPB Inc. (NYSE:CPF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 101,330 shares of the financial services provider’s stock, valued at approximately $3,171,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its position in shares of CPB by 4.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,023 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 369 shares during the period. Royal Bank of Canada increased its position in shares of CPB by 30.0% during the fourth quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider’s stock worth $51,000 after buying an additional 376 shares during the period. WINTON GROUP Ltd raised its stake in CPB by 1.1% during the fourth quarter. WINTON GROUP Ltd now owns 44,388 shares of the financial services provider’s stock worth $1,383,000 after buying an additional 472 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in CPB by 4.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,201 shares of the financial services provider’s stock worth $474,000 after buying an additional 655 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CPB by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,849 shares of the financial services provider’s stock worth $429,000 after buying an additional 670 shares during the last quarter. Institutional investors own 88.42% of the company’s stock.

CPB Price Performance

Shares of NYSE:CPF opened at $37.82 on Monday. CPB Inc. has a twelve month low of $25.62 and a twelve month high of $38.02. The stock’s 50 day moving average is $34.99 and its 200-day moving average is $33.27. 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 firm has a market capitalization of $987.02 million, a price-to-earnings ratio of 12.65 and a beta of 0.86.

CPB (NYSE:CPF) last posted 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. The business had revenue of $72.93 million during the quarter, compared to the consensus estimate of $74.30 million. CPB had a net margin of 21.96% and a return on equity of 13.93%. Sell-side analysts forecast that CPB Inc. will post 3.17 EPS for the current fiscal year.

CPB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, May 29th. CPB’s dividend payout ratio (DPR) is currently 38.80%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Piper Sandler cut their price target on shares of CPB from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Weiss Ratings raised CPB from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, June 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on CPB from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $37.00.

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.