CPB (NYSE:CPF) Share Price Passes Above 200-Day Moving Average – What’s Next?

CPB Inc. (NYSE:CPF) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.10 and traded as high as $32.00. CPB shares last traded at $31.4910, with a volume of 202,131 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CPF. Weiss Ratings reiterated a “buy (b)” rating on shares of CPB in a research note on Monday, December 29th. Keefe, Bruyette & Woods upped their price target on shares of CPB from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, CPB presently has an average rating of “Moderate Buy” and an average price target of $35.50.

CPB Price 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 company has a 50 day simple moving average of $32.43 and a 200-day simple moving average of $31.11. The stock has a market cap of $844.13 million, a price-to-earnings ratio of 11.16 and a beta of 0.95.

CPB (NYSE:CPF) last issued its earnings results on Wednesday, January 28th. The financial services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.73 by $0.12. CPB had a return on equity of 13.64% and a net margin of 21.17%.The company had revenue of $76.29 million during the quarter, compared to analyst estimates of $75.43 million. As a group, research analysts anticipate that CPB Inc. will post 2.75 EPS for the current fiscal year.

CPB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $0.29 dividend. This is a boost from CPB’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, February 27th. CPB’s dividend payout ratio is presently 40.56%.

Institutional Trading of CPB

Institutional investors and hedge funds have recently modified their holdings of the business. HoldCo Asset Management LP boosted its holdings in shares of CPB by 6.4% in the 4th quarter. HoldCo Asset Management LP now owns 2,427,576 shares of the financial services provider’s stock valued at $75,643,000 after buying an additional 146,547 shares during the period. Vanguard Group Inc. lifted its holdings in CPB by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,079,266 shares of the financial services provider’s stock worth $64,790,000 after acquiring an additional 24,933 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in CPB by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,046,284 shares of the financial services provider’s stock worth $32,602,000 after acquiring an additional 12,206 shares during the last quarter. Basswood Capital Management L.L.C. boosted its stake 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 valued at $24,828,000 after acquiring an additional 88,028 shares during the period. Finally, American Century Companies Inc. boosted its stake in CPB by 7.8% in 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 acquiring an additional 58,207 shares during the period. 88.42% of the stock is owned by institutional investors and hedge funds.

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.