Globeflex Capital L P Invests $900,000 in CPB Inc. $CPF

Globeflex Capital L P acquired a new stake in CPB Inc. (NYSE:CPF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,571 shares of the financial services provider’s stock, valued at approximately $900,000. Globeflex Capital L P owned 0.09% of CPB as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP boosted its stake in 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 increased its stake in shares of CPB by 30.0% during the 4th quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 376 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of CPB during the 3rd quarter valued at about $62,000. iSAM Funds UK Ltd purchased a new position in shares of CPB during the 3rd quarter worth about $62,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of CPB by 35.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,635 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 690 shares during the period. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on CPF. Zacks Research upgraded shares of CPB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Benchmark started coverage on shares of CPB in a research note on Thursday, July 9th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Weiss Ratings upgraded shares of CPB from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $39.33.

CPB Trading Up 1.0%

NYSE CPF opened at $37.82 on Tuesday. The firm has a market capitalization of $973.78 million, a price-to-earnings ratio of 12.12 and a beta of 0.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. CPB Inc. has a one year low of $27.38 and a one year high of $40.99. The company’s 50 day moving average price is $38.27 and its 200 day moving average price is $35.18.

CPB (NYSE:CPF) last released its quarterly earnings data on Friday, July 24th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. The company had revenue of $77.45 million during the quarter, compared to analyst estimates of $75.69 million. CPB had a net margin of 22.52% and a return on equity of 14.20%. During the same quarter in the prior year, the business earned $0.67 earnings per share. On average, sell-side analysts predict that CPB Inc. will post 3.32 EPS for the current year.

CPB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.30 per share. This is a boost from CPB’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, August 31st. CPB’s payout ratio is presently 38.46%.

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.