Companhia Brasileira de Distribuicao (CBD) Holdings Cut by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in shares of Companhia Brasileira de Distribuicao (NYSE:CBD) by 83.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,800 shares of the company’s stock after selling 67,300 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Companhia Brasileira de Distribuicao were worth $327,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CBD. BT Investment Management Ltd bought a new stake in Companhia Brasileira de Distribuicao during the second quarter worth approximately $14,124,000. Lord Abbett & CO. LLC acquired a new position in shares of Companhia Brasileira de Distribuicao during the second quarter worth approximately $8,809,000. INCA Investments LLC lifted its holdings in shares of Companhia Brasileira de Distribuicao by 16.3% during the second quarter. INCA Investments LLC now owns 1,878,300 shares of the company’s stock worth $36,721,000 after buying an additional 263,800 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Companhia Brasileira de Distribuicao by 210.6% during the second quarter. Goldman Sachs Group Inc. now owns 362,761 shares of the company’s stock worth $7,092,000 after buying an additional 245,959 shares during the last quarter. Finally, Banco BTG Pactual S.A. acquired a new position in shares of Companhia Brasileira de Distribuicao during the second quarter worth approximately $2,917,000. 3.24% of the stock is owned by hedge funds and other institutional investors.

Companhia Brasileira de Distribuicao (NYSE:CBD) opened at $20.82 on Wednesday. Companhia Brasileira de Distribuicao has a 1-year low of $14.08 and a 1-year high of $25.90. The company has a market capitalization of $5,667.80, a P/E ratio of 28.01, a PEG ratio of 1.23 and a beta of 1.89. The company has a current ratio of 1.18, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26.

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A number of research analysts have recently commented on CBD shares. upgraded Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Friday, September 8th. Credit Suisse Group upgraded Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 7th. Finally, upgraded Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $28.00.

Companhia Brasileira de Distribuicao Profile

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

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Institutional Ownership by Quarter for Companhia Brasileira de Distribuicao (NYSE:CBD)

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