CPB (NYSE:CPF) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

CPB Inc. (NYSE:CPF) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.55 and traded as high as $35.04. CPB shares last traded at $34.8430, with a volume of 111,136 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on CPF shares. Piper Sandler dropped 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 reissued a “buy (b)” rating on shares of CPB in a research note on Friday, May 22nd. Finally, Keefe, Bruyette & Woods raised their target price on CPB from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

CPB Stock Up 3.0%

The stock has a market cap of $909.40 million, a PE ratio of 11.65 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. The business has a 50-day moving average price of $33.85 and a 200-day moving average price of $32.55.

CPB (NYSE:CPF) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The company had revenue of $72.93 million during the quarter, compared to analyst estimates of $74.30 million. CPB had a net margin of 21.96% and a return on equity of 13.93%. As a group, analysts forecast that CPB Inc. will post 3.17 earnings per share for the current year.

CPB Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CPF. Hantz Financial Services Inc. boosted its holdings in CPB by 535.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 915 shares of the financial services provider’s stock worth $28,000 after buying an additional 771 shares during the last quarter. Quarry LP increased its stake in CPB by 3,169.6% during 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 in the last quarter. Royal Bank of Canada raised its holdings 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 valued at $51,000 after acquiring an additional 376 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of CPB in the third quarter valued at approximately $62,000. Finally, iSAM Funds UK Ltd purchased a new position in shares of CPB in the third quarter valued at approximately $62,000. 88.42% of the stock is owned by hedge funds and other institutional investors.

About CPB

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.