CPB (NYSE:CPF) Hits New 1-Year High – Should You Buy?

Shares of CPB Inc. (NYSE:CPF) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $39.20 and last traded at $37.9140, with a volume of 113276 shares changing hands. The stock had previously closed at $38.28.

Analyst Ratings Changes

Several brokerages have commented on CPF. Keefe, Bruyette & Woods upped their target price on shares of CPB from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Thursday, April 9th. Weiss Ratings upgraded CPB from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, June 18th. Finally, Piper Sandler decreased their price objective on CPB from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CPB currently has a consensus rating of “Buy” and an average target price of $37.00.

CPB Stock Down 1.4%

The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 12.82 and a beta of 0.84. The business’s 50-day moving average is $35.38 and its two-hundred day moving average is $33.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85.

CPB (NYSE:CPF) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $72.93 million during the quarter, compared to analysts’ expectations of $74.30 million. CPB had a net margin of 21.96% and a return on equity of 13.93%. On average, equities analysts anticipate that CPB Inc. will post 3.17 earnings per share for the current year.

CPB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 29th. CPB’s dividend payout ratio (DPR) is currently 38.80%.

Institutional Trading of CPB

A number of large investors have recently made changes to their positions in CPF. Quarry LP raised 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 during the period. Royal Bank of Canada lifted its holdings in 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 acquiring an additional 376 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in CPB in the third quarter valued at about $62,000. iSAM Funds UK Ltd acquired a new position in CPB in the third quarter valued at about $62,000. Finally, PNC Financial Services Group Inc. grew its stake in CPB by 35.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,635 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 690 shares during the period. Institutional investors own 88.42% of the company’s stock.

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.