CPB (NYSE:CPF) Announces Earnings Results

CPB (NYSE:CPF) posted its quarterly earnings data on Friday. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02, FiscalAI reports. The company had revenue of $77.45 million for the quarter, compared to analyst estimates of $75.69 million. CPB had a return on equity of 13.93% and a net margin of 21.96%.During the same quarter in the previous year, the firm earned $0.67 earnings per share.

CPB Trading Up 1.4%

CPF stock traded up $0.53 during midday trading on Friday, reaching $39.21. The stock had a trading volume of 40,107 shares, compared to its average volume of 157,142. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 13.11 and a beta of 0.84. CPB has a twelve month low of $25.62 and a twelve month high of $40.06. 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 business has a fifty day simple moving average of $36.58 and a two-hundred day simple moving average of $34.12.

CPB Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on CPF. Weiss Ratings upgraded CPB from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, June 18th. Benchmark assumed coverage on shares of CPB in a research report on Thursday, July 9th. They set a “buy” rating and a $44.00 price target on the stock. Keefe, Bruyette & Woods increased their price objective on shares of CPB from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Finally, Piper Sandler lowered their price objective on shares of CPB from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $39.33.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Aigen Investment Management LP acquired a new stake in shares of CPB during the 4th quarter worth approximately $240,000. O Shaughnessy Asset Management LLC lifted its holdings in CPB by 4.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,023 shares of the financial services provider’s stock valued at $281,000 after buying an additional 369 shares during the period. PharVision Advisers LLC acquired a new position in CPB in the third quarter valued at approximately $276,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CPB by 116.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,489 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 4,029 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in CPB by 21.7% in the third quarter. Squarepoint Ops LLC now owns 9,221 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 1,644 shares during the last quarter. 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.