CPB (NYSE:CPF) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

CPB Inc. (NYSE:CPF) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.72 and traded as high as $32.23. CPB shares last traded at $32.1650, with a volume of 148,933 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of CPB in a research note on Monday, December 29th. Keefe, Bruyette & Woods assumed coverage on shares of CPB in a research note on Wednesday, October 8th. They set a “market perform” rating and a $34.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.50.

CPB Trading Down 0.9%

The stock has a market cap of $856.74 million, a P/E ratio of 13.14 and a beta of 0.95. The firm’s 50 day simple moving average is $30.79 and its two-hundred day simple moving average is $29.77. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.22.

CPB (NYSE:CPF) last posted its quarterly earnings results on Monday, March 10th. The financial services provider reported $0.58 EPS for the quarter. CPB had a net margin of 18.66% and a return on equity of 13.28%. The business had revenue of $66.59 million during the quarter. As a group, equities research analysts predict that CPB Inc. will post 2.75 earnings per share for the current fiscal year.

CPB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.5%. This is a boost from CPB’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, November 28th. CPB’s dividend payout ratio is currently 46.09%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Global Investments raised its stake in CPB by 2.5% during the 2nd quarter. Summit Global Investments now owns 18,885 shares of the financial services provider’s stock valued at $529,000 after purchasing an additional 458 shares during the period. Twin Lakes Capital Management LLC grew its holdings in shares of CPB by 0.3% during the third quarter. Twin Lakes Capital Management LLC now owns 184,244 shares of the financial services provider’s stock valued at $5,590,000 after buying an additional 513 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of CPB by 1.5% during the second quarter. SummerHaven Investment Management LLC now owns 36,558 shares of the financial services provider’s stock valued at $1,025,000 after buying an additional 547 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in CPB by 2.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,163 shares of the financial services provider’s stock valued at $763,000 after buying an additional 616 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CPB by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,849 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 670 shares in the last quarter. Institutional investors and hedge funds 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.