Thrivent Financial for Lutherans Has $1.89 Million Position in CPB Inc. $CPF

Thrivent Financial for Lutherans cut its position in shares of CPB Inc. (NYSE:CPF) by 28.0% during the 3rd quarter, Holdings Channel reports. The firm owned 62,256 shares of the financial services provider’s stock after selling 24,267 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CPB were worth $1,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in CPB by 369.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,065 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 3,199 shares during the period. Semanteon Capital Management LP bought a new stake in CPB in the second quarter valued at approximately $231,000. Royal Bank of Canada lifted its position in shares of CPB by 15.8% in the first quarter. Royal Bank of Canada now owns 9,131 shares of the financial services provider’s stock valued at $247,000 after buying an additional 1,245 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of CPB during the 1st quarter worth approximately $248,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of CPB during the 2nd quarter worth approximately $277,000. 88.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CPF. Weiss Ratings restated a “buy (b)” rating on shares of CPB in a research note on Monday, December 29th. Keefe, Bruyette & Woods upped their price objective on shares of CPB from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CPB presently has an average rating of “Moderate Buy” and an average price target of $35.50.

CPB Stock Down 1.2%

CPF opened at $33.99 on Thursday. The stock has a fifty day moving average of $32.21 and a 200-day moving average of $30.41. The company has a market capitalization of $911.82 million, a P/E ratio of 11.88 and a beta of 0.96. CPB Inc. has a fifty-two week low of $23.16 and a fifty-two week high of $35.01. 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 released its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.12. CPB had a net margin of 21.17% and a return on equity of 13.64%. The business had revenue of $76.29 million for the quarter, compared to analyst estimates of $75.43 million. On average, equities analysts expect that CPB Inc. will post 2.75 EPS for the current year.

CPB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.4%. This is an increase from CPB’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 27th. CPB’s dividend payout ratio is presently 39.16%.

CPB 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.