Quantinno Capital Management LP Grows Position in CPB Inc. $CPF

Quantinno Capital Management LP boosted its holdings in shares of CPB Inc. (NYSE:CPF) by 35.4% during the 1st quarter, Holdings Channel reports. The fund owned 52,726 shares of the financial services provider’s stock after buying an additional 13,791 shares during the period. Quantinno Capital Management LP’s holdings in CPB were worth $1,685,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Millennium Management LLC increased its position in CPB by 433.6% during the 1st quarter. Millennium Management LLC now owns 293,335 shares of the financial services provider’s stock valued at $7,932,000 after purchasing an additional 238,367 shares during the period. HoldCo Asset Management LP lifted its position in shares of CPB by 6.4% in the 4th quarter. HoldCo Asset Management LP now owns 2,427,576 shares of the financial services provider’s stock worth $75,643,000 after purchasing an additional 146,547 shares during the period. Invesco Ltd. boosted its stake in shares of CPB by 122.4% during the fourth quarter. Invesco Ltd. now owns 185,893 shares of the financial services provider’s stock valued at $5,792,000 after purchasing an additional 102,301 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of CPB during the fourth quarter valued at approximately $3,171,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of CPB by 371.1% during the second quarter. Qube Research & Technologies Ltd now owns 114,740 shares of the financial services provider’s stock valued at $3,216,000 after purchasing an additional 90,385 shares in the last quarter. Hedge funds and other institutional investors own 88.42% of the company’s stock.

Wall Street Analyst Weigh In

CPF has been the subject of a number of recent research reports. Zacks Research raised shares of CPB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Weiss Ratings raised CPB from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, June 18th. Finally, Benchmark initiated coverage on CPB in a report on Thursday, July 9th. They issued a “buy” rating and a $44.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $39.33.

CPB Stock Up 0.1%

CPB stock opened at $38.73 on Thursday. CPB Inc. has a 1-year low of $27.38 and a 1-year high of $40.99. The business has a fifty day moving average price of $37.91 and a 200-day moving average price of $34.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $997.18 million, a price-to-earnings ratio of 12.41 and a beta of 0.85.

CPB (NYSE:CPF) last announced its earnings results on Friday, July 24th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. CPB had a return on equity of 14.20% and a net margin of 22.52%.The company had revenue of $77.45 million for the quarter, compared to analyst estimates of $75.69 million. During the same period in the prior year, the company posted $0.67 EPS. Equities research analysts forecast that CPB Inc. will post 3.32 EPS for the current fiscal year.

CPB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. This is an increase from CPB’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, August 31st. CPB’s dividend payout ratio is currently 38.46%.

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.