CPB Inc. $CPF Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of CPB Inc. (NYSE:CPF) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,054,333 shares of the financial services provider’s stock after selling 57,086 shares during the period. Vanguard Group Inc. owned approximately 7.66% of CPB worth $62,328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Public Sector Pension Investment Board grew its stake in shares of CPB by 14.2% in the third quarter. Public Sector Pension Investment Board now owns 105,243 shares of the financial services provider’s stock valued at $3,193,000 after buying an additional 13,109 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in CPB by 535.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 915 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 771 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in CPB by 2.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,163 shares of the financial services provider’s stock valued at $763,000 after acquiring an additional 616 shares during the period. Bailard Inc. boosted its holdings in CPB by 4.1% during the 3rd quarter. Bailard Inc. now owns 27,836 shares of the financial services provider’s stock valued at $845,000 after acquiring an additional 1,100 shares during the period. Finally, Twin Lakes Capital Management LLC grew its position in CPB by 0.3% in the 3rd quarter. Twin Lakes Capital Management LLC now owns 184,244 shares of the financial services provider’s stock valued at $5,590,000 after acquiring an additional 513 shares in the last quarter. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on CPF shares. Weiss Ratings reiterated a “buy (b)” rating on shares of CPB in a research note on Monday, December 29th. Keefe, Bruyette & Woods lifted 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 assigned a Hold rating to the company. According to MarketBeat, CPB currently has an average rating of “Moderate Buy” and a consensus target price of $35.50.

CPB Trading Down 1.2%

NYSE:CPF opened at $31.41 on Friday. The firm has a market cap of $825.77 million, a PE ratio of 10.98 and a beta of 0.95. The stock has a fifty day moving average price of $32.56 and a 200 day moving average price of $31.08. CPB Inc. has a 12-month low of $23.16 and a 12-month high of $35.01. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.

CPB (NYSE:CPF) last released its earnings results on Wednesday, January 28th. The financial services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.73 by $0.12. CPB had a return on equity of 13.64% and a net margin of 21.17%.The firm had revenue of $76.29 million during the quarter, compared to analysts’ expectations of $75.43 million. Sell-side analysts anticipate that CPB Inc. will post 2.75 earnings per share for the current fiscal year.

CPB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $0.29 per share. This is a boost from CPB’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, February 27th. CPB’s dividend payout ratio is presently 40.56%.

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.