HoldCo Asset Management LP Has $69.21 Million Stock Holdings in CPB Inc. $CPF

HoldCo Asset Management LP lifted its position in CPB Inc. (NYSE:CPF) by 107.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,281,029 shares of the financial services provider’s stock after purchasing an additional 1,183,399 shares during the period. CPB comprises approximately 7.3% of HoldCo Asset Management LP’s portfolio, making the stock its 6th biggest holding. HoldCo Asset Management LP owned about 8.50% of CPB worth $69,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPF. Hantz Financial Services Inc. boosted its position in CPB by 535.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 915 shares of the financial services provider’s stock valued at $28,000 after buying an additional 771 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of CPB in the third quarter valued at about $62,000. Tower Research Capital LLC TRC raised its stake in shares of 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 valued at $114,000 after acquiring an additional 3,199 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CPB by 116.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,489 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 4,029 shares during the period. Finally, Semanteon Capital Management LP purchased a new stake in shares of CPB during the second quarter worth about $231,000. 88.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on CPB from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of CPB in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.50.

CPB Trading Down 0.7%

Shares of CPF opened at $30.63 on Monday. CPB Inc. has a 1-year low of $23.16 and a 1-year 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. The firm’s 50-day moving average price is $32.51 and its 200-day moving average price is $31.12. The firm has a market capitalization of $809.88 million, a price-to-earnings ratio of 10.71 and a beta of 0.95.

CPB (NYSE:CPF) last posted its earnings results on Wednesday, January 28th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $75.43 million. Sell-side analysts anticipate that CPB Inc. will post 2.75 EPS for the current year.

CPB Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from CPB’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.8%. CPB’s payout ratio is currently 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.