CPB (NYSE:CPF) Hits New 12-Month High – Time to Buy?

CPB Inc. (NYSE:CPF)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $38.02 and last traded at $37.8150, with a volume of 473476 shares changing hands. The stock had previously closed at $37.85.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CPF shares. Keefe, Bruyette & Woods increased their price objective on shares of CPB from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. Piper Sandler lowered their target price on CPB from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Finally, Weiss Ratings upgraded CPB from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $37.00.

CPB Stock Performance

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 stock has a market cap of $981.49 million, a PE ratio of 12.58 and a beta of 0.86. The business’s 50-day moving average price is $34.99 and its 200-day moving average price is $33.27.

CPB (NYSE:CPF) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. CPB had a net margin of 21.96% and a return on equity of 13.93%. The company had revenue of $72.93 million during the quarter, compared to analysts’ expectations of $74.30 million. As a group, equities research analysts expect that CPB Inc. will post 3.17 earnings per share for the current fiscal year.

CPB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, May 29th. CPB’s dividend payout ratio is currently 38.80%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPF. Quarry LP raised its stake in CPB by 3,169.6% in the third quarter. Quarry LP now owns 1,504 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,458 shares during the last quarter. Royal Bank of Canada grew its stake in shares of CPB by 30.0% during the fourth quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 376 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of CPB during the third quarter worth about $62,000. iSAM Funds UK Ltd acquired a new position in shares of CPB during the third quarter valued at about $62,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of CPB by 35.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,635 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 690 shares in the last quarter. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

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.