CPB (NYSE:CPF) Sets New 12-Month High – Should You Buy?

CPB Inc. (NYSE:CPF)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $35.45 and last traded at $34.5580, with a volume of 9179 shares. The stock had previously closed at $34.81.

Analyst Ratings Changes

CPF has been the subject of several research reports. Piper Sandler cut their price objective on CPB from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Keefe, Bruyette & Woods boosted their price objective on CPB from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, April 9th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, CPB currently has an average rating of “Moderate Buy” and an average target price of $37.00.

CPB Trading Down 0.0%

The firm has a market capitalization of $908.31 million, a price-to-earnings ratio of 11.64 and a beta of 0.86. The company has a fifty day moving average price of $33.09 and a two-hundred day moving average price of $32.18. 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 issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. The business had revenue of $72.93 million for the quarter, compared to analysts’ expectations of $74.30 million. CPB had a return on equity of 13.93% and a net margin of 21.96%. As a group, research analysts forecast 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 will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.29 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 3.3%. CPB’s dividend payout ratio is currently 38.80%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. HoldCo Asset Management LP lifted its holdings in CPB by 6.4% in the fourth quarter. HoldCo Asset Management LP now owns 2,427,576 shares of the financial services provider’s stock valued at $75,643,000 after acquiring an additional 146,547 shares during the last quarter. Vanguard Group Inc. lifted its holdings in CPB by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,079,266 shares of the financial services provider’s stock valued at $64,790,000 after acquiring an additional 24,933 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in CPB by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,046,284 shares of the financial services provider’s stock valued at $32,602,000 after acquiring an additional 12,206 shares during the last quarter. Basswood Capital Management L.L.C. lifted its holdings in CPB by 11.0% in the second quarter. Basswood Capital Management L.L.C. now owns 885,753 shares of the financial services provider’s stock valued at $24,828,000 after acquiring an additional 88,028 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in CPB by 7.8% in the third quarter. American Century Companies Inc. now owns 803,750 shares of the financial services provider’s stock valued at $24,386,000 after acquiring an additional 58,207 shares during the last quarter. 88.42% of the stock is currently owned by institutional investors and hedge funds.

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.