Nordea Investment Management AB lessened its holdings in shares of Companhia Brasileira de Distribuicao (NYSE:CBD) by 9.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,760 shares of the company’s stock after selling 3,340 shares during the quarter. Nordea Investment Management AB’s holdings in Companhia Brasileira de Distribuicao were worth $660,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Boston Common Asset Management LLC boosted its position in Companhia Brasileira de Distribuicao by 0.4% during the first quarter. Boston Common Asset Management LLC now owns 16,050 shares of the company’s stock worth $308,000 after purchasing an additional 70 shares during the period. Aperio Group LLC boosted its position in Companhia Brasileira de Distribuicao by 5.1% during the second quarter. Aperio Group LLC now owns 125,631 shares of the company’s stock worth $2,456,000 after purchasing an additional 6,091 shares during the period. Thomas White International Ltd. boosted its position in Companhia Brasileira de Distribuicao by 10.0% during the second quarter. Thomas White International Ltd. now owns 69,716 shares of the company’s stock worth $1,363,000 after purchasing an additional 6,353 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Companhia Brasileira de Distribuicao by 138.8% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,819 shares of the company’s stock worth $241,000 after purchasing an additional 7,450 shares during the period. Finally, FNY Partners Fund LP boosted its position in Companhia Brasileira de Distribuicao by 8,900.0% during the second quarter. FNY Partners Fund LP now owns 9,000 shares of the company’s stock worth $175,000 after purchasing an additional 8,900 shares during the period. Hedge funds and other institutional investors own 3.50% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, September 19th. BidaskClub upgraded shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $28.00.

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Companhia Brasileira de Distribuicao (NYSE CBD) opened at 24.76 on Monday. The firm’s 50-day moving average is $23.99 and its 200-day moving average is $21.75. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 156.71 and a beta of 1.84. Companhia Brasileira de Distribuicao has a 12 month low of $14.08 and a 12 month high of $25.90.

Companhia Brasileira de Distribuicao Profile

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

Institutional Ownership by Quarter for Companhia Brasileira de Distribuicao (NYSE:CBD)

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