Thrivent Financial for Lutherans Sells 24,267 Shares of CPB Inc. $CPF

Thrivent Financial for Lutherans reduced its stake in CPB Inc. (NYSE:CPF) by 28.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,256 shares of the financial services provider’s stock after selling 24,267 shares during the period. Thrivent Financial for Lutherans owned 0.23% of CPB worth $1,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in CPB by 15.8% in the first quarter. Royal Bank of Canada now owns 9,131 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 1,245 shares during the period. AQR Capital Management LLC increased its position in shares of CPB by 1.6% in the 1st quarter. AQR Capital Management LLC now owns 169,809 shares of the financial services provider’s stock valued at $4,592,000 after buying an additional 2,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CPB by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,849 shares of the financial services provider’s stock worth $429,000 after buying an additional 670 shares during the period. Millennium Management LLC lifted its holdings in CPB by 433.6% during the first quarter. Millennium Management LLC now owns 293,335 shares of the financial services provider’s stock worth $7,932,000 after acquiring an additional 238,367 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in CPB in the first quarter valued at about $248,000. Institutional investors own 88.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CPF shares. Keefe, Bruyette & Woods lifted their price objective 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 restated 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.50.

CPB Stock Performance

Shares of CPF opened at $33.99 on Thursday. The stock has a market capitalization of $911.82 million, a price-to-earnings ratio of 11.88 and a beta of 0.96. CPB Inc. has a 12 month low of $23.16 and a 12 month high of $35.01. The firm has a fifty day simple moving average of $32.21 and a 200 day simple moving average of $30.41. 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 posted its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.12. The company had revenue of $76.29 million during the quarter, compared to the consensus estimate of $75.43 million. CPB had a net margin of 21.17% and a return on equity of 13.64%. Research analysts forecast that CPB Inc. will post 2.75 EPS 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 paid a dividend of $0.29 per share. The ex-dividend date is Friday, February 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from CPB’s previous quarterly dividend of $0.28. CPB’s dividend payout ratio (DPR) is currently 39.16%.

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.