Quantinno Capital Management LP Raises Position in CPB Inc. $CPF

Quantinno Capital Management LP boosted its stake in shares of CPB Inc. (NYSE:CPF) by 35.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 52,726 shares of the financial services provider’s stock after buying an additional 13,791 shares during the period. Quantinno Capital Management LP owned approximately 0.20% of CPB worth $1,685,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CPF. O Shaughnessy Asset Management LLC boosted its stake in CPB by 4.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,023 shares of the financial services provider’s stock worth $281,000 after buying an additional 369 shares during the period. Royal Bank of Canada raised its stake in shares of CPB by 30.0% in the fourth quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 376 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of CPB by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 44,388 shares of the financial services provider’s stock worth $1,383,000 after acquiring an additional 472 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of CPB by 3.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 14,398 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 523 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of CPB by 4.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,201 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 655 shares during the period. 88.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Benchmark started coverage on shares of CPB in a report on Thursday, July 9th. They set a “buy” rating and a $44.00 price target on the stock. Zacks Research upgraded CPB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings raised CPB from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, CPB presently has a consensus rating of “Buy” and a consensus target price of $39.33.

CPB Price Performance

CPB stock opened at $38.73 on Thursday. The stock has a market cap of $997.18 million, a price-to-earnings ratio of 12.41 and a beta of 0.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. CPB Inc. has a 1 year low of $27.38 and a 1 year high of $40.99. The firm has a 50-day moving average of $37.91 and a two-hundred day moving average of $34.86.

CPB (NYSE:CPF) last issued its earnings results on Friday, July 24th. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. CPB had a net margin of 22.52% and a return on equity of 14.20%. The business had revenue of $77.45 million for the quarter, compared to analyst estimates of $75.69 million. During the same period last year, the company posted $0.67 earnings per share. On average, research analysts forecast that CPB Inc. will post 3.32 earnings per share for the current year.

CPB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, August 31st. This is an increase from CPB’s previous quarterly dividend of $0.29. CPB’s dividend payout ratio (DPR) is 38.46%.

CPB 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.