Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) declared an annual dividend on Wednesday, April 27th, Zacks reports. Investors of record on Monday, May 9th will be given a dividend of 0.061 per share on Wednesday, June 22nd. This represents a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, May 6th.
CBD stock opened at $4.28 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.15 billion, a PE ratio of 2.97, a PEG ratio of 0.09 and a beta of 0.86. Companhia Brasileira de Distribuição has a 1-year low of $3.37 and a 1-year high of $8.41. The business’s 50 day simple moving average is $4.78 and its 200 day simple moving average is $4.37.
Hedge funds and other institutional investors have recently modified their holdings of the business. Boston Private Wealth LLC acquired a new position in Companhia Brasileira de Distribuição in the 4th quarter valued at $74,000. Invesco Ltd. grew its holdings in Companhia Brasileira de Distribuição by 23.4% in the 3rd quarter. Invesco Ltd. now owns 56,988 shares of the company’s stock valued at $268,000 after buying an additional 10,797 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Companhia Brasileira de Distribuição in the 4th quarter valued at $278,000. Two Sigma Advisers LP grew its holdings in Companhia Brasileira de Distribuição by 21.5% in the 3rd quarter. Two Sigma Advisers LP now owns 65,000 shares of the company’s stock valued at $306,000 after buying an additional 11,500 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Companhia Brasileira de Distribuição by 59.9% in the 3rd quarter. Royal Bank of Canada now owns 72,813 shares of the company’s stock valued at $343,000 after buying an additional 27,286 shares in the last quarter. 4.35% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on CBD. StockNews.com began coverage on Companhia Brasileira de Distribuição in a report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Citigroup raised Companhia Brasileira de Distribuição from a “neutral” rating to a “buy” rating in a report on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $6.00.
About Companhia Brasileira de Distribuição (Get Rating)
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores in Brazil. It operates in Food Retail, and Ãxito Group segments. The company sells non-perishables, beverages, fruits, vegetables, meat, breads, cold cuts, dairy products, cleaning products, disposable products, and personal care products; and home appliances and other non-food products, such as clothing and baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, toys, sports and camping gears, furniture, mobile phones, mattresses, pet products, and gardening equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and sound and image systems.
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