Daiwa Securities Group Inc. Reduces Stake in Companhia Brasileira de Distribuicao-ADR (CBD)

Daiwa Securities Group Inc. decreased its stake in shares of Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) by 39.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,200 shares of the company’s stock after selling 51,900 shares during the period. Daiwa Securities Group Inc.’s holdings in Companhia Brasileira de Distribuicao-ADR were worth $1,560,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Companhia Brasileira de Distribuicao-ADR by 1.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 33,889 shares of the company’s stock valued at $555,000 after buying an additional 592 shares during the last quarter. Duff & Phelps Investment Management Co. raised its stake in shares of Companhia Brasileira de Distribuicao-ADR by 2.0% in the first quarter. Duff & Phelps Investment Management Co. now owns 310,787 shares of the company’s stock worth $5,965,000 after buying an additional 6,170 shares during the last quarter. FNY Partners Fund LP acquired a new stake in shares of Companhia Brasileira de Distribuicao-ADR during the fourth quarter worth $150,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Companhia Brasileira de Distribuicao-ADR during the fourth quarter worth $208,000. Finally, Profund Advisors LLC raised its stake in shares of Companhia Brasileira de Distribuicao-ADR by 99.6% in the first quarter. Profund Advisors LLC now owns 25,929 shares of the company’s stock worth $498,000 after buying an additional 12,941 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

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

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A number of equities research analysts have recently weighed in on CBD shares. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao-ADR from a “strong sell” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, February 14th. JPMorgan Chase & Co. raised shares of Companhia Brasileira de Distribuicao-ADR to an “overweight” rating in a research note on Wednesday, March 22nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $21.00.

About Companhia Brasileira de Distribuicao-ADR

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.

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