Companhia Brasileira de Distribuicao (CBD) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Companhia Brasileira de Distribuicao (NYSE:CBD) by 93.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,955 shares of the company’s stock after acquiring an additional 4,800 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Companhia Brasileira de Distribuicao were worth $214,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in Companhia Brasileira de Distribuicao in the third quarter valued at approximately $3,525,000. Northern Trust Corp lifted its stake in Companhia Brasileira de Distribuicao by 6.7% in the second quarter. Northern Trust Corp now owns 448,973 shares of the company’s stock valued at $8,971,000 after buying an additional 28,343 shares during the period. Tower Research Capital LLC TRC lifted its stake in Companhia Brasileira de Distribuicao by 287.3% in the second quarter. Tower Research Capital LLC TRC now owns 21,069 shares of the company’s stock valued at $421,000 after buying an additional 15,629 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Companhia Brasileira de Distribuicao in the second quarter valued at approximately $344,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Companhia Brasileira de Distribuicao in the third quarter valued at approximately $1,139,000. 1.76% of the stock is currently owned by institutional investors.

Shares of CBD opened at $21.47 on Friday. Companhia Brasileira de Distribuicao has a 52-week low of $17.91 and a 52-week high of $25.12. The company has a current ratio of 1.20, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 36.31, a price-to-earnings-growth ratio of 1.10 and a beta of 1.54.

Companhia Brasileira de Distribuicao (NYSE:CBD) last issued its quarterly earnings results on Friday, October 26th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.08). Companhia Brasileira de Distribuicao had a net margin of 2.25% and a return on equity of 4.54%. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.09 billion. Equities analysts predict that Companhia Brasileira de Distribuicao will post 1 earnings per share for the current year.

The firm also recently declared a special dividend, which will be paid on Thursday, December 20th. Shareholders of record on Monday, December 10th will be paid a $0.072 dividend. The ex-dividend date is Friday, December 7th. Companhia Brasileira de Distribuicao’s dividend payout ratio (DPR) is presently 84.78%.

Several equities analysts have issued reports on CBD shares. ValuEngine lowered Companhia Brasileira de Distribuicao from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. Zacks Investment Research lowered Companhia Brasileira de Distribuicao from a “hold” rating to a “sell” rating in a research note on Monday, August 20th. Finally, Santander raised Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating in a research note on Monday, September 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $23.00.

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Companhia Brasileira de Distribuicao Profile

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. The company operates through two segments, Food Retail; and Cash and Carry.

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

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