StockNews.com cut shares of Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) from a buy rating to a hold rating in a research report released on Monday.
CBD has been the topic of several other research reports. Citigroup raised shares of Companhia Brasileira de Distribuição from a neutral rating to a buy rating in a research note on Wednesday, March 2nd. Bank of America raised shares of Companhia Brasileira de Distribuição from an underperform rating to a buy rating in a research note on Wednesday, May 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of $6.00.
Companhia Brasileira de Distribuição stock opened at $4.23 on Monday. The company’s 50 day simple moving average is $4.71 and its 200 day simple moving average is $4.31. Companhia Brasileira de Distribuição has a fifty-two week low of $3.37 and a fifty-two week high of $8.41. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 0.72.
The business also recently declared an annual dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Monday, May 9th will be paid a $0.061 dividend. This represents a yield of 1.43%. The ex-dividend date of this dividend is Friday, May 6th.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its stake in Companhia Brasileira de Distribuição by 199.9% in the first quarter. Renaissance Technologies LLC now owns 725,500 shares of the company’s stock valued at $3,657,000 after buying an additional 483,600 shares in the last quarter. Morgan Stanley lifted its stake in Companhia Brasileira de Distribuição by 448.4% in the second quarter. Morgan Stanley now owns 706,004 shares of the company’s stock valued at $5,500,000 after buying an additional 577,271 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Companhia Brasileira de Distribuição by 89.9% in the fourth quarter. BlackRock Inc. now owns 527,304 shares of the company’s stock valued at $2,104,000 after purchasing an additional 249,653 shares during the last quarter. UBS Group AG raised its holdings in shares of Companhia Brasileira de Distribuição by 46.6% in the first quarter. UBS Group AG now owns 497,635 shares of the company’s stock valued at $2,508,000 after purchasing an additional 158,211 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Companhia Brasileira de Distribuição by 34.4% in the fourth quarter. Qube Research & Technologies Ltd now owns 453,525 shares of the company’s stock valued at $1,810,000 after purchasing an additional 116,146 shares during the last quarter. 4.35% of the stock is currently owned by hedge funds and other institutional investors.
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 Éxito 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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