Deprince Race & Zollo Inc. Has $3.72 Million Stake in Companhia Brasileira de Distribuicao (CBD)

Deprince Race & Zollo Inc. grew its holdings in Companhia Brasileira de Distribuicao (NYSE:CBD) by 42.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,130 shares of the company’s stock after purchasing an additional 53,130 shares during the period. Deprince Race & Zollo Inc. owned about 0.07% of Companhia Brasileira de Distribuicao worth $3,721,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. We Are One Seven LLC acquired a new position in shares of Companhia Brasileira de Distribuicao in the 4th quarter valued at about $25,000. Simplex Trading LLC bought a new stake in shares of Companhia Brasileira de Distribuicao in the 4th quarter valued at approximately $25,000. Advisors Asset Management Inc. grew its stake in shares of Companhia Brasileira de Distribuicao by 73.0% in the 4th quarter. Advisors Asset Management Inc. now owns 4,867 shares of the company’s stock valued at $101,000 after buying an additional 2,054 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of Companhia Brasileira de Distribuicao in the 4th quarter valued at approximately $47,000. Finally, Atlas Capital Advisors LLC bought a new stake in shares of Companhia Brasileira de Distribuicao in the 4th quarter valued at approximately $50,000. Institutional investors own 1.89% of the company’s stock.

Shares of NYSE:CBD traded up $0.71 during midday trading on Friday, reaching $23.77. The company’s stock had a trading volume of 425,463 shares, compared to its average volume of 527,064. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.93 and a current ratio of 1.11. Companhia Brasileira de Distribuicao has a fifty-two week low of $17.91 and a fifty-two week high of $26.81. The firm has a market cap of $6.33 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.29 and a beta of 1.43.

The firm also recently declared a special dividend, which will be paid on Thursday, May 30th. Investors of record on Friday, April 5th will be issued a $0.1939 dividend. This is a boost from Companhia Brasileira de Distribuicao’s previous special dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 4th. Companhia Brasileira de Distribuicao’s payout ratio is currently 51.56%.

Several equities research analysts recently commented on CBD shares. Zacks Investment Research raised Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Thursday, February 28th. ValuEngine raised Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating in a research report on Tuesday, January 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Companhia Brasileira de Distribuicao presently has a consensus rating of “Buy” and an average target price of $28.00.

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About Companhia Brasileira de Distribuicao

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.

Further Reading: Average Daily Trade Volume – ADTV

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

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