INCA Investments LLC Has $40.87 Million Position in Companhia Brasileira de Distribuicao (CBD)

INCA Investments LLC lessened its holdings in Companhia Brasileira de Distribuicao (NYSE:CBD) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,726,700 shares of the company’s stock after selling 151,600 shares during the period. Companhia Brasileira de Distribuicao comprises 8.8% of INCA Investments LLC’s investment portfolio, making the stock its 8th biggest holding. INCA Investments LLC owned 0.65% of Companhia Brasileira de Distribuicao worth $40,871,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BT Investment Management Ltd purchased a new stake in Companhia Brasileira de Distribuicao in the 2nd quarter valued at about $14,124,000. Lord Abbett & CO. LLC purchased a new stake in Companhia Brasileira de Distribuicao in the 2nd quarter valued at about $8,809,000. Goldman Sachs Group Inc. increased its stake in Companhia Brasileira de Distribuicao by 210.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 362,761 shares of the company’s stock valued at $7,092,000 after buying an additional 245,959 shares during the last quarter. Banco BTG Pactual S.A. purchased a new stake in Companhia Brasileira de Distribuicao in the 2nd quarter valued at about $2,917,000. Finally, Russell Investments Group Ltd. increased its stake in Companhia Brasileira de Distribuicao by 11.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 900,598 shares of the company’s stock valued at $21,318,000 after buying an additional 93,513 shares during the last quarter. Institutional investors own 3.33% of the company’s stock.

Shares of Companhia Brasileira de Distribuicao (CBD) opened at $22.93 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. The firm has a market cap of $6,032.52, a price-to-earnings ratio of 24.63, a PEG ratio of 1.31 and a beta of 1.84. Companhia Brasileira de Distribuicao has a 52-week low of $14.83 and a 52-week high of $25.90.

The business also recently disclosed a special dividend, which will be paid on Friday, December 22nd. Stockholders of record on Monday, December 11th will be given a dividend of $0.0968 per share. The ex-dividend date is Friday, December 8th. This is a boost from Companhia Brasileira de Distribuicao’s previous special dividend of $0.06. Companhia Brasileira de Distribuicao’s dividend payout ratio (DPR) is 106.45%.

CBD has been the subject of a number of research reports. Zacks Investment Research raised shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, August 30th. Credit Suisse Group raised shares of Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 7th. Finally, UBS raised shares of Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Companhia Brasileira de Distribuicao has an average rating of “Buy” and an average price target of $28.00.

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Companhia Brasileira de Distribuicao Profile

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

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