Citigroup Inc. reduced its stake in Companhia Brasileira de Distribuição (NYSE:CBD) by 31.8% during the 3rd quarter, Holdings Channel reports. The fund owned 19,885 shares of the company’s stock after selling 9,291 shares during the quarter. Citigroup Inc.’s holdings in Companhia Brasileira de Distribuição were worth $93,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CBD. Amundi Pioneer Asset Management Inc. raised its stake in shares of Companhia Brasileira de Distribuição by 1.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 342,150 shares of the company’s stock valued at $7,966,000 after acquiring an additional 5,300 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Companhia Brasileira de Distribuição by 943.0% in the second quarter. Stifel Financial Corp now owns 281,880 shares of the company’s stock valued at $2,196,000 after acquiring an additional 254,853 shares in the last quarter. State Street Corp raised its stake in shares of Companhia Brasileira de Distribuição by 47.8% in the second quarter. State Street Corp now owns 411,575 shares of the company’s stock valued at $3,206,000 after acquiring an additional 133,200 shares in the last quarter. Credit Suisse AG acquired a new stake in Companhia Brasileira de Distribuição in the second quarter valued at $1,315,000. Finally, Amundi acquired a new stake in Companhia Brasileira de Distribuição in the second quarter valued at $3,779,000. Institutional investors and hedge funds own 4.35% of the company’s stock.
Companhia Brasileira de Distribuição stock opened at $4.12 on Tuesday. Companhia Brasileira de Distribuição has a 1-year low of $3.37 and a 1-year high of $8.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.54. The stock has a market cap of $1.11 billion, a PE ratio of 2.86, a P/E/G ratio of 0.41 and a beta of 0.87. The stock’s fifty day moving average is $3.93 and its two-hundred day moving average is $4.52.
Companhia Brasileira de Distribuição Company Profile
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, and other products through its chain of hypermarkets and supermarkets. It operates though the Food Retail, and Cash and Carry segments. The Food Retail segment sells food and non-food products to individual consumers.
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