Companhia Brasileira de Distribuição (NYSE:CBD) Update on StockNews.com

Companhia Brasileira de Distribuição (NYSE: CBD – Get a rating) was updated by stock analysts to StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Separately, JPMorgan Chase & Co. downgraded shares of Companhia Brasileira de Distribuição from an “overweight” rating to a “neutral” rating in a Monday, July 25 research report.

Price performance of the Companhia Brasileira de Distribuição

Shares of CBD rose $0.08 during Monday trading hours, hitting $4.08. The stock recorded a trading volume of 638,431 shares, against an average volume of 995,195. The stock’s fifty-day simple moving average is $3.54 and its 200-day simple moving average is 4.01 $. The company has a debt ratio of 0.34, a current ratio of 1.06 and a quick ratio of 0.69. Companhia Brasileira de Distribuição has a 12-month low of $2.73 and a 12-month high of $6.02.

Institutional trade of Companhia Brasileira de Distribuição

A number of hedge funds have recently changed their holdings in the company. Millennium Management LLC increased its stake in Companhia Brasileira de Distribuição by 59.3% during the 2nd quarter. Millennium Management LLC now owns 1,414,300 shares of the company valued at $4,384,000 after acquiring an additional 526,393 shares during the period. UBS Group AG increased its stake in Companhia Brasileira de Distribuição by 123.2% in the second quarter. UBS Group AG now owns 1,110,950 shares of the company worth $3,444,000 after acquiring an additional 613,315 shares last quarter. Bank of America Corp DE increased its stake in Companhia Brasileira de Distribuição by 2,166.0% in the 1st quarter. Bank of America Corp DE now owns 1,032,896 shares of the company worth $5,205,000 after purchasing an additional 987,314 shares during the period. Renaissance Technologies LLC increased its stake in Companhia Brasileira de Distribuição by 199.9% in the 1st quarter. Renaissance Technologies LLC now owns 725,500 shares of the company worth $3,657,000 after purchasing an additional 483,600 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in shares of Companhia Brasileira de Distribuição by 34.4% during the 4th quarter. Qube Research & Technologies Ltd now owns 453,525 shares in the company valued at $1,810,000 after acquiring an additional 116,146 shares in the last quarter. Institutional investors hold 5.22% of the company’s shares.

Company Profile Companhia Brasileira de Distribuição

(Get a rating)

Companhia Brasileira de Distribuição is engaged in the retail sale of food, clothing, household appliances, electronics and other products through its chain of supermarkets, specialty stores and department stores in Brazil. It operates in the Brazilian Retail, Grupo Éxito and Other Business segments. The company sells non-perishable food, beverages, fruits, vegetables, meat, bread, deli meats, dairy products, cleaning products, disposables and personal care products; and household appliances and other non-food items, such as baby clothes and items, shoes and accessories, housewares, books, magazines, CDs and DVDs, stationery, toys, sports and camping equipment, furniture, cell phones, mattresses, pet products, and gardening equipment and tools, and electronic products, including personal computers, software, computer accessories, and sound and image systems.

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