Wells Fargo & Company MN Buys 4,442 Shares of Companhia Brasileira de Distribuicao (CBD)

Wells Fargo & Company MN grew its stake in Companhia Brasileira de Distribuicao (NYSE:CBD) by 1,184.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,817 shares of the company’s stock after acquiring an additional 4,442 shares during the quarter. Wells Fargo & Company MN’s holdings in Companhia Brasileira de Distribuicao were worth $114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CBD. JPMorgan Chase & Co. acquired a new stake in shares of Companhia Brasileira de Distribuicao in the 2nd quarter worth $204,000. Comerica Bank acquired a new stake in shares of Companhia Brasileira de Distribuicao in the 3rd quarter worth $209,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Companhia Brasileira de Distribuicao in the 2nd quarter worth $231,000. World Asset Management Inc acquired a new stake in shares of Companhia Brasileira de Distribuicao in the 3rd quarter worth $231,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Companhia Brasileira de Distribuicao in the 3rd quarter worth $250,000. 3.29% of the stock is owned by institutional investors and hedge funds.

Shares of Companhia Brasileira de Distribuicao (NYSE CBD) opened at $20.63 on Friday. 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 stock has a market capitalization of $5,585.27, a PE ratio of 22.80, a P/E/G ratio of 0.91 and a beta of 1.75. Companhia Brasileira de Distribuicao has a 52-week low of $16.93 and a 52-week high of $25.90.

A number of brokerages have issued reports on CBD. UBS Group raised Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 21st. Zacks Investment Research downgraded Companhia Brasileira de Distribuicao from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Finally, Credit Suisse Group raised Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.00.

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Companhia Brasileira de Distribuicao Company 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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