Mackenzie Financial Corp Has $1.28 Million Holdings in Campbell Soup (NYSE:CPB)

Mackenzie Financial Corp lessened its position in Campbell Soup (NYSE:CPB) by 43.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 29,585 shares of the company’s stock after selling 22,557 shares during the period. Mackenzie Financial Corp’s holdings in Campbell Soup were worth $1,279,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. grew its stake in Campbell Soup by 19.6% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 23,982 shares of the company’s stock valued at $1,037,000 after acquiring an additional 3,935 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Campbell Soup by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 670,468 shares of the company’s stock valued at $28,984,000 after acquiring an additional 51,819 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Campbell Soup in the fourth quarter valued at approximately $514,000. Perigon Wealth Management LLC boosted its position in shares of Campbell Soup by 10.4% during the fourth quarter. Perigon Wealth Management LLC now owns 12,145 shares of the company’s stock valued at $525,000 after buying an additional 1,145 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in shares of Campbell Soup by 48.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 10,746 shares of the company’s stock valued at $465,000 after buying an additional 3,483 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Evercore ISI assumed coverage on Campbell Soup in a research report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 target price on the stock. DA Davidson started coverage on Campbell Soup in a research report on Friday, March 1st. They set a “buy” rating and a $48.00 target price on the stock. TheStreet upgraded Campbell Soup from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a report on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $46.38.

Campbell Soup Stock Up 1.3 %

Shares of NYSE CPB opened at $45.55 on Thursday. Campbell Soup has a one year low of $37.94 and a one year high of $55.14. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 0.43. The business’s fifty day moving average price is $43.09 and its 200-day moving average price is $42.48. The stock has a market capitalization of $13.58 billion, a PE ratio of 17.79, a P/E/G ratio of 2.95 and a beta of 0.24.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 EPS. On average, equities research analysts anticipate that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. Campbell Soup’s dividend payout ratio (DPR) is 57.81%.

Campbell Soup Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.