Campbell Soup (NYSE:CPB) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp decreased its position in shares of Campbell Soup (NYSE:CPBFree Report) by 47.3% during the 4th quarter, HoldingsChannel reports. The fund owned 25,214 shares of the company’s stock after selling 22,639 shares during the quarter. Cibc World Markets Corp’s holdings in Campbell Soup were worth $1,090,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in Campbell Soup by 97.2% in the 4th quarter. Van ECK Associates Corp now owns 7,329,256 shares of the company’s stock valued at $316,844,000 after purchasing an additional 3,613,495 shares during the last quarter. Invesco Ltd. lifted its holdings in Campbell Soup by 6.8% in the third quarter. Invesco Ltd. now owns 5,035,674 shares of the company’s stock valued at $206,865,000 after acquiring an additional 318,983 shares during the last quarter. Norges Bank purchased a new position in Campbell Soup in the fourth quarter worth approximately $125,689,000. Northern Trust Corp increased its stake in Campbell Soup by 4.7% during the third quarter. Northern Trust Corp now owns 2,845,931 shares of the company’s stock worth $116,911,000 after acquiring an additional 127,574 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Campbell Soup by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,688,669 shares of the company’s stock valued at $73,001,000 after purchasing an additional 49,663 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CPB. Sanford C. Bernstein upgraded Campbell Soup from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $42.00 to $46.00 in a research report on Wednesday, May 15th. Evercore ISI began coverage on Campbell Soup in a research report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Friday. Wells Fargo & Company lifted their target price on Campbell Soup from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, DA Davidson lifted their target price on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $46.31.

Get Our Latest Report on CPB

Campbell Soup Trading Down 0.9 %

NYSE:CPB opened at $42.46 on Tuesday. The stock has a market cap of $12.68 billion, a P/E ratio of 17.19, a P/E/G ratio of 2.65 and a beta of 0.19. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.24 and a current ratio of 0.62. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $46.97. The stock has a 50-day simple moving average of $44.62 and a 200-day simple moving average of $43.62.

Campbell Soup (NYSE:CPBGet Free Report) last announced its earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. As a group, analysts anticipate that Campbell Soup will post 3.08 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Wednesday, July 3rd will be given a $0.37 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.49%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

About Campbell Soup

(Free Report)

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.

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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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