The Campbell Soup Company (NASDAQ:CPB) Stock Position Lifted by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in The Campbell Soup Company (NASDAQ:CPB) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,426 shares of the company’s stock after acquiring an additional 939 shares during the quarter. CIBC Asset Management Inc’s holdings in Campbell Soup were worth $1,567,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CPB. Ashton Thomas Securities LLC acquired a new position in Campbell Soup in the third quarter worth $39,000. Principal Securities Inc. raised its holdings in shares of Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after purchasing an additional 290 shares during the period. Kentucky Trust Co bought a new position in shares of Campbell Soup in the 4th quarter worth about $42,000. Quent Capital LLC lifted its position in shares of Campbell Soup by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after buying an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Campbell Soup during the 4th quarter valued at about $47,000. 52.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CPB shares. Stephens reissued an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Royal Bank of Canada restated a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Monday, December 2nd. Citigroup dropped their target price on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Wells Fargo & Company reduced their price target on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Barclays dropped their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.17.

Campbell Soup Stock Up 3.2 %

CPB stock opened at $40.59 on Friday. The firm’s 50-day moving average is $39.65 and its two-hundred day moving average is $44.90. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 2.66 and a beta of 0.19. The Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. On average, analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a dividend of $0.39 per share. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Thursday, January 2nd. Campbell Soup’s payout ratio is presently 85.25%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 20.19% of the stock is owned by company insiders.

Campbell Soup Company 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.