Campbell Soup (NASDAQ:CPB) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its stake in shares of Campbell Soup (NASDAQ:CPB) by 32.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,474 shares of the company’s stock after purchasing an additional 33,275 shares during the quarter. Toronto Dominion Bank’s holdings in Campbell Soup were worth $6,627,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brookstone Capital Management increased its stake in shares of Campbell Soup by 15.3% during the second quarter. Brookstone Capital Management now owns 23,955 shares of the company’s stock worth $1,143,000 after buying an additional 3,174 shares during the period. Raymond James & Associates grew its holdings in Campbell Soup by 30.5% during the 2nd quarter. Raymond James & Associates now owns 468,002 shares of the company’s stock worth $21,149,000 after acquiring an additional 109,408 shares in the last quarter. Washington Capital Management Inc. increased its position in shares of Campbell Soup by 1.9% in the 2nd quarter. Washington Capital Management Inc. now owns 24,795 shares of the company’s stock valued at $1,120,000 after purchasing an additional 460 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Campbell Soup in the 2nd quarter valued at $1,144,000. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Campbell Soup during the 2nd quarter worth $142,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CPB shares. TD Cowen increased their target price on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, September 12th. DA Davidson reiterated a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a report on Wednesday, December 4th. Stifel Nicolaus decreased their target price on Campbell Soup from $50.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, December 5th. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price target for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.92.

Campbell Soup Stock Up 0.2 %

Shares of NASDAQ:CPB opened at $42.99 on Friday. Campbell Soup has a 1-year low of $40.26 and a 1-year high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock has a market cap of $12.82 billion, a P/E ratio of 23.49, a P/E/G ratio of 2.96 and a beta of 0.18. The firm has a fifty day moving average price of $45.74 and a 200 day moving average price of $46.87.

Campbell Soup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 3.63%. Campbell Soup’s dividend payout ratio is 80.87%.

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.