The Campbell Soup Company (NASDAQ:CPB) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp raised its holdings in The Campbell Soup Company (NASDAQ:CPB) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,898 shares of the company’s stock after buying an additional 9,937 shares during the period. Cibc World Markets Corp’s holdings in Campbell Soup were worth $3,220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CPB. Franklin Resources Inc. increased its position in shares of Campbell Soup by 1,593.8% during the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after purchasing an additional 1,792,005 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of Campbell Soup by 43.8% during the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock worth $451,000 after purchasing an additional 2,809 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Campbell Soup by 161.8% during the fourth quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company’s stock worth $7,801,000 after purchasing an additional 115,122 shares in the last quarter. ING Groep NV acquired a new stake in shares of Campbell Soup during the fourth quarter worth about $1,062,000. Finally, Hussman Strategic Advisors Inc. increased its position in shares of Campbell Soup by 133.3% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock worth $6,156,000 after purchasing an additional 84,000 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 20.19% of the company’s stock.

Campbell Soup Stock Performance

NASDAQ CPB opened at $37.98 on Friday. 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 business’s 50 day moving average is $39.07 and its two-hundred day moving average is $43.61. The Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business’s revenue was up 9.3% compared to the same quarter last year. Research analysts expect that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is currently 90.17%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Stifel Nicolaus cut their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Stephens reissued an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Barclays dropped their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Royal Bank of Canada dropped their price target on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut Campbell Soup from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $45.23.

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.