Bank of Montreal Can Grows Position in Campbell Soup (NASDAQ:CPB)

Bank of Montreal Can lifted its holdings in shares of Campbell Soup (NASDAQ:CPB) by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 993,205 shares of the company’s stock after buying an additional 94,133 shares during the period. Bank of Montreal Can owned approximately 0.33% of Campbell Soup worth $49,025,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in shares of Campbell Soup during the third quarter valued at $34,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Campbell Soup during the second quarter valued at $32,000. Ashton Thomas Securities LLC purchased a new stake in shares of Campbell Soup during the third quarter valued at $39,000. TruNorth Capital Management LLC purchased a new stake in shares of Campbell Soup during the second quarter valued at $44,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Campbell Soup during the second quarter valued at $44,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on CPB shares. DA Davidson cut Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research report on Friday, September 27th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 target price on shares of Campbell Soup in a research report on Tuesday, August 27th. StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. raised their target price on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada raised their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Campbell Soup has a consensus rating of “Hold” and an average target price of $51.58.

Campbell Soup Stock Down 1.1 %

CPB stock opened at $46.07 on Thursday. Campbell Soup has a twelve month low of $39.65 and a twelve month high of $52.81. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The stock has a market cap of $13.71 billion, a P/E ratio of 24.38, a PEG ratio of 2.64 and a beta of 0.19. The business’s 50-day moving average price is $47.09 and its 200-day moving average price is $47.04.

Campbell Soup (NASDAQ:CPB) last issued its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $0.50 EPS. On average, equities research analysts forecast that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 78.31%.

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.