Mendel Money Management Invests $411,000 in Canadian Pacific Kansas City Limited (NYSE:CP)

Mendel Money Management purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,685 shares of the transportation company's stock, valued at approximately $411,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. FSA Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $34,000. Kestra Investment Management LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $33,000. Stonebridge Financial Group LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $34,000. YANKCOM Partnership purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $36,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded down $2.24 during midday trading on Friday, hitting $69.31. 4,274,392 shares of the company's stock were exchanged, compared to its average volume of 2,526,440. The business's fifty day moving average price is $76.45 and its two-hundred day moving average price is $77.48. The company has a market cap of $64.72 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.00 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12-month low of $69.28 and a 12-month high of $89.26.

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Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.76%. Canadian Pacific Kansas City's payout ratio is 17.93%.

Analysts Set New Price Targets

A number of research firms have issued reports on CP. Wolfe Research raised Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price for the company in a research report on Wednesday, January 8th. Stephens lifted their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Susquehanna dropped their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a report on Thursday. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Wednesday. Finally, Citigroup lifted their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus price target of $94.95.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.