Bank of Montreal Can Acquires 18,719 Shares of The Campbell Soup Company (NASDAQ:CPB)

Bank of Montreal Can increased its position in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,011,924 shares of the company's stock after acquiring an additional 18,719 shares during the period. Bank of Montreal Can owned about 0.34% of Campbell Soup worth $42,379,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC lifted its position in shares of Campbell Soup by 2.8% during the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock valued at $404,000 after buying an additional 262 shares in the last quarter. Principal Securities Inc. lifted its holdings in Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after purchasing an additional 290 shares in the last quarter. SPC Financial Inc. boosted its position in shares of Campbell Soup by 2.3% in the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock worth $569,000 after purchasing an additional 300 shares during the period. Ascent Wealth Partners LLC increased its stake in shares of Campbell Soup by 1.5% in the fourth quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock worth $845,000 after purchasing an additional 306 shares in the last quarter. Finally, HB Wealth Management LLC raised its position in shares of Campbell Soup by 4.3% during the 4th quarter. HB Wealth Management LLC now owns 7,718 shares of the company's stock valued at $323,000 after purchasing an additional 319 shares during the period. Hedge funds and other institutional investors own 52.35% of the company's stock.

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Campbell Soup Trading Down 0.1 %

NASDAQ:CPB traded down $0.04 during mid-day trading on Wednesday, hitting $37.68. 512,029 shares of the stock traded hands, compared to its average volume of 2,753,317. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The firm's 50 day moving average is $39.04 and its two-hundred day moving average is $41.93. The Campbell Soup Company has a 52 week low of $36.02 and a 52 week high of $52.81. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The company's revenue was up 9.3% on a year-over-year basis. On average, equities research analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.14%. Campbell Soup's dividend payout ratio is currently 90.17%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CPB. Stifel Nicolaus dropped their price objective on Campbell Soup from $47.00 to $40.00 and set a "hold" rating for the company in a research note on Friday, January 24th. BNP Paribas upgraded Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. Royal Bank of Canada reduced their price objective on shares of 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. Jefferies Financial Group dropped their target price on shares of Campbell Soup from $42.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday, March 5th. Finally, Morgan Stanley assumed coverage on shares of Campbell Soup in a report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 price target on the stock. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Campbell Soup currently has an average rating of "Hold" and an average price target of $44.86.

Insider Transactions at Campbell Soup

In related news, EVP Charles A. Brawley III sold 2,498 shares of Campbell Soup stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the sale, the executive vice president now directly owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 20.19% of the company's stock.

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.