National Bank of Canada FI Increases Stock Holdings in Campbell Soup (NASDAQ:CPB)

National Bank of Canada FI grew its position in Campbell Soup (NASDAQ:CPB - Free Report) by 75.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 102,520 shares of the company's stock after buying an additional 44,107 shares during the period. National Bank of Canada FI's holdings in Campbell Soup were worth $5,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CPB. LSV Asset Management grew its position in Campbell Soup by 5,022.5% in the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company's stock worth $110,187,000 after purchasing an additional 2,390,700 shares during the period. Wulff Hansen & CO. grew its holdings in shares of Campbell Soup by 4,419.0% in the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company's stock worth $33,103,000 after acquiring an additional 716,320 shares during the period. Victory Capital Management Inc. increased its position in Campbell Soup by 88.2% during the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company's stock valued at $58,342,000 after acquiring an additional 558,944 shares during the last quarter. Armistice Capital LLC lifted its holdings in Campbell Soup by 94.0% in the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company's stock valued at $48,259,000 after acquiring an additional 517,550 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company's stock valued at $129,971,000 after purchasing an additional 363,736 shares during the period. Institutional investors own 52.35% of the company's stock.

Campbell Soup Price Performance

Shares of CPB traded up $0.07 during midday trading on Friday, hitting $42.99. 2,372,458 shares of the company traded hands, compared to its average volume of 2,552,853. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.96 and a beta of 0.18. The firm has a 50 day moving average of $45.83 and a 200-day moving average of $46.87. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a 52 week low of $40.26 and a 52 week high of $52.81.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from Campbell Soup's previous quarterly dividend of $0.37. Campbell Soup's dividend payout ratio (DPR) is currently 80.87%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a research report on Wednesday, September 11th. Argus upgraded Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price objective for the company in a research note on Friday, September 20th. Sanford C. Bernstein upgraded Campbell Soup from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $55.00 to $58.00 in a research report on Monday, October 7th. StockNews.com upgraded Campbell Soup from a "sell" rating to a "hold" rating in a research report on Thursday, September 26th. Finally, TD Cowen lifted their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Campbell Soup has a consensus rating of "Hold" and a consensus target price of $50.92.

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.