Cibc World Markets Corp Grows Position in The Campbell Soup Company (NASDAQ:CPB)

Cibc World Markets Corp lifted its holdings in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 14.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Franklin Resources Inc. grew its position in shares of Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock valued at $91,623,000 after acquiring an additional 1,792,005 shares during the period. Raymond James Trust N.A. raised its stake in shares of Campbell Soup by 43.8% in the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company's stock valued at $451,000 after buying an additional 2,809 shares during the period. Handelsbanken Fonder AB lifted its position in shares of Campbell Soup by 161.8% during the 4th quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company's stock valued at $7,801,000 after buying an additional 115,122 shares during the last quarter. ING Groep NV bought a new position in shares of Campbell Soup during the 4th quarter worth $1,062,000. Finally, Hussman Strategic Advisors Inc. increased its holdings in Campbell Soup by 133.3% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock worth $6,156,000 after acquiring an additional 84,000 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

CPB has been the subject of several recent research reports. Royal Bank of Canada reduced their target price on shares of Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, March 6th. Morgan Stanley started coverage on shares of Campbell Soup in a research note on Monday. They issued an "equal weight" rating and a $40.00 price objective for the company. Wells Fargo & Company dropped their target price on Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. DA Davidson reduced their price target on Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Jefferies Financial Group decreased their price objective on Campbell Soup from $42.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday, March 5th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $44.86.

Campbell Soup Price Performance

Shares of CPB stock traded up $0.13 during trading on Tuesday, hitting $38.18. The company had a trading volume of 2,710,981 shares, compared to its average volume of 3,431,763. The Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. 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 stock's 50-day moving average is $39.06 and its two-hundred day moving average is $43.32.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.74 billion. The company's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts predict that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given 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 4.09%. Campbell Soup's payout ratio is 90.17%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now directly owns 16,551 shares of the company's stock, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 20.19% of the stock is owned by insiders.

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.