6,445 Shares in Campbell Soup (NASDAQ:CPB) Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario purchased a new stake in Campbell Soup (NASDAQ:CPB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 6,445 shares of the company’s stock, valued at approximately $315,000.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Campbell Soup in the second quarter valued at approximately $32,000. nVerses Capital LLC acquired a new stake in shares of Campbell Soup during the 3rd quarter worth approximately $34,000. Ashton Thomas Securities LLC acquired a new stake in shares of Campbell Soup during the 3rd quarter worth approximately $39,000. TruNorth Capital Management LLC acquired a new position in Campbell Soup during the second quarter valued at approximately $44,000. Finally, Rothschild Investment LLC bought a new stake in Campbell Soup during the second quarter worth $44,000. Institutional investors own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CPB. Stifel Nicolaus lowered their price target on Campbell Soup from $50.00 to $47.00 and set a “hold” rating for the company in a report on Thursday. DA Davidson reissued a “neutral” rating and set a $51.00 target price on shares of Campbell Soup in a research note on Wednesday, December 4th. Stephens restated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Citigroup dropped their price objective on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research note on Thursday. Finally, TD Cowen boosted their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Campbell Soup has an average rating of “Hold” and an average price target of $50.92.

Campbell Soup Stock Up 0.2 %

Campbell Soup stock opened at $42.73 on Monday. The firm has a 50 day moving average price of $46.22 and a two-hundred day moving average price of $46.96. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.22 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. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 2.45 and a beta of 0.18.

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 given a dividend of $0.39 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 3.65%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is 85.25%.

About Campbell Soup

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.