Bank of Montreal Can Has $41.09 Million Stock Position in Campbell Soup (NASDAQ:CPB)

Bank of Montreal Can cut its holdings in Campbell Soup (NASDAQ:CPB) by 4.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 899,072 shares of the company’s stock after selling 43,725 shares during the period. Bank of Montreal Can owned approximately 0.30% of Campbell Soup worth $41,088,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of Campbell Soup by 1.9% during the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock worth $393,603,000 after purchasing an additional 161,392 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Campbell Soup by 21.2% during the first quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company’s stock worth $147,375,000 after purchasing an additional 580,411 shares during the period. Dimensional Fund Advisors LP boosted its position 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 worth $129,971,000 after acquiring an additional 363,736 shares in the last quarter. LSV Asset Management increased its stake in shares of Campbell Soup by 5,022.5% in the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after purchasing an additional 2,390,700 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Campbell Soup by 7.3% in the first quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company’s stock valued at $55,554,000 after acquiring an additional 85,099 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CPB shares. Barclays raised their price objective on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, September 12th. DA Davidson upped their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. JPMorgan Chase & Co. raised their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Finally, Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $49.69.

Campbell Soup Price Performance

CPB stock opened at $49.42 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. The company’s 50-day moving average is $49.42 and its 200-day moving average is $46.25. The stock has a market capitalization of $14.75 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.18. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $52.81.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. Equities research analysts expect that Campbell Soup will post 3.18 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 2.99%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

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.