National Bank of Canada FI Has $5.02 Million Position in Campbell Soup (NASDAQ:CPB)

National Bank of Canada FI lifted its holdings in shares of Campbell Soup (NASDAQ:CPB) by 75.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State Street Corp increased its holdings in Campbell Soup by 3.1% during the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after buying an additional 298,203 shares during the last quarter. Van ECK Associates Corp increased its stake 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 during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Campbell Soup by 14.5% in 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. LSV Asset Management lifted its stake 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 valued at $110,187,000 after purchasing an additional 2,390,700 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Campbell Soup by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company’s stock worth $86,375,000 after purchasing an additional 12,822 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price objective on Campbell Soup from $50.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, December 5th. DA Davidson reaffirmed a “neutral” rating and set a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Citigroup cut their target price 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, December 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Campbell Soup currently has a consensus rating of “Hold” and an average target price of $50.92.

Campbell Soup Trading Down 0.2 %

Shares of NASDAQ:CPB opened at $42.92 on Friday. The business’s 50 day simple moving average is $45.83 and its 200 day simple moving average is $46.87. The company has a market capitalization of $12.79 billion, a P/E ratio of 23.45, a P/E/G ratio of 2.94 and a beta of 0.18. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. Campbell Soup has a 1 year low of $40.26 and a 1 year high of $52.81.

Campbell Soup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be given a dividend of $0.39 per share. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 annualized dividend and a yield of 3.63%. Campbell Soup’s dividend payout ratio is currently 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.