M&T Bank Corp lifted its position in Campbell Soup (NASDAQ:CPB - Free Report) by 49.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,806 shares of the company's stock after acquiring an additional 14,247 shares during the quarter. M&T Bank Corp's holdings in Campbell Soup were worth $2,094,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. grew its stake in Campbell Soup by 43.8% during the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company's stock valued at $451,000 after acquiring an additional 2,809 shares in the last quarter. FMR LLC boosted its holdings in shares of Campbell Soup by 34.2% during the third quarter. FMR LLC now owns 165,494 shares of the company's stock worth $8,096,000 after purchasing an additional 42,216 shares during the period. Centiva Capital LP purchased a new position in Campbell Soup during the third quarter valued at approximately $2,806,000. Dimensional Fund Advisors LP lifted its position in Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company's stock worth $129,971,000 after buying an additional 363,736 shares in the last quarter. Finally, MN Wealth Advisors LLC acquired a new stake in shares of Campbell Soup during the 3rd quarter valued at $940,000. Institutional investors and hedge funds own 52.35% of the company's stock.
NASDAQ:CPB opened at $42.99 on Friday. The firm has a market capitalization of $12.82 billion, a PE ratio of 23.49, a PEG ratio of 2.96 and a beta of 0.18. Campbell Soup has a 1 year low of $40.26 and a 1 year high of $52.81. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The firm's fifty day simple moving average is $45.74 and its 200 day simple moving average is $46.87.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a $0.39 dividend. This is an increase from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Thursday, January 2nd. Campbell Soup's dividend payout ratio (DPR) is currently 80.87%.
A number of equities analysts have recently weighed in on CPB shares. StockNews.com raised shares of Campbell Soup from a "sell" rating to a "hold" rating in a research note on Thursday, September 26th. TD Cowen upped their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a "hold" rating in a research report on Thursday, September 12th. Royal Bank of Canada reiterated a "sector perform" rating and set a $51.00 price target on shares of Campbell Soup in a report on Monday, December 2nd. Stephens restated an "overweight" rating on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, Citigroup reduced 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $50.92.
Get Our Latest Research Report on 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.
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