M&T Bank Corp Has $2.09 Million Position in Campbell Soup (NASDAQ:CPB)

M&T Bank Corp raised its holdings in shares of Campbell Soup (NASDAQ:CPB) by 49.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 42,806 shares of the company’s stock after buying an additional 14,247 shares during the period. M&T Bank Corp’s holdings in Campbell Soup were worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPB. Blair William & Co. IL grew its position in shares of Campbell Soup by 0.5% in the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock valued at $1,982,000 after purchasing an additional 218 shares during the last quarter. Brown Lisle Cummings Inc. grew its holdings in Campbell Soup by 1.3% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock valued at $986,000 after buying an additional 254 shares in the last quarter. Diversified Trust Co increased its position in Campbell Soup by 0.3% during the 3rd quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock worth $4,297,000 after buying an additional 283 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Campbell Soup by 4.0% during the third quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock worth $369,000 after buying an additional 287 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Campbell Soup by 7.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock valued at $207,000 after acquiring an additional 290 shares during the period. 52.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CPB. Wells Fargo & Company dropped their price objective on shares of Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. TD Cowen lifted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, September 12th. Stephens restated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Stifel Nicolaus cut their target price 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. Finally, Sanford C. Bernstein upgraded Campbell Soup from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $55.00 to $58.00 in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Campbell Soup has a consensus rating of “Hold” and a consensus target price of $50.92.

Campbell Soup Price Performance

CPB stock opened at $42.99 on Friday. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 2.96 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. The company has a 50 day simple moving average of $45.74 and a 200 day simple moving average of $46.87. 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 declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.63%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, January 2nd. Campbell Soup’s dividend payout ratio is presently 80.87%.

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.