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

M&T Bank Corp increased its stake in shares of Campbell Soup (NASDAQ:CPB) by 49.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,806 shares of the company’s stock after purchasing 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 SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its holdings in Campbell Soup by 3.1% in the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after purchasing an additional 298,203 shares during the period. Van ECK Associates Corp raised its stake in 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 buying an additional 161,392 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Campbell Soup by 14.5% during the second 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 grew its stake in Campbell Soup by 5,022.5% in the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after acquiring an additional 2,390,700 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Campbell Soup by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company’s stock worth $86,375,000 after acquiring an additional 12,822 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Wells Fargo & Company cut their price objective on shares of Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. DA Davidson reiterated a “neutral” rating and set a $51.00 target price on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. boosted their price target on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Campbell Soup has an average rating of “Hold” and a consensus price target of $50.92.

Campbell Soup Trading Up 0.2 %

NASDAQ CPB opened at $42.99 on Friday. The company has a market cap 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 12 month low of $40.26 and a 12 month high of $52.81. The stock has a 50 day moving average of $45.74 and a 200-day moving average of $46.87. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

Campbell Soup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.63%. Campbell Soup’s payout ratio is currently 80.87%.

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.