Campbell Soup Company (CPB) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Campbell Soup Company (CPB) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in Campbell Soup Company (NYSE:CPB) by 30.3% during the third quarter, Holdings Channel reports. The firm owned 129,575 shares of the company’s stock after buying an additional 30,150 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Campbell Soup Company were worth $7,088,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CPB. Quantbot Technologies LP increased its stake in Campbell Soup Company by 434.9% in the second quarter. Quantbot Technologies LP now owns 57,285 shares of the company’s stock worth $3,811,000 after buying an additional 46,575 shares during the period. Courier Capital Corp increased its stake in Campbell Soup Company by 50.6% in the second quarter. Courier Capital Corp now owns 8,008 shares of the company’s stock worth $533,000 after buying an additional 2,691 shares during the period. McKinley Carter Wealth Services Inc. increased its stake in Campbell Soup Company by 61.7% in the second quarter. McKinley Carter Wealth Services Inc. now owns 23,918 shares of the company’s stock worth $1,591,000 after buying an additional 9,128 shares during the period. Bank of New York Mellon Corp increased its stake in Campbell Soup Company by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 4,336,099 shares of the company’s stock worth $288,480,000 after buying an additional 16,796 shares during the period. Finally, BB&T Corp increased its stake in Campbell Soup Company by 180.6% in the second quarter. BB&T Corp now owns 111,613 shares of the company’s stock worth $7,425,000 after buying an additional 71,837 shares during the period. 43.26% of the stock is owned by institutional investors and hedge funds.

Shares of Campbell Soup Company (NYSE:CPB) traded up 1.01% during mid-day trading on Tuesday, reaching $63.23. 1,150,766 shares of the company’s stock traded hands. The company has a market cap of $19.41 billion, a P/E ratio of 29.71 and a beta of 0.46. Campbell Soup Company has a 12-month low of $52.59 and a 12-month high of $67.89. The company’s 50 day moving average is $61.62 and its 200 day moving average is $58.13.

Campbell Soup Company (NYSE:CPB) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.05. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. On average, analysts predict that Campbell Soup Company will post $3.08 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 30th. Stockholders of record on Wednesday, January 11th were paid a $0.35 dividend. The ex-dividend date was Monday, January 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.21%. Campbell Soup Company’s payout ratio is currently 66.04%.

A number of research firms have commented on CPB. Stifel Nicolaus lifted their target price on shares of Campbell Soup Company from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, January 23rd. Zacks Investment Research raised shares of Campbell Soup Company from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Tuesday, January 10th. RBC Capital Markets reissued a “sector perform” rating and set a $60.00 price objective (up previously from $58.00) on shares of Campbell Soup Company in a research report on Monday, November 28th. Royal Bank Of Canada boosted their price objective on shares of Campbell Soup Company from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Monday, November 28th. Finally, Credit Suisse Group set a $55.00 price objective on shares of Campbell Soup Company and gave the company an “underperform” rating in a research report on Wednesday, November 23rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $60.75.

In related news, insider Carlos Barroso sold 9,130 shares of the firm’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $60.92, for a total transaction of $556,199.60. Following the sale, the insider now owns 43,904 shares in the company, valued at $2,674,631.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 37.30% of the stock is owned by corporate insiders.

About Campbell Soup Company

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

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