Amalgamated Bank trimmed its holdings in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 33.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,473 shares of the company's stock after selling 19,412 shares during the period. Amalgamated Bank's holdings in Campbell Soup were worth $1,882,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. M&G Plc purchased a new stake in shares of Campbell Soup in the second quarter valued at $469,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Campbell Soup during the 1st quarter worth about $672,000. Swedbank AB acquired a new stake in Campbell Soup during the 1st quarter worth about $11,405,000. Dimensional Fund Advisors LP boosted its position in Campbell Soup by 14.5% during the 2nd 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 during the period. Finally, MN Wealth Advisors LLC acquired a new stake in Campbell Soup during the 3rd quarter worth about $940,000. Institutional investors and hedge funds own 52.35% of the company's stock.
Campbell Soup Stock Performance
CPB traded up $0.03 on Wednesday, hitting $44.27. The company had a trading volume of 1,882,786 shares, compared to its average volume of 2,514,255. The company's fifty day moving average price is $48.26 and its 200 day moving average price is $47.08. Campbell Soup has a 1-year low of $39.65 and a 1-year high of $52.81. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 2.64 and a beta of 0.19.
Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. Equities analysts predict that Campbell Soup will post 3.2 earnings per share for the current fiscal year.
Campbell Soup Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.34%. The ex-dividend date was Thursday, October 3rd. Campbell Soup's dividend payout ratio is currently 78.31%.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Royal Bank of Canada raised their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a "sector perform" rating in a research report on Friday, September 13th. JPMorgan Chase & Co. raised their price objective on Campbell Soup from $55.00 to $57.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 11th. Wells Fargo & Company raised their price objective on Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 11th. Sanford C. Bernstein upgraded Campbell Soup from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $55.00 to $58.00 in a report on Monday, October 7th. Finally, Barclays lifted their price target on Campbell Soup from $45.00 to $49.00 and gave the company an "underweight" rating in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup presently has a consensus rating of "Hold" and an average price target of $50.83.
View Our Latest Report on Campbell Soup
About Campbell Soup
(
Free Report)
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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