BNP Paribas Financial Markets Purchases 47,105 Shares of Campbell Soup (NASDAQ:CPB)

BNP Paribas Financial Markets boosted its holdings in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 16.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 332,855 shares of the company's stock after purchasing an additional 47,105 shares during the period. BNP Paribas Financial Markets owned about 0.11% of Campbell Soup worth $16,283,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in shares of Campbell Soup by 11.3% during the 1st quarter. Janus Henderson Group PLC now owns 90,699 shares of the company's stock worth $4,031,000 after acquiring an additional 9,237 shares during the period. Tidal Investments LLC grew its holdings in shares of Campbell Soup by 12.8% during the 1st quarter. Tidal Investments LLC now owns 18,505 shares of the company's stock worth $822,000 after acquiring an additional 2,096 shares during the period. Cetera Advisors LLC grew its holdings in shares of Campbell Soup by 7.3% during the 1st quarter. Cetera Advisors LLC now owns 13,120 shares of the company's stock worth $583,000 after acquiring an additional 887 shares during the period. GAMMA Investing LLC grew its holdings in shares of Campbell Soup by 117.7% during the 2nd quarter. GAMMA Investing LLC now owns 9,752 shares of the company's stock worth $441,000 after acquiring an additional 5,273 shares during the period. Finally, DNB Asset Management AS grew its holdings in shares of Campbell Soup by 19.6% during the 2nd quarter. DNB Asset Management AS now owns 41,354 shares of the company's stock worth $1,869,000 after acquiring an additional 6,782 shares during the period. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell Soup Stock Up 0.3 %

CPB stock traded up $0.13 during midday trading on Friday, hitting $46.20. The company's stock had a trading volume of 1,066,972 shares, compared to its average volume of 2,252,618. The company has a market cap of $13.75 billion, a PE ratio of 24.44, a P/E/G ratio of 2.66 and a beta of 0.19. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The firm's 50-day moving average is $46.80 and its 200-day moving average is $47.03. Campbell Soup has a 12 month low of $39.65 and a 12 month high of $52.81.

Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.01. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS. On average, equities research analysts forecast that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. Campbell Soup's dividend payout ratio (DPR) is 78.31%.

Analysts Set New Price Targets

A number of research analysts have weighed in on CPB shares. Royal Bank of Canada upped their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a "sector perform" rating in a report on Friday, September 13th. DA Davidson cut Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 price target on the stock. in a research report on Friday, September 27th. Stifel Nicolaus reissued a "hold" rating and issued a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. Piper Sandler raised Campbell Soup from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Finally, Sanford C. Bernstein raised Campbell Soup from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $55.00 to $58.00 in a research report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $51.58.

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.