Los Angeles Capital Management LLC Increases Holdings in Campbell Soup (NASDAQ:CPB)

Los Angeles Capital Management LLC grew its holdings in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 90.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,985 shares of the company's stock after buying an additional 40,864 shares during the period. Los Angeles Capital Management LLC's holdings in Campbell Soup were worth $4,206,000 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 bought and sold shares of CPB. LSV Asset Management grew its holdings in shares of Campbell Soup by 5,022.5% during the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company's stock worth $110,187,000 after purchasing an additional 2,390,700 shares in the last quarter. Wulff Hansen & CO. lifted its holdings in shares of Campbell Soup by 4,419.0% in the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company's stock valued at $33,103,000 after purchasing an additional 716,320 shares in the last quarter. Armistice Capital LLC increased its holdings in Campbell Soup by 94.0% in the 2nd quarter. Armistice Capital LLC now owns 1,067,914 shares of the company's stock worth $48,259,000 after acquiring an additional 517,550 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 purchasing an additional 363,736 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Campbell Soup by 262.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 417,596 shares of the company's stock worth $18,871,000 after purchasing an additional 302,371 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Price Performance

Shares of NASDAQ CPB traded up $0.03 during midday trading 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. Campbell Soup has a twelve month low of $39.65 and a twelve month high of $52.81. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The business has a 50-day simple moving average of $48.26 and a two-hundred day simple moving average of $47.08. The firm has a market capitalization 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 issued its quarterly earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the company earned $0.50 earnings per share. The company's quarterly revenue was up 10.9% compared to the same quarter last year. Equities research analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.34%. Campbell Soup's payout ratio is 78.31%.

Analysts Set New Price Targets

A number of research analysts recently commented on CPB shares. Sanford C. Bernstein upgraded Campbell Soup from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $55.00 to $58.00 in a report on Monday, October 7th. TD Cowen raised their target price on Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a research note on Thursday, September 12th. Wells Fargo & Company upped their price target on Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 11th. DA Davidson cut shares of Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 price objective for the company. in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $50.83.

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.