Banque Cantonale Vaudoise Sells 12,170 Shares of Campbell Soup (NASDAQ:CPB)

Banque Cantonale Vaudoise lessened its position in Campbell Soup (NASDAQ:CPB - Free Report) by 21.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,111 shares of the company's stock after selling 12,170 shares during the quarter. Banque Cantonale Vaudoise's holdings in Campbell Soup were worth $2,158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blair William & Co. IL boosted its position in shares of Campbell Soup by 0.5% in the second quarter. Blair William & Co. IL now owns 43,869 shares of the company's stock valued at $1,982,000 after acquiring an additional 218 shares during the period. Brown Lisle Cummings Inc. raised its holdings in Campbell Soup by 1.3% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company's stock valued at $986,000 after acquiring an additional 254 shares in the last quarter. Diversified Trust Co lifted its position in shares of Campbell Soup by 0.3% in the 3rd quarter. Diversified Trust Co now owns 87,845 shares of the company's stock worth $4,297,000 after acquiring an additional 283 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of Campbell Soup by 4.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company's stock worth $369,000 after purchasing an additional 287 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Campbell Soup by 7.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company's stock valued at $207,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell Soup Stock Performance

Campbell Soup stock opened at $43.81 on Thursday. The company has a market cap of $13.04 billion, a PE ratio of 23.18, a PEG ratio of 2.59 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. Campbell Soup has a 1 year low of $39.65 and a 1 year high of $52.81. The company's 50-day moving average is $47.52 and its two-hundred day moving average is $47.02.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $2.29 billion for 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 firm's revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.50 EPS. Equities analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.38%. Campbell Soup's dividend payout ratio (DPR) is presently 78.31%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CPB shares. DA Davidson cut shares of Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 target price for the company. in a research report on Friday, September 27th. Sanford C. Bernstein raised Campbell Soup from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $55.00 to $58.00 in a report on Monday, October 7th. Piper Sandler raised Campbell Soup from a "neutral" rating to an "overweight" rating and raised their price target for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Barclays boosted their price objective on Campbell Soup from $45.00 to $49.00 and gave the stock an "underweight" rating in a research note on Thursday, September 12th. Finally, TD Cowen lifted their price target on Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a report on Thursday, September 12th. 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 company. Based on data from MarketBeat, Campbell Soup currently has a consensus rating of "Hold" and a consensus target price of $51.58.

Campbell Soup Company 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.