Campbell Soup (NASDAQ:CPB) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 67.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,615 shares of the company's stock after selling 279,981 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Campbell Soup were worth $6,732,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CPB. M&G Plc bought a new position in shares of Campbell Soup in the 2nd quarter valued at about $469,000. Raymond James Trust N.A. lifted its stake in shares of Campbell Soup by 43.8% in the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company's stock valued at $451,000 after purchasing an additional 2,809 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Campbell Soup by 14.5% in the 2nd 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 period. MN Wealth Advisors LLC bought a new position in shares of Campbell Soup during the 3rd quarter valued at approximately $940,000. Finally, MBB Public Markets I LLC purchased a new stake in Campbell Soup during the 2nd quarter valued at $669,000. Institutional investors own 52.35% of the company's stock.

Campbell Soup Stock Up 0.1 %

Shares of CPB traded up $0.03 during mid-day trading on Monday, hitting $46.23. The company's stock had a trading volume of 2,316,766 shares, compared to its average volume of 2,516,188. 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 company's 50-day moving average is $46.80 and its 200-day moving average is $47.04. Campbell Soup has a 52-week low of $40.18 and a 52-week high of $52.81. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 2.66 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 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 during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. Campbell Soup's revenue was up 10.9% on a year-over-year basis. On average, equities research analysts forecast that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were issued a $0.37 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.20%. Campbell Soup's dividend payout ratio is presently 78.31%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Monday. Stifel Nicolaus reissued a "hold" rating and issued a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. Argus raised Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 target price on the stock in a research note on Friday, September 20th. Piper Sandler raised Campbell Soup from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Finally, DA Davidson cut 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $51.58.

About Campbell Soup

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.