Charles Schwab Investment Management Inc. Raises Stake in Campbell Soup (NASDAQ:CPB)

Charles Schwab Investment Management Inc. raised its position in Campbell Soup (NASDAQ:CPB - Free Report) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,765,632 shares of the company's stock after purchasing an additional 12,822 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.59% of Campbell Soup worth $86,375,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in shares of Campbell Soup by 11.3% during the first quarter. Janus Henderson Group PLC now owns 90,699 shares of the company's stock valued at $4,031,000 after purchasing an additional 9,237 shares during the period. Tidal Investments LLC boosted its position in Campbell Soup by 12.8% in the 1st quarter. Tidal Investments LLC now owns 18,505 shares of the company's stock valued at $822,000 after buying an additional 2,096 shares during the period. LRI Investments LLC bought a new position in Campbell Soup in the 1st quarter worth about $83,000. Swedbank AB purchased a new position in shares of Campbell Soup during the first quarter worth approximately $11,405,000. Finally, Cetera Advisors LLC raised its stake in shares of Campbell Soup by 7.3% during the first quarter. Cetera Advisors LLC now owns 13,120 shares of the company's stock valued at $583,000 after acquiring an additional 887 shares in the last quarter. Institutional investors own 52.35% of the company's stock.

Campbell Soup Stock Down 1.1 %

Shares of CPB stock traded down $0.53 during trading hours on Thursday, reaching $46.07. 1,894,954 shares of the company's stock were exchanged, compared to its average volume of 2,523,356. 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 has a market cap of $13.71 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 2.64 and a beta of 0.19. Campbell Soup has a fifty-two week low of $39.65 and a fifty-two week high of $52.81. The stock's 50 day moving average is $46.99 and its 200-day moving average is $47.03.

Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its quarterly 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. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company earned $0.50 earnings per share. The company's quarterly revenue was up 10.9% on a year-over-year basis. Analysts predict that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup's dividend payout ratio is presently 78.31%.

Wall Street Analyst Weigh In

Several research firms have commented on CPB. TD Cowen raised their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a "hold" rating in a report on Thursday, September 12th. Royal Bank of Canada lifted their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a "sector perform" rating in a report on Friday, September 13th. DA Davidson lowered shares of Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 price objective for the company. in a research note on Friday, September 27th. Sanford C. Bernstein raised shares of Campbell Soup from a "market perform" rating to an "outperform" rating and raised their target price for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Finally, Wells Fargo & Company upped their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.