Fisher Asset Management LLC Sells 15,701 Shares of Campbell Soup (NASDAQ:CPB)

Fisher Asset Management LLC reduced its position in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 15.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,931 shares of the company's stock after selling 15,701 shares during the period. Fisher Asset Management LLC's holdings in Campbell Soup were worth $4,057,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. M&G Plc bought a new stake in Campbell Soup during the 2nd quarter worth about $469,000. Raymond James Trust N.A. increased its position in shares of Campbell Soup by 43.8% in the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company's stock valued at $451,000 after acquiring an additional 2,809 shares during the last quarter. Swedbank AB bought a new stake in Campbell Soup during the first quarter worth about $11,405,000. Dimensional Fund Advisors LP boosted its position 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 valued at $129,971,000 after purchasing an additional 363,736 shares during the last quarter. Finally, MN Wealth Advisors LLC bought a new position in Campbell Soup in the third quarter valued at approximately $940,000. 52.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CPB has been the subject of several recent analyst reports. TD Cowen increased their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a report on Thursday, September 12th. Wells Fargo & Company boosted their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 11th. Royal Bank of Canada lifted their price target 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 objective for the company. in a research report on Friday, September 27th. Finally, Argus raised shares of Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price objective for the company in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given 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 Price Performance

CPB traded up $0.13 on Friday, hitting $46.20. 1,066,972 shares of the stock were exchanged, compared to its average volume of 2,517,052. The business has a 50-day moving average of $46.90 and a two-hundred day moving average of $47.03. The firm has a market capitalization of $13.75 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.65 and a beta of 0.19. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. 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 released its 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 firm had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.31 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The company's quarterly revenue was up 10.9% on a year-over-year basis. Sell-side analysts forecast that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

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

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.