Fmr LLC Grows Stake in Campbell Soup (NASDAQ:CPB)

FMR LLC increased its holdings in Campbell Soup (NASDAQ:CPB - Free Report) by 34.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,494 shares of the company's stock after buying an additional 42,216 shares during the period. FMR LLC owned about 0.06% of Campbell Soup worth $8,096,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. M&G Plc purchased a new position in Campbell Soup during the second quarter worth $469,000. Raymond James Trust N.A. boosted its stake in shares of Campbell Soup by 43.8% during 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. Dimensional Fund Advisors LP increased its position in Campbell Soup by 14.5% during 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 in the last quarter. MN Wealth Advisors LLC acquired a new position in Campbell Soup in the 3rd quarter valued at about $940,000. Finally, MBB Public Markets I LLC purchased a new position in Campbell Soup in the 2nd quarter valued at about $669,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CPB. DA Davidson reiterated a "neutral" rating and set a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Barclays decreased their target price on shares of Campbell Soup from $49.00 to $46.00 and set an "underweight" rating on the stock in a research report on Friday, December 6th. Sanford C. Bernstein upgraded Campbell Soup from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $55.00 to $58.00 in a report on Monday, October 7th. JPMorgan Chase & Co. increased their price target on Campbell Soup from $55.00 to $57.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 11th. Finally, StockNews.com raised Campbell Soup from a "sell" rating to a "hold" rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $50.92.

Campbell Soup Trading Down 0.2 %

Shares of Campbell Soup stock traded down $0.08 during trading hours on Thursday, reaching $42.92. The stock had a trading volume of 3,101,572 shares, compared to its average volume of 2,557,036. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 2.94 and a beta of 0.18. Campbell Soup has a 1 year low of $40.26 and a 1 year high of $52.81. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The firm has a 50 day simple moving average of $45.91 and a two-hundred day simple moving average of $46.90.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.63%. This is a boost from Campbell Soup's previous quarterly dividend of $0.37. The ex-dividend date is Thursday, January 2nd. Campbell Soup's payout ratio is 85.25%.

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.