ICICI Prudential Asset Management Co Ltd Acquires 12,000 Shares of Campbell Soup (NASDAQ:CPB)

ICICI Prudential Asset Management Co Ltd raised its holdings in Campbell Soup (NASDAQ:CPB - Free Report) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 196,153 shares of the company's stock after acquiring an additional 12,000 shares during the quarter. Campbell Soup comprises 1.0% of ICICI Prudential Asset Management Co Ltd's portfolio, making the stock its 27th largest position. ICICI Prudential Asset Management Co Ltd owned approximately 0.07% of Campbell Soup worth $9,596,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CPB. M&G Plc bought a new position in Campbell Soup during the second quarter worth about $469,000. Envestnet Portfolio Solutions Inc. bought a new stake in Campbell Soup in the 1st quarter valued at $672,000. Swedbank AB acquired a new position in Campbell Soup in the 1st quarter worth $11,405,000. Dimensional Fund Advisors LP increased its holdings 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. Finally, MN Wealth Advisors LLC acquired a new stake in shares of Campbell Soup in the 3rd quarter valued at about $940,000. Institutional investors own 52.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CPB shares. Wells Fargo & Company increased their price objective on Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 11th. 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 note on Monday, October 7th. JPMorgan Chase & Co. upped their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a report on Wednesday, September 11th. Argus upgraded Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 target price for the company in a research note on Friday, September 20th. Finally, Stifel Nicolaus restated a "hold" rating and issued a $45.00 price target on shares of Campbell Soup in a research note on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Campbell Soup presently has an average rating of "Hold" and a consensus price target of $50.83.

Campbell Soup Trading Up 0.1 %

Shares of NASDAQ CPB traded up $0.03 during trading on Wednesday, reaching $44.27. The company had a trading volume of 1,882,786 shares, compared to its average volume of 2,514,255. The stock has a market cap of $13.18 billion, a P/E ratio of 23.42, a PEG ratio of 2.64 and a beta of 0.19. The company's fifty day moving average price is $48.26 and its 200-day moving average price is $47.08. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. 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 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. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business earned $0.50 EPS. The company's revenue was up 10.9% compared to the same quarter last year. As a group, research analysts expect that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup's dividend payout ratio (DPR) is 78.31%.

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.