SG Americas Securities LLC Cuts Holdings in Campbell Soup (NASDAQ:CPB)

SG Americas Securities LLC reduced its stake in Campbell Soup (NASDAQ:CPB - Free Report) by 70.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,701 shares of the company's stock after selling 110,650 shares during the quarter. SG Americas Securities LLC's holdings in Campbell Soup were worth $2,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. M&G Plc purchased a new stake in Campbell Soup in the 2nd quarter worth $469,000. First Trust Advisors LP raised its stake in Campbell Soup by 6.5% during the 4th quarter. First Trust Advisors LP now owns 661,401 shares of the company's stock valued at $28,592,000 after purchasing an additional 40,504 shares during the period. Stephens Inc. AR purchased a new position in Campbell Soup in the 4th quarter worth approximately $1,211,000. B. Riley Wealth Advisors Inc. bought a new position in Campbell Soup in the 4th quarter worth approximately $1,045,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Campbell Soup during the 1st quarter valued at approximately $672,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Trading Up 0.9 %

Shares of NASDAQ:CPB traded up $0.44 on Tuesday, hitting $47.57. 1,458,574 shares of the company's stock were exchanged, compared to its average volume of 2,625,044. The business's 50 day simple moving average is $49.65 and its two-hundred day simple moving average is $46.54. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 3.02 and a beta of 0.18. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $52.81.

Campbell Soup (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.31 billion. During the same period in the previous year, the company earned $0.50 EPS. The firm's quarterly revenue was up 10.9% on a year-over-year basis. Analysts anticipate that Campbell Soup will post 3.18 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.11%. Campbell Soup's dividend payout ratio is currently 59.92%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Sanford C. Bernstein upgraded Campbell Soup from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $55.00 to $58.00 in a research report on Monday. 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 report on Friday, September 20th. JPMorgan Chase & Co. boosted their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 11th. Barclays increased their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the company an "underweight" rating in a research report on Thursday, September 12th. Finally, DA Davidson cut shares of Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 target price on the stock. in a research report on Friday, September 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Campbell Soup presently has an average rating of "Hold" and a consensus target price of $50.77.

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.