Tobam Lowers Stock Holdings in Campbell Soup (NASDAQ:CPB)

Tobam cut its position in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 26.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 184,459 shares of the company's stock after selling 67,162 shares during the quarter. Campbell Soup makes up about 1.7% of Tobam's holdings, making the stock its 18th biggest position. Tobam owned approximately 0.06% of Campbell Soup worth $9,024,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CPB. Mather Group LLC. bought a new stake in Campbell Soup in the first quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Campbell Soup in the second quarter worth about $32,000. Larson Financial Group LLC raised its position in shares of Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company's stock valued at $39,000 after purchasing an additional 865 shares during the period. TruNorth Capital Management LLC bought a new stake in shares of Campbell Soup in the second quarter valued at approximately $44,000. Finally, Rothschild Investment LLC bought a new stake in shares of Campbell Soup in the second quarter valued at approximately $44,000. Institutional investors own 52.35% of the company's stock.

Campbell Soup Price Performance

CPB stock traded up $0.34 during mid-day trading on Thursday, hitting $47.84. 1,829,613 shares of the stock were exchanged, compared to its average volume of 2,615,930. The business has a fifty day moving average price of $49.67 and a 200 day moving average price of $46.58. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $52.81. 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 $14.28 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 3.02 and a beta of 0.18.

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 analysts' consensus estimates of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the company posted $0.50 EPS. Campbell Soup's quarterly revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Campbell Soup will post 3.18 EPS for the current year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.09%. Campbell Soup's payout ratio is 59.92%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CPB. Royal Bank of Canada boosted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a "sector perform" rating in a research report on Friday, September 13th. Barclays boosted their price target 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. DA Davidson lowered shares of Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 price target on the stock. in a research report on Friday, September 27th. StockNews.com raised shares of Campbell Soup from a "sell" rating to a "hold" rating in a research report on Thursday, September 26th. Finally, TD Cowen boosted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Campbell Soup 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.