MN Wealth Advisors LLC Acquires New Shares in Campbell Soup (NASDAQ:CPB)

MN Wealth Advisors LLC purchased a new stake in Campbell Soup (NASDAQ:CPB - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,224 shares of the company's stock, valued at approximately $940,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Swedbank AB boosted its position in Campbell Soup by 49.3% during the 3rd quarter. Swedbank AB now owns 350,764 shares of the company's stock worth $17,159,000 after buying an additional 115,794 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Campbell Soup by 62.0% in the third quarter. Exchange Traded Concepts LLC now owns 24,587 shares of the company's stock worth $1,203,000 after purchasing an additional 9,409 shares during the last quarter. Mather Group LLC. lifted its holdings in Campbell Soup by 246.8% during the 3rd quarter. Mather Group LLC. now owns 5,820 shares of the company's stock worth $285,000 after buying an additional 4,142 shares during the period. RK Asset Management LLC increased its stake in shares of Campbell Soup by 0.5% in the third quarter. RK Asset Management LLC now owns 137,719 shares of the company's stock valued at $6,737,000 after buying an additional 669 shares during the period. Finally, Diversified Trust Co raised its position in shares of Campbell Soup by 0.3% during the third quarter. Diversified Trust Co now owns 87,845 shares of the company's stock worth $4,297,000 after acquiring an additional 283 shares during the last quarter. Institutional investors own 52.35% of the company's stock.

Campbell Soup Trading Down 0.0 %

NASDAQ CPB traded down $0.01 during trading on Wednesday, hitting $48.35. 1,065,788 shares of the company's stock traded hands, compared to its average volume of 2,593,258. The stock has a fifty day moving average of $49.61 and a two-hundred day moving average of $46.71. 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 $39.48 and a 12-month high of $52.81. The firm has a market cap of $14.44 billion, a P/E ratio of 19.57, a PEG ratio of 2.83 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $2.31 billion. During the same period in the prior year, the business posted $0.50 EPS. The firm's revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts expect that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, October 3rd. Campbell Soup's dividend payout ratio is presently 59.92%.

Analyst Ratings Changes

A number of brokerages have commented on CPB. Stifel Nicolaus reaffirmed a "hold" rating and set a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. Argus upgraded Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 target price on the stock in a report on Friday, September 20th. Wells Fargo & Company upped their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 11th. Royal Bank of Canada lifted their price target on Campbell Soup from $47.00 to $51.00 and gave the company a "sector perform" rating in a research note on Friday, September 13th. Finally, Sanford C. Bernstein raised Campbell Soup from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Campbell Soup has an average rating of "Hold" and an average price target of $50.83.

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.