Swedbank AB Purchases 115,794 Shares of Campbell Soup (NASDAQ:CPB)

Swedbank AB lifted its stake in Campbell Soup (NASDAQ:CPB - Free Report) by 49.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 350,764 shares of the company's stock after acquiring an additional 115,794 shares during the quarter. Swedbank AB owned 0.12% of Campbell Soup worth $17,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in Campbell Soup by 1.9% in the second quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company's stock worth $393,603,000 after purchasing an additional 161,392 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Campbell Soup by 14.5% in 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 during the period. LSV Asset Management boosted its holdings in shares of Campbell Soup by 5,022.5% in the second quarter. LSV Asset Management now owns 2,438,300 shares of the company's stock worth $110,187,000 after buying an additional 2,390,700 shares during the last quarter. Nordea Investment Management AB grew its position in Campbell Soup by 7.3% during the first quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company's stock valued at $55,554,000 after buying an additional 85,099 shares during the period. Finally, Armistice Capital LLC increased its holdings in Campbell Soup by 94.0% during the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company's stock valued at $48,259,000 after buying an additional 517,550 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CPB. Royal Bank of Canada lifted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a "sector perform" rating in a research note on Friday, September 13th. StockNews.com upgraded Campbell Soup from a "sell" rating to a "hold" rating in a research report on Thursday, September 26th. Sanford C. Bernstein upgraded Campbell Soup from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $55.00 to $58.00 in a research report on Monday, October 7th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. Finally, Barclays boosted their price objective on Campbell Soup from $45.00 to $49.00 and gave the company an "underweight" rating in a research note on Thursday, September 12th. 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.com, Campbell Soup has a consensus rating of "Hold" and a consensus price target of $50.83.

Campbell Soup Price Performance

Shares of CPB stock traded down $0.21 during mid-day trading on Friday, hitting $48.50. The company had a trading volume of 1,749,984 shares, compared to its average volume of 2,583,004. 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's 50 day moving average price is $49.60 and its 200-day moving average price is $46.74. Campbell Soup has a 52-week low of $39.48 and a 52-week high of $52.81. The company has a market capitalization of $14.48 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.83 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The business's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS. Equities research analysts forecast that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Thursday, October 3rd. Campbell Soup's payout ratio is 59.92%.

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.