Waldron Private Wealth LLC Has $6.44 Million Stock Holdings in Campbell Soup (NASDAQ:CPB)

Waldron Private Wealth LLC cut its position in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 13.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,561 shares of the company's stock after selling 19,757 shares during the quarter. Waldron Private Wealth LLC's holdings in Campbell Soup were worth $6,436,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its stake in Campbell Soup by 27.1% in the 4th quarter. Wellington Management Group LLP now owns 43,619 shares of the company's stock worth $1,886,000 after acquiring an additional 9,306 shares in the last quarter. Mather Group LLC. acquired a new position in Campbell Soup during the first quarter valued at approximately $28,000. RFG Advisory LLC acquired a new position in Campbell Soup during the first quarter valued at approximately $248,000. AMF Tjanstepension AB acquired a new stake in shares of Campbell Soup in the first quarter worth $30,128,000. Finally, Diversified Trust Co lifted its stake in shares of Campbell Soup by 16.7% in the first quarter. Diversified Trust Co now owns 69,441 shares of the company's stock worth $3,087,000 after buying an additional 9,945 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Argus upgraded shares of Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price target on the stock in a research report on Friday, September 20th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $45.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. boosted their price objective on Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a research report on Wednesday, September 11th. Finally, Barclays raised their target price on Campbell Soup from $45.00 to $49.00 and gave the stock an "underweight" rating in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Campbell Soup presently has an average rating of "Hold" and a consensus price target of $50.83.

Campbell Soup Trading Up 0.2 %

NASDAQ CPB traded up $0.10 during trading hours on Tuesday, hitting $47.36. The company's stock had a trading volume of 1,368,075 shares, compared to its average volume of 2,572,591. Campbell Soup has a twelve month low of $39.48 and a twelve month high of $52.81. The firm has a market capitalization of $14.14 billion, a P/E ratio of 19.17, a PEG ratio of 2.83 and a beta of 0.18. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The stock has a fifty day moving average of $49.53 and a 200 day moving average of $46.86.

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, beating the consensus estimate of $0.62 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Equities research analysts forecast that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors 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 3.13%. The ex-dividend date of this dividend is Thursday, October 3rd. Campbell Soup's payout ratio is presently 59.92%.

Campbell Soup 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.