International Assets Investment Management LLC grew its position in Campbell Soup (NASDAQ:CPB - Free Report) by 145.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,600 shares of the company's stock after buying an additional 30,549 shares during the quarter. International Assets Investment Management LLC's holdings in Campbell Soup were worth $25,240,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Blair William & Co. IL lifted its holdings in Campbell Soup by 0.5% during the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company's stock worth $1,982,000 after buying an additional 218 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Campbell Soup by 3.6% in the first quarter. Empirical Finance LLC now owns 6,912 shares of the company's stock valued at $307,000 after acquiring an additional 239 shares in the last quarter. Brown Lisle Cummings Inc. boosted its holdings in Campbell Soup by 1.3% in the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company's stock valued at $986,000 after purchasing an additional 254 shares during the period. North Star Investment Management Corp. grew its stake in Campbell Soup by 2.1% during the 1st quarter. North Star Investment Management Corp. now owns 12,357 shares of the company's stock worth $549,000 after purchasing an additional 260 shares in the last quarter. Finally, Diversified Trust Co increased its holdings in Campbell Soup by 0.3% during the 3rd quarter. Diversified Trust Co now owns 87,845 shares of the company's stock worth $4,297,000 after purchasing an additional 283 shares during the period. Hedge funds and other institutional investors own 52.35% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on CPB shares. DA Davidson downgraded shares of Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 price objective on the stock. in a research report on Friday, September 27th. Stifel Nicolaus reissued a "hold" rating and issued a $45.00 target price on shares of Campbell Soup in a report on Tuesday, August 27th. JPMorgan Chase & Co. lifted their price target on Campbell Soup from $55.00 to $57.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. TD Cowen increased their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a report on Thursday, September 12th. Finally, Wells Fargo & Company boosted their target price on Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $50.83.
Read Our Latest Research Report on CPB
Campbell Soup Stock Performance
Shares of NASDAQ:CPB traded down $0.87 during midday trading on Tuesday, hitting $46.76. The stock had a trading volume of 1,363,925 shares, compared to its average volume of 2,544,090. Campbell Soup has a 1 year low of $39.65 and a 1 year high of $52.81. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The stock has a 50 day moving average price of $49.35 and a two-hundred day moving average price of $46.95. The company has a market capitalization of $13.96 billion, a PE ratio of 19.13, a P/E/G 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 the consensus estimate of $0.62 by $0.01. The business had revenue of $2.29 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $0.50 EPS. As a group, equities analysts predict that Campbell Soup will post 3.2 earnings per share for the current fiscal year.
Campbell Soup Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup's dividend payout ratio is currently 59.92%.
About Campbell Soup
(
Free Report)
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.
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