DekaBank Deutsche Girozentrale boosted its position in Campbell Soup (NASDAQ:CPB - Free Report) by 41.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 237,552 shares of the company's stock after purchasing an additional 69,230 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.08% of Campbell Soup worth $11,663,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Campbell Soup during the second quarter valued at $32,000. nVerses Capital LLC acquired a new position in Campbell Soup during the 3rd quarter valued at about $34,000. Larson Financial Group LLC raised its position in shares of Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company's stock worth $39,000 after buying an additional 865 shares in the last quarter. TruNorth Capital Management LLC bought a new position in shares of Campbell Soup in the second quarter valued at approximately $44,000. Finally, Rothschild Investment LLC acquired a new position in shares of Campbell Soup during the second quarter valued at approximately $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Stifel Nicolaus reiterated a "hold" rating and set a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. TD Cowen upped their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a report on Thursday, September 12th. Barclays increased their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the company an "underweight" rating in a research note on Thursday, September 12th. Royal Bank of Canada lifted their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a "sector perform" rating in a report on Friday, September 13th. Finally, Wells Fargo & Company upped their target price on Campbell Soup from $49.00 to $51.00 and gave the company an "equal weight" rating in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $50.83.
Read Our Latest Stock Report on Campbell Soup
Campbell Soup Stock Down 0.2 %
CPB traded down $0.08 during trading on Wednesday, reaching $46.68. 1,990,341 shares of the stock traded hands, compared to its average volume of 2,541,454. The stock's 50-day simple moving average is $49.28 and its two-hundred day simple moving average is $46.98. 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 fifty-two week low of $39.65 and a fifty-two week high of $52.81. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 2.83 and a beta of 0.18.
Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings data 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. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The company's revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities research analysts expect that Campbell Soup will post 3.2 EPS for the current year.
Campbell Soup Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.17%. Campbell Soup's dividend payout ratio (DPR) is presently 59.92%.
Campbell Soup Profile
(
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.
Read More
Before you consider Campbell Soup, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Campbell Soup wasn't on the list.
While Campbell Soup currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
