QRG Capital Management Inc. Has $915,000 Stock Position in Campbell Soup (NYSE:CPB)

QRG Capital Management Inc. trimmed its holdings in shares of Campbell Soup (NYSE:CPB - Free Report) by 56.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,581 shares of the company's stock after selling 26,417 shares during the period. QRG Capital Management Inc.'s holdings in Campbell Soup were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in Campbell Soup in the 1st quarter worth $28,000. Jones Financial Companies Lllp acquired a new position in shares of Campbell Soup in the fourth quarter worth about $31,000. Larson Financial Group LLC lifted its stake in shares of Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company's stock worth $39,000 after acquiring an additional 865 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Campbell Soup by 79.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,011 shares of the company's stock valued at $44,000 after purchasing an additional 449 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Campbell Soup by 42.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,307 shares of the company's stock valued at $100,000 after purchasing an additional 682 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

Campbell Soup stock traded up $0.19 during midday trading on Thursday, reaching $47.91. 2,150,742 shares of the stock traded hands, compared to its average volume of 2,693,584. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $48.63. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 2.93 and a beta of 0.16. The firm has a fifty day moving average price of $45.04 and a two-hundred day moving average price of $44.10.

Campbell Soup (NYSE:CPB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.05. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The business's revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Campbell Soup will post 3.08 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be paid a $0.37 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.09%. Campbell Soup's payout ratio is 59.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com raised Campbell Soup from a "sell" rating to a "hold" rating in a research report on Friday, July 12th. Citigroup upped their price target on shares of Campbell Soup from $41.00 to $42.00 and gave the company a "sell" rating in a report on Thursday, May 23rd. Sanford C. Bernstein raised shares of Campbell Soup from an "underperform" rating to a "market perform" rating and raised their price objective for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. JPMorgan Chase & Co. raised shares of Campbell Soup from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $45.00 to $52.00 in a research report on Wednesday, June 26th. Finally, DA Davidson increased their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a "buy" rating in a research report on Monday, June 10th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $46.56.

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.