Campbell Soup (NASDAQ:CPB) Shares Sold by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. decreased its holdings in Campbell Soup (NASDAQ:CPB - Free Report) by 30.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,827 shares of the company's stock after selling 31,173 shares during the period. Campbell Soup makes up approximately 1.7% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its 28th largest position. Savoir Faire Capital Management L.P.'s holdings in Campbell Soup were worth $3,416,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CPB. Natixis Advisors LLC lifted its position in Campbell Soup by 5.2% during the third quarter. Natixis Advisors LLC now owns 45,001 shares of the company's stock worth $2,201,000 after buying an additional 2,205 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Campbell Soup by 6.7% during the 3rd quarter. CIBC Asset Management Inc now owns 36,487 shares of the company's stock worth $1,785,000 after acquiring an additional 2,277 shares during the period. Lifeworks Advisors LLC boosted its position in shares of Campbell Soup by 6.7% during the 3rd quarter. Lifeworks Advisors LLC now owns 139,529 shares of the company's stock valued at $6,826,000 after acquiring an additional 8,812 shares during the last quarter. Huntington National Bank grew its holdings in shares of Campbell Soup by 35.3% in the third quarter. Huntington National Bank now owns 2,090 shares of the company's stock valued at $102,000 after purchasing an additional 545 shares during the period. Finally, KBC Group NV increased its position in Campbell Soup by 1.1% during the third quarter. KBC Group NV now owns 177,265 shares of the company's stock worth $8,671,000 after purchasing an additional 2,015 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Campbell Soup from a "sell" rating to a "hold" rating in a research note on Thursday, September 26th. DA Davidson lowered Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 price objective for the company. in a research report on Friday, September 27th. Barclays lifted their target price on Campbell Soup from $45.00 to $49.00 and gave the company an "underweight" rating in a research report on Thursday, September 12th. Piper Sandler upgraded Campbell Soup from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised their price objective on Campbell Soup from $55.00 to $57.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $51.58.

Campbell Soup Stock Up 0.0 %

Shares of CPB stock traded up $0.01 during trading on Tuesday, reaching $43.53. The company's stock had a trading volume of 2,535,995 shares, compared to its average volume of 2,528,239. Campbell Soup has a 1-year low of $39.65 and a 1-year high of $52.81. The stock's 50-day moving average price is $47.63 and its 200 day moving average price is $47.04. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 2.57 and a beta of 0.19. 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 (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. The business 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 revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. On average, research analysts anticipate that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.40%. Campbell Soup's payout ratio is 78.31%.

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.