Swedbank AB Has $17.16 Million Holdings in Campbell Soup (NASDAQ:CPB)

Swedbank AB raised its holdings in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 49.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,764 shares of the company's stock after acquiring an additional 115,794 shares during the period. Swedbank AB owned approximately 0.12% of Campbell Soup worth $17,159,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Raymond James Trust N.A. increased its position in shares of Campbell Soup by 43.8% during the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company's stock valued at $451,000 after purchasing an additional 2,809 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Campbell Soup by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company's stock worth $86,375,000 after acquiring an additional 12,822 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Campbell Soup in the 3rd quarter worth $576,000. Intech Investment Management LLC grew its holdings in shares of Campbell Soup by 59.8% in the 3rd quarter. Intech Investment Management LLC now owns 43,699 shares of the company's stock worth $2,138,000 after acquiring an additional 16,357 shares during the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of Campbell Soup by 4.5% in the 3rd quarter. Moors & Cabot Inc. now owns 10,460 shares of the company's stock worth $512,000 after acquiring an additional 450 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of recent research reports. Sanford C. Bernstein upgraded Campbell Soup from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $55.00 to $58.00 in a report on Monday, October 7th. Barclays lifted their target price on Campbell Soup from $45.00 to $49.00 and gave the stock an "underweight" rating in a report on Thursday, September 12th. JPMorgan Chase & Co. lifted their target price on Campbell Soup from $55.00 to $57.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. Piper Sandler upgraded Campbell Soup from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Finally, Wells Fargo & Company raised their target price on Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $51.58.

Campbell Soup Price Performance

CPB opened at $46.60 on Wednesday. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.64 and a beta of 0.19. 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 fifty day moving average price of $47.19 and a 200 day moving average price of $47.03.

Campbell Soup (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.01. The firm 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 business's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. Analysts forecast that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given 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 yield of 3.18%. 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.