Campbell Soup (NASDAQ:CPB) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 88.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,192,610 shares of the company's stock after buying an additional 558,944 shares during the quarter. Victory Capital Management Inc. owned 0.40% of Campbell Soup worth $58,342,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Campbell Soup during the 2nd quarter valued at $32,000. nVerses Capital LLC bought a new stake in shares of Campbell Soup during the 3rd quarter valued at $34,000. Ashton Thomas Securities LLC bought a new stake in shares of Campbell Soup during the 3rd quarter valued at $39,000. TruNorth Capital Management LLC bought a new stake in shares of Campbell Soup during the 2nd quarter valued at $44,000. Finally, Rothschild Investment LLC bought a new stake in shares of Campbell Soup during the 2nd quarter valued at $44,000. Institutional investors own 52.35% of the company's stock.

Analyst Ratings Changes

CPB has been the subject of several analyst reports. TD Cowen increased their target price on Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a report on Thursday, September 12th. Wells Fargo & Company raised their price target 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. Argus upgraded Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 target price on the stock in a research report on Friday, September 20th. Stifel Nicolaus restated a "hold" rating and issued a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. Finally, StockNews.com raised Campbell Soup from a "sell" rating to a "hold" rating in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Campbell Soup currently has a consensus rating of "Hold" and an average target price of $51.58.

Campbell Soup Price Performance

Shares of Campbell Soup stock traded down $1.58 on Friday, hitting $42.87. 1,793,805 shares of the company were exchanged, compared to its average volume of 2,516,021. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.64 and a beta of 0.19. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The company has a 50-day moving average price of $48.26 and a 200 day moving average price of $47.08. Campbell Soup has a 1-year low of $39.65 and a 1-year high of $52.81.

Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The company's revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

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 dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.45%. Campbell Soup's dividend payout ratio is currently 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.