RFG Advisory LLC Buys New Position in Campbell Soup (NYSE:CPB)

RFG Advisory LLC bought a new stake in shares of Campbell Soup (NYSE:CPB) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,581 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Inscription Capital LLC bought a new stake in shares of Campbell Soup during the 1st quarter worth $444,000. Banque Cantonale Vaudoise raised its position in Campbell Soup by 58.1% during the first quarter. Banque Cantonale Vaudoise now owns 38,273 shares of the company’s stock valued at $1,701,000 after purchasing an additional 14,058 shares in the last quarter. Alaska Permanent Fund Corp lifted its stake in Campbell Soup by 16.2% during the first quarter. Alaska Permanent Fund Corp now owns 53,374 shares of the company’s stock worth $2,372,000 after purchasing an additional 7,425 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Campbell Soup in the 1st quarter worth about $28,000. Finally, GAMMA Investing LLC increased its position in shares of Campbell Soup by 61.3% during the 1st quarter. GAMMA Investing LLC now owns 4,479 shares of the company’s stock valued at $199,000 after purchasing an additional 1,703 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of Campbell Soup stock opened at $44.19 on Wednesday. The company has a market cap of $13.19 billion, a PE ratio of 17.89, a P/E/G ratio of 2.83 and a beta of 0.19. The business has a 50 day moving average of $44.81 and a 200 day moving average of $43.85. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $46.97. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47.

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

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio is currently 59.92%.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Wells Fargo & Company upped their price objective on shares of Campbell Soup from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Friday, June 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Friday, June 7th. Evercore ISI started coverage on shares of Campbell Soup in a research note on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price target for the company. Finally, Citigroup raised their price objective on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and an average target price of $46.31.

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.