Diversified Trust Co Has $3.09 Million Stock Holdings in Campbell Soup (NYSE:CPB)

Diversified Trust Co boosted its stake in shares of Campbell Soup (NYSE:CPB) by 16.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 69,441 shares of the company’s stock after buying an additional 9,945 shares during the period. Diversified Trust Co’s holdings in Campbell Soup were worth $3,087,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in Campbell Soup by 97.2% during the 4th quarter. Van ECK Associates Corp now owns 7,329,256 shares of the company’s stock worth $316,844,000 after buying an additional 3,613,495 shares during the period. Norges Bank acquired a new stake in Campbell Soup during the 4th quarter worth approximately $125,689,000. Charles Schwab Investment Management Inc. raised its holdings in Campbell Soup by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,688,669 shares of the company’s stock worth $73,001,000 after buying an additional 49,663 shares during the period. Deutsche Bank AG raised its holdings in Campbell Soup by 62.3% during the 3rd quarter. Deutsche Bank AG now owns 1,453,612 shares of the company’s stock worth $59,714,000 after buying an additional 557,948 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of Campbell Soup by 6.7% during the 4th quarter. Nordea Investment Management AB now owns 1,161,768 shares of the company’s stock worth $50,142,000 after acquiring an additional 72,701 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Trading Up 0.2 %

CPB stock opened at $45.27 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.62 and a quick ratio of 0.24. The company has a fifty day moving average price of $44.90 and a two-hundred day moving average price of $43.88. Campbell Soup has a one year low of $37.94 and a one year high of $46.97. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 2.88 and a beta of 0.16.

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

Campbell Soup Dividend Announcement

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 issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio is currently 59.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CPB shares. DA Davidson raised their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a research note on Friday, June 7th. JPMorgan Chase & Co. raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $45.00 to $52.00 in a research note on Wednesday, June 26th. Evercore ISI started coverage on shares of Campbell Soup in a research note on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price target for the company. Finally, Wells Fargo & Company raised their target price 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. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.56.

Campbell Soup 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.