Campbell Soup (NASDAQ:CPB) Stock Position Increased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its position in Campbell Soup (NASDAQ:CPB) by 258,511.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,964 shares of the company’s stock after buying an additional 43,947 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Campbell Soup were worth $1,987,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CPB. Van ECK Associates Corp boosted its position in shares of Campbell Soup by 1.9% during the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock valued at $393,603,000 after purchasing an additional 161,392 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Campbell Soup by 21.2% during the first quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company’s stock valued at $147,375,000 after purchasing an additional 580,411 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Campbell Soup by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after buying an additional 363,736 shares in the last quarter. LSV Asset Management grew its position in Campbell Soup by 5,022.5% in the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock worth $110,187,000 after buying an additional 2,390,700 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Campbell Soup by 7.3% in the first quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company’s stock valued at $55,554,000 after buying an additional 85,099 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CPB shares. Barclays upped their target price on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, September 12th. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. DA Davidson increased their target price on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Royal Bank of Canada lifted their price target on Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.69.

Campbell Soup Stock Performance

Shares of CPB stock opened at $51.21 on Friday. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81. The stock’s 50-day moving average is $49.19 and its two-hundred day moving average is $46.07. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24. The firm has a market cap of $15.29 billion, a P/E ratio of 20.73, a PEG ratio of 3.09 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. Analysts predict that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.89%. The ex-dividend date is Thursday, October 3rd. Campbell Soup’s payout ratio is 59.92%.

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.