Gabelli Funds LLC Has $33.16 Million Holdings in Campbell Soup (NASDAQ:CPB)

Gabelli Funds LLC increased its holdings in Campbell Soup (NASDAQ:CPB) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 733,825 shares of the company’s stock after buying an additional 45,000 shares during the period. Gabelli Funds LLC owned 0.25% of Campbell Soup worth $33,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Mather Group LLC. acquired a new stake in Campbell Soup during the first quarter worth about $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Campbell Soup during the 4th quarter worth approximately $31,000. Larson Financial Group LLC increased its stake in Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after acquiring an additional 865 shares during the last quarter. TruNorth Capital Management LLC bought a new position in Campbell Soup in the second quarter valued at approximately $44,000. Finally, Rothschild Investment LLC acquired a new position in Campbell Soup during the second quarter valued at approximately $44,000. 52.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CPB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Barclays raised their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, September 12th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price on shares of Campbell Soup in a research report on Tuesday, August 27th. Wells Fargo & Company raised their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada lifted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a report on Friday, September 13th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and a consensus price target of $49.69.

Campbell Soup Trading Up 0.7 %

CPB opened at $51.21 on Friday. The company has a fifty day moving average price of $49.19 and a two-hundred day moving average price of $46.07. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $52.81. The company has a market cap of $15.29 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. The company has a current ratio of 0.61, a quick ratio of 0.24 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The business 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 for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. Analysts predict that Campbell Soup will post 3.18 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders 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 dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, October 3rd. Campbell Soup’s payout ratio is presently 59.92%.

Campbell Soup Company 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.