Hsbc Holdings PLC Has $17.66 Million Stake in Campbell Soup (NASDAQ:CPB)

Hsbc Holdings PLC lowered its holdings in Campbell Soup (NASDAQ:CPB) by 22.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 390,712 shares of the company’s stock after selling 110,114 shares during the quarter. Hsbc Holdings PLC owned about 0.13% of Campbell Soup worth $17,661,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. M&G Plc acquired a new stake in shares of Campbell Soup in the second quarter valued at approximately $469,000. Lingohr Asset Management GmbH bought a new stake in shares of Campbell Soup during the fourth quarter worth $627,000. First Trust Advisors LP lifted its stake in shares of Campbell Soup by 6.5% during the fourth quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock valued at $28,592,000 after acquiring an additional 40,504 shares during the period. Stephens Inc. AR bought a new position in Campbell Soup in the fourth quarter valued at about $1,211,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Campbell Soup in the fourth quarter worth about $1,045,000. Institutional investors own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CPB shares. Barclays upped their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday, September 12th. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Friday. Wells Fargo & Company raised their target price on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Finally, TD Cowen upped their price target on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Campbell Soup presently has an average rating of “Hold” and a consensus price target of $49.69.

Campbell Soup Stock Up 0.7 %

Campbell Soup stock opened at $51.21 on Monday. 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 has a 1-year low of $37.94 and a 1-year high of $52.81. The company has a fifty day simple moving average of $49.19 and a 200 day simple moving average of $46.09. 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.

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

Campbell Soup Announces Dividend

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