MBB Public Markets I LLC Makes New $669,000 Investment in Campbell Soup (NASDAQ:CPB)

MBB Public Markets I LLC acquired a new stake in shares of Campbell Soup (NASDAQ:CPB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,800 shares of the company’s stock, valued at approximately $669,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CPB. LSV Asset Management lifted its holdings in shares of Campbell Soup by 5,022.5% during the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after acquiring an additional 2,390,700 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Campbell Soup by 16.6% during the first quarter. Van ECK Associates Corp now owns 8,548,557 shares of the company’s stock worth $379,983,000 after purchasing an additional 1,219,301 shares in the last quarter. Wulff Hansen & CO. boosted its position in shares of Campbell Soup by 4,419.0% in the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock worth $33,103,000 after buying an additional 716,320 shares during the period. AMF Tjanstepension AB purchased a new stake in shares of Campbell Soup in the first quarter worth about $30,128,000. Finally, Armistice Capital LLC grew its stake in shares of Campbell Soup by 94.0% in the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock valued at $48,259,000 after buying an additional 517,550 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

Shares of CPB opened at $48.36 on Wednesday. The stock has a market capitalization of $14.44 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 3.02 and a beta of 0.18. The business’s fifty day moving average price is $49.54 and its 200 day moving average price is $46.39. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $52.81.

Campbell Soup (NASDAQ:CPB) last issued its 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. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts forecast that Campbell Soup will post 3.18 EPS for the current year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.06%. Campbell Soup’s payout ratio is currently 59.92%.

Wall Street Analysts Forecast Growth

CPB has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. TD Cowen lifted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Wells Fargo & Company upped their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Finally, StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $49.85.

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.