Bleakley Financial Group LLC Raises Stock Position in Campbell Soup (NASDAQ:CPB)

Bleakley Financial Group LLC lifted its stake in shares of Campbell Soup (NASDAQ:CPB) by 38.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,582 shares of the company’s stock after acquiring an additional 1,835 shares during the quarter. Bleakley Financial Group LLC’s holdings in Campbell Soup were worth $322,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CPB. Wellington Management Group LLP increased its position in shares of Campbell Soup by 27.1% during the fourth quarter. Wellington Management Group LLP now owns 43,619 shares of the company’s stock worth $1,886,000 after acquiring an additional 9,306 shares during the period. Mather Group LLC. purchased a new position in Campbell Soup during the first quarter valued at approximately $28,000. RFG Advisory LLC purchased a new position in Campbell Soup during the first quarter valued at approximately $248,000. AMF Tjanstepension AB purchased a new position in Campbell Soup during the first quarter valued at approximately $30,128,000. Finally, Diversified Trust Co increased its holdings in Campbell Soup by 16.7% during the first quarter. Diversified Trust Co now owns 69,441 shares of the company’s stock valued at $3,087,000 after buying an additional 9,945 shares during the period. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Friday, September 20th. JPMorgan Chase & Co. lifted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Barclays lifted their price target on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Thursday, September 12th. Finally, DA Davidson lowered shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.83.

Campbell Soup Trading Up 0.2 %

NASDAQ:CPB opened at $47.36 on Wednesday. Campbell Soup has a 12 month low of $39.48 and a 12 month high of $52.81. The firm has a fifty day simple moving average of $49.53 and a 200-day simple moving average of $46.86. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $14.14 billion, a P/E ratio of 19.17, a PEG ratio of 2.83 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, October 3rd will be given 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 3.13%. Campbell Soup’s dividend payout ratio is presently 59.92%.

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.