Farther Finance Advisors LLC Acquires 552 Shares of Campbell Soup (NASDAQ:CPB)

Farther Finance Advisors LLC boosted its holdings in Campbell Soup (NASDAQ:CPB) by 45.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,776 shares of the company’s stock after acquiring an additional 552 shares during the quarter. Farther Finance Advisors LLC’s holdings in Campbell Soup were worth $87,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of Campbell Soup during the third quarter valued at about $34,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Campbell Soup during the 2nd quarter worth approximately $32,000. TruNorth Capital Management LLC purchased a new position in shares of Campbell Soup in the 2nd quarter worth approximately $44,000. Rothschild Investment LLC bought a new position in shares of Campbell Soup in the second quarter valued at approximately $44,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of Campbell Soup during the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CPB shares. JPMorgan Chase & Co. boosted their price objective on 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 lowered shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research report on Friday, September 27th. 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 research report on Friday, September 20th. Royal Bank of Canada increased their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Campbell Soup currently has a consensus rating of “Hold” and an average target price of $50.83.

Campbell Soup Price Performance

Shares of NASDAQ CPB opened at $44.24 on Wednesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. Campbell Soup has a fifty-two week low of $39.65 and a fifty-two week high of $52.81. The stock has a market cap of $13.17 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 2.72 and a beta of 0.19. The stock has a fifty day moving average of $48.41 and a 200-day moving average of $47.10.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. Campbell Soup’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business earned $0.50 earnings per share. 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 was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.35%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s payout ratio is 78.31%.

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.