RFG Advisory LLC bought a new stake in shares of Campbell Soup (NYSE:CPB – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,581 shares of the company’s stock, valued at approximately $248,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Inscription Capital LLC bought a new stake in shares of Campbell Soup during the 1st quarter worth $444,000. Banque Cantonale Vaudoise raised its position in Campbell Soup by 58.1% during the first quarter. Banque Cantonale Vaudoise now owns 38,273 shares of the company’s stock valued at $1,701,000 after purchasing an additional 14,058 shares in the last quarter. Alaska Permanent Fund Corp lifted its stake in Campbell Soup by 16.2% during the first quarter. Alaska Permanent Fund Corp now owns 53,374 shares of the company’s stock worth $2,372,000 after purchasing an additional 7,425 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Campbell Soup in the 1st quarter worth about $28,000. Finally, GAMMA Investing LLC increased its position in shares of Campbell Soup by 61.3% during the 1st quarter. GAMMA Investing LLC now owns 4,479 shares of the company’s stock valued at $199,000 after purchasing an additional 1,703 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.
Campbell Soup Price Performance
Shares of Campbell Soup stock opened at $44.19 on Wednesday. The company has a market cap of $13.19 billion, a PE ratio of 17.89, a P/E/G ratio of 2.83 and a beta of 0.19. The business has a 50 day moving average of $44.81 and a 200 day moving average of $43.85. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $46.97. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47.
Campbell Soup Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio is currently 59.92%.
Analyst Upgrades and Downgrades
CPB has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Wells Fargo & Company upped their price objective on shares of Campbell Soup from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Friday, June 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Friday, June 7th. Evercore ISI started coverage on shares of Campbell Soup in a research note on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price target for the company. Finally, Citigroup raised their price objective on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and an average target price of $46.31.
Check Out Our Latest Research Report on CPB
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.
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