Ensign Peak Advisors Inc Has $87.01 Million Position in Campbell Soup (NASDAQ:CPB)

Ensign Peak Advisors Inc reduced its stake in Campbell Soup (NASDAQ:CPB) by 11.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,925,339 shares of the company’s stock after selling 238,838 shares during the period. Ensign Peak Advisors Inc owned 0.64% of Campbell Soup worth $87,006,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UBS Group AG raised its position in shares of Campbell Soup by 116.4% during the fourth quarter. UBS Group AG now owns 463,602 shares of the company’s stock worth $20,042,000 after purchasing an additional 249,326 shares during the period. Coldstream Capital Management Inc. lifted its stake in shares of Campbell Soup by 6.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,196 shares of the company’s stock valued at $268,000 after buying an additional 384 shares in the last quarter. Clearbridge Investments LLC bought a new position in shares of Campbell Soup in the fourth quarter valued at $459,000. CreativeOne Wealth LLC bought a new stake in shares of Campbell Soup during the fourth quarter worth about $308,000. Finally, US Bancorp DE increased its position in shares of Campbell Soup by 14.8% during the fourth quarter. US Bancorp DE now owns 29,693 shares of the company’s stock worth $1,284,000 after acquiring an additional 3,836 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Up 0.7 %

CPB opened at $51.21 on Friday. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $52.81. The company’s 50-day moving average price is $49.19 and its two-hundred day moving average price is $46.07. The stock has a market cap of $15.29 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 3.09 and a beta of 0.18. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate 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 prior year, the business earned $0.50 earnings per share. Campbell Soup’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities analysts expect that Campbell Soup will post 3.18 earnings per share for the current year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, October 3rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, October 3rd. Campbell Soup’s dividend payout ratio is currently 59.92%.

Wall Street Analyst Weigh In

CPB has been the subject of a number of analyst reports. StockNews.com downgraded Campbell Soup from a “hold” rating to a “sell” rating in a research note on Friday. DA Davidson lifted their target price on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. 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. Royal Bank of Canada raised their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. Finally, Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Friday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.69.

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.