Inspire Investing LLC Cuts Stock Holdings in Campbell Soup (NASDAQ:CPB)

Inspire Investing LLC lessened its position in Campbell Soup (NASDAQ:CPB) by 41.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,832 shares of the company’s stock after selling 4,112 shares during the quarter. Inspire Investing LLC’s holdings in Campbell Soup were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CPB. Blair William & Co. IL raised its holdings in Campbell Soup by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock valued at $1,982,000 after acquiring an additional 218 shares during the last quarter. Empirical Finance LLC increased its holdings in shares of Campbell Soup by 3.6% in the first quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock valued at $307,000 after purchasing an additional 239 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of Campbell Soup by 2.1% in the first quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock valued at $549,000 after purchasing an additional 260 shares during the last quarter. Yousif Capital Management LLC lifted its position in Campbell Soup by 1.1% during the first quarter. Yousif Capital Management LLC now owns 29,468 shares of the company’s stock worth $1,310,000 after buying an additional 327 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its stake in Campbell Soup by 3.3% during the first quarter. First Trust Direct Indexing L.P. now owns 10,136 shares of the company’s stock worth $451,000 after buying an additional 328 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Price Performance

CPB opened at $49.65 on Wednesday. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 3.09 and a beta of 0.18. The company has a current ratio of 0.61, a quick ratio of 0.24 and a debt-to-equity ratio of 1.52. The stock’s 50-day moving average price is $49.36 and its 200 day moving average price is $46.20. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $52.81.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. As a group, sell-side analysts expect that Campbell Soup will post 3.18 earnings per share for the current year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, October 3rd will be issued 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 2.98%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CPB shares. Barclays lifted their price target on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. boosted their target price 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. Stifel Nicolaus restated a “hold” rating and set a $45.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. DA Davidson increased their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, Wells Fargo & Company lifted their target price on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.69.

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.