B. Riley Wealth Advisors Inc. Makes New Investment in Campbell Soup (NASDAQ:CPB)

B. Riley Wealth Advisors Inc. bought a new stake in Campbell Soup (NASDAQ:CPB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,810 shares of the company’s stock, valued at approximately $760,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. M&G Plc acquired a new stake in Campbell Soup in the second quarter valued at about $469,000. Lingohr Asset Management GmbH purchased a new stake in shares of Campbell Soup in the fourth quarter valued at approximately $627,000. First Trust Advisors LP grew its holdings in Campbell Soup by 6.5% during the fourth quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock worth $28,592,000 after acquiring an additional 40,504 shares during the period. Stephens Inc. AR purchased a new position in Campbell Soup in the fourth quarter worth $1,211,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Campbell Soup in the first quarter worth $672,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Campbell Soup stock opened at $47.35 on Friday. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81. The company has a market capitalization of $14.14 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 3.02 and a beta of 0.18. The stock has a fifty day moving average of $49.65 and a two-hundred day moving average of $46.47. 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 (NASDAQ:CPB) last announced its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 EPS. On average, analysts anticipate that Campbell Soup will post 3.18 EPS for the current fiscal 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 dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Thursday, October 3rd. Campbell Soup’s payout ratio is 59.92%.

Analyst Ratings Changes

CPB has been the topic of several research analyst reports. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. TD Cowen boosted their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, September 20th. DA Davidson downgraded 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. Finally, Wells Fargo & Company upped their price target on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Campbell Soup currently has a consensus rating of “Hold” and an average target price of $49.85.

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.