Fluent Financial LLC Purchases 64,018 Shares of Campbell Soup (NASDAQ:CPB)

Fluent Financial LLC increased its position in shares of Campbell Soup (NASDAQ:CPB) by 975.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,578 shares of the company’s stock after purchasing an additional 64,018 shares during the quarter. Campbell Soup makes up about 1.7% of Fluent Financial LLC’s holdings, making the stock its 22nd biggest position. Fluent Financial LLC’s holdings in Campbell Soup were worth $3,453,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. M&G Plc bought a new stake in shares of Campbell Soup during the 2nd quarter worth $469,000. Lingohr Asset Management GmbH purchased a new stake in shares of Campbell Soup during the 4th quarter worth approximately $627,000. First Trust Advisors LP raised its holdings in shares of Campbell Soup by 6.5% in the 4th quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock worth $28,592,000 after purchasing an additional 40,504 shares during the period. Stephens Inc. AR purchased a new position in Campbell Soup in the fourth quarter valued at approximately $1,211,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Campbell Soup in the fourth quarter valued at $1,045,000. 52.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CPB has been the subject of several research reports. Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Friday, September 20th. Stifel Nicolaus restated a “hold” rating and set a $45.00 price target on shares of Campbell Soup in a research note on Tuesday, August 27th. Royal Bank of Canada lifted their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. StockNews.com upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Finally, DA Davidson cut 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. Two 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.85.

Campbell Soup Price Performance

Shares of CPB traded up $0.06 during trading hours on Friday, reaching $47.35. 1,772,413 shares of the company’s stock traded hands, compared to its average volume of 2,632,026. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The firm’s 50 day simple moving average is $49.65 and its 200-day simple moving average is $46.47. The stock has a market cap of $14.14 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.18. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The business 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 company earned $0.50 EPS. Equities analysts expect that Campbell Soup will post 3.18 EPS 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 issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.13%. Campbell Soup’s dividend payout ratio is 59.92%.

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.