Handelsbanken Fonder AB Buys 3,264 Shares of Campbell Soup (NASDAQ:CPB)

Handelsbanken Fonder AB grew its stake in Campbell Soup (NASDAQ:CPB) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,155 shares of the company’s stock after buying an additional 3,264 shares during the period. Handelsbanken Fonder AB’s holdings in Campbell Soup were worth $3,481,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Mather Group LLC. bought a new stake in Campbell Soup in the 1st quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Campbell Soup in the 2nd quarter valued at $32,000. Larson Financial Group LLC grew its holdings in shares of Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after purchasing an additional 865 shares during the last quarter. TruNorth Capital Management LLC purchased a new position in Campbell Soup in the 2nd quarter worth $44,000. Finally, Rothschild Investment LLC bought a new stake in Campbell Soup in the second quarter worth $44,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Up 0.9 %

CPB stock opened at $47.57 on Wednesday. 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 $14.20 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 3.02 and a beta of 0.18. The business’s 50 day moving average price is $49.65 and its two-hundred day moving average price is $46.57. 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 posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the company earned $0.50 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts forecast that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be given 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 dividend yield of 3.11%. Campbell Soup’s dividend payout ratio is currently 59.92%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank of Canada lifted their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a report on Friday, September 13th. DA Davidson downgraded Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research report on Friday, September 27th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $55.00 to $58.00 in a research note on Monday. Finally, Barclays increased their price target on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Campbell Soup currently has a consensus rating of “Hold” and an average target price of $50.77.

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.