Natixis Advisors LLC Raises Stake in Campbell Soup (NASDAQ:CPB)

Natixis Advisors LLC increased its holdings in Campbell Soup (NASDAQ:CPB) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,001 shares of the company’s stock after buying an additional 2,205 shares during the quarter. Natixis Advisors LLC’s holdings in Campbell Soup were worth $2,201,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CPB. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Campbell Soup during the 2nd quarter worth approximately $32,000. nVerses Capital LLC purchased a new stake in shares of Campbell Soup during the 3rd quarter worth about $34,000. Ashton Thomas Securities LLC acquired a new stake in shares of Campbell Soup during the 3rd quarter valued at about $39,000. TruNorth Capital Management LLC purchased a new position in shares of Campbell Soup in the 2nd quarter valued at about $44,000. Finally, Rothschild Investment LLC acquired a new position in Campbell Soup in the 2nd quarter worth about $44,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CPB. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. JPMorgan Chase & Co. raised their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. TD Cowen increased their target price on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, September 12th. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Friday, September 20th. Finally, StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.58.

Campbell Soup Trading Up 1.9 %

Shares of Campbell Soup stock opened at $45.29 on Monday. Campbell Soup has a fifty-two week low of $39.65 and a fifty-two week high of $52.81. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 2.56 and a beta of 0.19. The stock has a 50 day moving average of $47.30 and a 200 day moving average of $47.02.

Campbell Soup (NASDAQ:CPB) last issued 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. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.50 EPS. As a group, research analysts predict that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.27%. Campbell Soup’s dividend payout ratio is presently 78.31%.

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.