Campbell Soup (NASDAQ:CPB) Position Lessened by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in Campbell Soup (NASDAQ:CPB) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,138 shares of the company’s stock after selling 6,067 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Campbell Soup were worth $3,676,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Mather Group LLC. bought a new stake in shares of Campbell Soup during the 1st quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Campbell Soup during the second quarter worth approximately $32,000. nVerses Capital LLC acquired a new position in Campbell Soup during the third quarter valued at approximately $34,000. Larson Financial Group LLC raised its position in shares of Campbell Soup by 3,760.9% in the first 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 period. Finally, TruNorth Capital Management LLC bought a new position in shares of Campbell Soup in the second quarter valued at approximately $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CPB shares. Royal Bank of Canada raised their target price 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. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, September 20th. JPMorgan Chase & Co. raised their target price on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Finally, TD Cowen upped their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Campbell Soup currently has an average rating of “Hold” and an average price target of $50.83.

Campbell Soup Stock Down 0.8 %

CPB opened at $46.96 on Thursday. The company has a market capitalization of $14.02 billion, a P/E ratio of 19.01, a P/E/G ratio of 2.83 and a beta of 0.18. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. The firm’s fifty day moving average price is $49.48 and its two-hundred day moving average price is $46.86. Campbell Soup has a fifty-two week low of $39.54 and a fifty-two week high of $52.81.

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

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.15%. Campbell Soup’s dividend payout ratio is presently 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.