Signaturefd LLC Increases Holdings in Campbell Soup (NASDAQ:CPB)

Signaturefd LLC boosted its position in shares of Campbell Soup (NASDAQ:CPB) by 19.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,599 shares of the company’s stock after purchasing an additional 2,719 shares during the quarter. Signaturefd LLC’s holdings in Campbell Soup were worth $812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. M&G Plc bought a new position in shares of Campbell Soup in the 2nd quarter worth $469,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Campbell Soup during the first quarter valued at about $672,000. Swedbank AB purchased a new stake in shares of Campbell Soup during the first quarter valued at about $11,405,000. Dimensional Fund Advisors LP boosted its holdings in shares of Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after buying an additional 363,736 shares in the last quarter. Finally, MN Wealth Advisors LLC bought a new position in shares of Campbell Soup during the 3rd quarter worth approximately $940,000. 52.35% of the stock is owned by institutional investors.

Campbell Soup Stock Up 0.1 %

CPB opened at $46.99 on Friday. The business’s 50-day simple moving average is $49.44 and its 200-day simple moving average is $46.86. Campbell Soup has a one year low of $39.63 and a one year high of $52.81. The stock has a market capitalization of $14.03 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.83 and a beta of 0.18. 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 results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate 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 return on equity of 24.08% and a net margin of 5.88%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $0.50 EPS. Analysts anticipate that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, October 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, October 3rd. Campbell Soup’s payout ratio is 59.92%.

Analyst Ratings Changes

Several brokerages have weighed in on CPB. 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. Barclays upped their target price on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday, September 12th. TD Cowen raised 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. Wells Fargo & Company upped their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price on shares of Campbell Soup in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.83.

Campbell Soup Company Profile

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.