Raymond James Trust N.A. Purchases 2,809 Shares of Campbell Soup (NASDAQ:CPB)

Raymond James Trust N.A. boosted its position in shares of Campbell Soup (NASDAQ:CPB) by 43.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,228 shares of the company’s stock after purchasing an additional 2,809 shares during the quarter. Raymond James Trust N.A.’s holdings in Campbell Soup were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CPB. LSV Asset Management raised its stake in shares of Campbell Soup by 5,022.5% during the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock worth $110,187,000 after buying an additional 2,390,700 shares during the last quarter. Wulff Hansen & CO. grew its holdings in Campbell Soup by 4,419.0% during the 2nd quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock worth $33,103,000 after acquiring an additional 716,320 shares during the period. Victory Capital Management Inc. raised its position in shares of Campbell Soup by 88.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock valued at $58,342,000 after acquiring an additional 558,944 shares during the last quarter. Armistice Capital LLC boosted its position in shares of Campbell Soup by 94.0% in the 2nd quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock worth $48,259,000 after purchasing an additional 517,550 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Campbell Soup by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after purchasing an additional 363,736 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

CPB opened at $46.60 on Wednesday. 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 company has a market capitalization of $13.87 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 2.60 and a beta of 0.19. The business’s 50-day moving average price is $47.19 and its two-hundred day moving average price is $47.03. Campbell Soup has a 1 year low of $39.65 and a 1 year high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its 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 firm had revenue of $2.29 billion for 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 business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. Equities analysts expect that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is currently 78.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CPB shares. Barclays increased their target price on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Thursday, September 12th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 target price on shares of Campbell Soup in a research note on Tuesday, August 27th. Wells Fargo & Company lifted their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Finally, TD Cowen upped their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.58.

Campbell Soup 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.