Campbell Soup (NASDAQ:CPB) Shares Sold by Commerce Bank

Commerce Bank trimmed its stake in Campbell Soup (NASDAQ:CPB) by 7.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,586 shares of the company’s stock after selling 472 shares during the quarter. Commerce Bank’s holdings in Campbell Soup were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. M&G Plc purchased a new position in shares of Campbell Soup during the second quarter valued at $469,000. Swedbank AB purchased a new position in shares of Campbell Soup during the first quarter valued at $11,405,000. Dimensional Fund Advisors LP grew its holdings 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 valued at $129,971,000 after buying an additional 363,736 shares in the last quarter. MN Wealth Advisors LLC purchased a new position in shares of Campbell Soup during the third quarter valued at $940,000. Finally, MBB Public Markets I LLC purchased a new position in shares of Campbell Soup during the second quarter valued at $669,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Price Performance

NASDAQ CPB opened at $46.07 on Thursday. Campbell Soup has a twelve month low of $39.65 and a twelve month 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 stock has a market capitalization of $13.71 billion, a PE ratio of 24.66, a P/E/G ratio of 2.64 and a beta of 0.19. The stock has a 50-day simple moving average of $47.09 and a 200 day simple moving average of $47.04.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the firm earned $0.50 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. Research analysts anticipate that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were paid 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 yield of 3.21%. Campbell Soup’s dividend payout ratio is 78.31%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Sanford C. Bernstein raised Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Barclays lifted their price objective on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday, September 12th. StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. 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. Finally, JPMorgan Chase & Co. lifted their price objective on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and an average price target of $51.58.

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.