Campbell Soup (NASDAQ:CPB) Stake Lowered by Amalgamated Bank

Amalgamated Bank cut its holdings in Campbell Soup (NASDAQ:CPB) by 33.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,473 shares of the company’s stock after selling 19,412 shares during the period. Amalgamated Bank’s holdings in Campbell Soup were worth $1,882,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Blair William & Co. IL boosted its holdings in Campbell Soup by 0.5% in the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after purchasing an additional 218 shares in the last quarter. Brown Lisle Cummings Inc. boosted its holdings in Campbell Soup by 1.3% in the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock worth $986,000 after purchasing an additional 254 shares in the last quarter. Diversified Trust Co boosted its holdings in Campbell Soup by 0.3% in the third quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock worth $4,297,000 after purchasing an additional 283 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Campbell Soup by 4.0% in the third quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock worth $369,000 after purchasing an additional 287 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Campbell Soup by 7.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock worth $207,000 after purchasing an additional 290 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Price Performance

NASDAQ:CPB opened at $44.24 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The firm has a market cap of $13.17 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 2.72 and a beta of 0.19. Campbell Soup has a 12 month low of $39.65 and a 12 month high of $52.81. The company’s 50-day moving average price is $48.41 and its two-hundred day moving average price is $47.10.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. On average, equities analysts anticipate that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders 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 dividend yield of 3.35%. Campbell Soup’s dividend payout ratio (DPR) is currently 78.31%.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of recent research reports. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Friday, September 20th. DA Davidson lowered shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Friday, September 27th. Royal Bank of Canada upped their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. Finally, Wells Fargo & Company lifted their price objective on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.83.

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.