Charles Schwab Investment Management Inc. Purchases 12,822 Shares of Campbell Soup (NASDAQ:CPB)

Charles Schwab Investment Management Inc. raised its holdings in shares of Campbell Soup (NASDAQ:CPB) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,765,632 shares of the company’s stock after buying an additional 12,822 shares during the period. Charles Schwab Investment Management Inc. owned about 0.59% of Campbell Soup worth $86,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CPB. Van ECK Associates Corp lifted its holdings in Campbell Soup by 1.9% during the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock valued at $393,603,000 after buying an additional 161,392 shares in the last quarter. Dimensional Fund Advisors LP raised 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 valued at $129,971,000 after acquiring an additional 363,736 shares in the last quarter. 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 valued at $110,187,000 after acquiring an additional 2,390,700 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Campbell Soup by 88.2% in the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock valued at $58,342,000 after purchasing an additional 558,944 shares during the period. Finally, Armistice Capital LLC grew its stake in Campbell Soup by 94.0% in the second 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 in the last quarter. Institutional investors own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CPB shares. TD Cowen upped their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Friday, September 20th. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Barclays upped their price target on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research report on Thursday, September 12th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $51.58.

Campbell Soup Trading Down 1.1 %

Campbell Soup stock opened at $46.07 on Thursday. 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 has a one year low of $39.65 and a one year high of $52.81. The stock has a market cap of $13.71 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.64 and a beta of 0.19. The stock has a 50-day moving average of $47.09 and a two-hundred day moving average of $47.04.

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

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s dividend payout ratio is currently 78.31%.

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.