Mercer Global Advisors Inc. ADV Buys 1,095 Shares of Campbell Soup (NYSE:CPB)

Mercer Global Advisors Inc. ADV increased its stake in shares of Campbell Soup (NYSE:CPB – Get Rating) by 19.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,789 shares of the company’s stock after purchasing an additional 1,095 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Campbell Soup were worth $385,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CPB. Wesbanco Bank Inc. boosted its holdings in Campbell Soup by 3.8% during the 4th quarter. Wesbanco Bank Inc. now owns 5,444 shares of the company’s stock valued at $309,000 after acquiring an additional 200 shares during the period. Vantage Consulting Group Inc lifted its holdings in shares of Campbell Soup by 4.7% in the 3rd quarter. Vantage Consulting Group Inc now owns 4,880 shares of the company’s stock worth $230,000 after buying an additional 220 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Campbell Soup by 0.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 28,047 shares of the company’s stock worth $1,322,000 after buying an additional 240 shares during the period. Ameritas Advisory Services LLC lifted its holdings in shares of Campbell Soup by 3.3% in the 3rd quarter. Ameritas Advisory Services LLC now owns 7,945 shares of the company’s stock worth $374,000 after buying an additional 257 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Campbell Soup by 6.6% in the 4th quarter. Van ECK Associates Corp now owns 4,220 shares of the company’s stock worth $239,000 after buying an additional 261 shares during the period. Institutional investors own 50.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CPB shares. Stifel Nicolaus started coverage on Campbell Soup in a report on Thursday, April 13th. They issued a “hold” rating and a $55.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their price target on Campbell Soup from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, March 20th. JPMorgan Chase & Co. boosted their price target on Campbell Soup from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, March 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $50.00 price target on shares of Campbell Soup in a research report on Thursday, March 9th. Finally, Credit Suisse Group boosted their price target on Campbell Soup from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, March 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.92.

Campbell Soup Trading Up 0.5 %

Campbell Soup stock opened at $51.87 on Wednesday. Campbell Soup has a one year low of $44.37 and a one year high of $57.78. The stock has a market cap of $15.53 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 4.44 and a beta of 0.34. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.31 and a current ratio of 0.77. The stock has a 50-day moving average of $54.34 and a two-hundred day moving average of $53.72.

Campbell Soup (NYSE:CPB – Get Rating) last announced its quarterly earnings data on Wednesday, March 8th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.06. Campbell Soup had a return on equity of 26.97% and a net margin of 8.86%. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, research analysts anticipate that Campbell Soup will post 3.01 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.85%. Campbell Soup’s payout ratio is 54.82%.

Campbell Soup Company Profile

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Campbell Soup Co engages in the business of manufacturing and marketing food and beverage products. It operates under the Meals and Beverages, and Snacks segments. The Meals and Beverages segment includes soup, meals, and beverage products in retail and foodservice. The Snacks segment offers cookies, crackers, bakery, and frozen products.