First Trust Advisors LP Raises Position in Campbell Soup (NYSE:CPB)

First Trust Advisors LP lifted its stake in shares of Campbell Soup (NYSE:CPBFree Report) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 661,401 shares of the company’s stock after acquiring an additional 40,504 shares during the quarter. First Trust Advisors LP owned 0.22% of Campbell Soup worth $28,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Royal London Asset Management Ltd. raised its holdings in shares of Campbell Soup by 17.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 107,014 shares of the company’s stock valued at $4,626,000 after purchasing an additional 15,824 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Campbell Soup during the 4th quarter worth about $31,000. KBC Group NV lifted its stake in Campbell Soup by 48.1% during the fourth quarter. KBC Group NV now owns 655,227 shares of the company’s stock worth $28,325,000 after purchasing an additional 212,742 shares during the last quarter. Scotia Capital Inc. boosted its holdings in Campbell Soup by 0.9% in the fourth quarter. Scotia Capital Inc. now owns 43,659 shares of the company’s stock valued at $1,887,000 after purchasing an additional 409 shares in the last quarter. Finally, Chiron Capital Management LLC purchased a new position in Campbell Soup in the fourth quarter valued at approximately $216,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Down 0.9 %

Shares of NYSE:CPB opened at $42.46 on Tuesday. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 2.65 and a beta of 0.19. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $46.97. The firm’s 50-day simple moving average is $44.62 and its 200-day simple moving average is $43.62. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47.

Campbell Soup (NYSE:CPBGet Free Report) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Campbell Soup will post 3.08 earnings per share for the current year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.48 annualized dividend and a yield of 3.49%. Campbell Soup’s payout ratio is currently 59.92%.

Analyst Ratings Changes

CPB has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a report on Friday. Citigroup boosted their target price on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a report on Thursday, May 23rd. Wells Fargo & Company raised their price target on Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Sanford C. Bernstein upgraded Campbell Soup from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.31.

Read Our Latest Research Report on CPB

Campbell Soup Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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