Sumitomo Mitsui DS Asset Management Company Ltd Sells 731 Shares of Campbell Soup (NASDAQ:CPB)

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in shares of Campbell Soup (NASDAQ:CPBFree Report) by 3.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 21,488 shares of the company’s stock after selling 731 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Campbell Soup were worth $1,051,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. M&G Plc bought a new stake in Campbell Soup during the second quarter valued at about $469,000. Envestnet Portfolio Solutions Inc. bought a new stake in Campbell Soup during the 1st quarter valued at approximately $672,000. Swedbank AB bought a new stake in Campbell Soup during the 1st quarter valued at approximately $11,405,000. Dimensional Fund Advisors LP grew its holdings in Campbell Soup by 14.5% in the 2nd 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 during the last quarter. Finally, AMF Tjanstepension AB acquired a new position in shares of Campbell Soup during the first quarter worth approximately $30,128,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of CPB stock opened at $47.36 on Wednesday. The stock’s fifty day simple moving average is $49.53 and its 200 day simple moving average is $46.86. Campbell Soup has a one year low of $39.48 and a one year high of $52.81. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 2.83 and a beta of 0.18. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22.

Campbell Soup (NASDAQ:CPBGet Free Report) last issued its earnings results 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 company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts expect that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, October 3rd. Campbell Soup’s payout ratio is 59.92%.

Wall Street Analyst Weigh In

CPB has been the topic of several research analyst reports. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Friday, September 20th. Barclays raised 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. TD Cowen lifted their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Finally, Wells Fargo & Company upped their price target on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $50.83.

Read Our Latest Stock Report on Campbell Soup

Campbell Soup 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.

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

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