Mission Wealth Management LP Sells 4,227 Shares of Campbell Soup (NYSE:CPB)

Mission Wealth Management LP reduced its stake in Campbell Soup (NYSE:CPB) by 29.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,225 shares of the company’s stock after selling 4,227 shares during the period. Mission Wealth Management LP’s holdings in Campbell Soup were worth $455,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CPB. Envestnet Asset Management Inc. raised its stake in Campbell Soup by 0.4% in the third quarter. Envestnet Asset Management Inc. now owns 108,058 shares of the company’s stock worth $4,439,000 after buying an additional 443 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Campbell Soup by 0.4% during the third quarter. Stifel Financial Corp now owns 63,321 shares of the company’s stock valued at $2,601,000 after purchasing an additional 261 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Campbell Soup by 31.1% during the third quarter. Tower Research Capital LLC TRC now owns 9,876 shares of the company’s stock valued at $406,000 after purchasing an additional 2,343 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Campbell Soup by 19.7% during the third quarter. Advisors Asset Management Inc. now owns 12,597 shares of the company’s stock valued at $517,000 after purchasing an additional 2,076 shares in the last quarter. Finally, Lido Advisors LLC increased its stake in shares of Campbell Soup by 26.7% during the third quarter. Lido Advisors LLC now owns 6,194 shares of the company’s stock valued at $254,000 after purchasing an additional 1,304 shares in the last quarter. 52.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CPB shares. DA Davidson raised their target price on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and raised their target price for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a research note on Friday, June 7th. Citigroup raised their target price on shares of Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research note on Thursday, May 23rd. Finally, StockNews.com downgraded shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Campbell Soup has an average rating of “Hold” and an average price target of $46.56.

Campbell Soup Stock Performance

CPB stock traded up $0.11 on Friday, hitting $45.12. The company had a trading volume of 2,609,575 shares, compared to its average volume of 2,779,504. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $46.97. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47. The stock’s 50-day simple moving average is $44.90 and its 200 day simple moving average is $43.91. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 2.86 and a beta of 0.16.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.05. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS. As a group, equities research analysts expect that Campbell Soup will post 3.08 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, July 29th. Stockholders 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 dividend yield of 3.28%. Campbell Soup’s payout ratio is 59.92%.

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.