Creekmur Asset Management LLC Has $39,000 Stock Position in Campbell Soup (NYSE:CPB)

Creekmur Asset Management LLC reduced its stake in Campbell Soup (NYSE:CPB) by 69.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 884 shares of the company’s stock after selling 1,992 shares during the period. Creekmur Asset Management LLC’s holdings in Campbell Soup were worth $39,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empirical Finance LLC raised its stake in shares of Campbell Soup by 3.6% in the 1st quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock valued at $307,000 after purchasing an additional 239 shares during the period. North Star Investment Management Corp. raised its stake in shares of Campbell Soup by 2.1% in the 1st quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock valued at $549,000 after purchasing an additional 260 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of Campbell Soup by 4.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock valued at $303,000 after purchasing an additional 286 shares during the period. Essex Financial Services Inc. increased its position in shares of Campbell Soup by 5.5% in the first quarter. Essex Financial Services Inc. now owns 5,607 shares of the company’s stock valued at $249,000 after acquiring an additional 292 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in shares of Campbell Soup by 1.1% in the first quarter. Yousif Capital Management LLC now owns 29,468 shares of the company’s stock valued at $1,310,000 after acquiring an additional 327 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Price Performance

Shares of CPB traded up $0.45 during mid-day trading on Thursday, reaching $47.31. The company had a trading volume of 411,754 shares, compared to its average volume of 2,638,185. The company’s 50 day simple moving average is $45.11 and its 200 day simple moving average is $44.27. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $48.63. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.24 and a current ratio of 0.62. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 3.03 and a beta of 0.16.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. Analysts expect that Campbell Soup will post 3.08 EPS for the current year.

Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Wednesday, July 3rd were issued a $0.37 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.13%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $45.00 to $52.00 in a research report on Wednesday, June 26th. StockNews.com downgraded Campbell Soup from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. DA Davidson lifted their target price on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Wells Fargo & Company boosted their price target on Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, June 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a research report on Friday, June 7th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.56.

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.