Lbp Am Sa Decreases Stock Position in Campbell Soup (NYSE:CPB)

Lbp Am Sa decreased its position in shares of Campbell Soup (NYSE:CPB) by 76.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,527 shares of the company’s stock after selling 156,365 shares during the period. Lbp Am Sa’s holdings in Campbell Soup were worth $2,113,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in shares of Campbell Soup during the first quarter worth about $28,000. Jones Financial Companies Lllp acquired a new stake in Campbell Soup during the 4th quarter valued at approximately $31,000. Larson Financial Group LLC increased its holdings in Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after purchasing an additional 865 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Campbell Soup by 79.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after purchasing an additional 449 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in shares of Campbell Soup during the 1st quarter valued at approximately $86,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Performance

CPB stock traded up $1.03 during trading on Thursday, reaching $47.89. 2,552,286 shares of the company’s stock were exchanged, compared to its average volume of 2,653,277. The firm has a market cap of $14.30 billion, a PE ratio of 18.97, a P/E/G ratio of 3.03 and a beta of 0.16. 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 has a 1-year low of $37.94 and a 1-year high of $48.63. The company’s fifty day moving average price is $45.11 and its 200-day moving average price is $44.27.

Campbell Soup (NYSE:CPB) last announced its earnings results 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. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. Campbell Soup’s revenue was up 6.3% compared to the same quarter last year. On average, research analysts expect that Campbell Soup will post 3.08 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Wednesday, July 3rd were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $1.48 annualized dividend and a yield of 3.09%. Campbell Soup’s payout ratio is 59.92%.

Wall Street Analyst Weigh In

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

Campbell Soup Profile

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.