Campbell Soup (NASDAQ:CPB) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. cut its holdings in shares of Campbell Soup (NASDAQ:CPB) by 17.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,528 shares of the company’s stock after selling 9,144 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Campbell Soup were worth $2,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in Campbell Soup by 1.9% in the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock valued at $393,603,000 after purchasing an additional 161,392 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after acquiring an additional 363,736 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Campbell Soup by 5,022.5% in the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock worth $110,187,000 after acquiring an additional 2,390,700 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Campbell Soup by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company’s stock worth $86,375,000 after acquiring an additional 12,822 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Campbell Soup by 88.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after acquiring an additional 558,944 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Trading Up 0.3 %

Shares of NASDAQ:CPB opened at $46.20 on Friday. Campbell Soup has a 52 week low of $39.65 and a 52 week high of $52.81. The company’s 50 day moving average is $46.80 and its two-hundred day moving average is $47.03. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The company has a market cap of $13.75 billion, a PE ratio of 24.44, a P/E/G ratio of 2.65 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities analysts predict 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 was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s dividend payout ratio is presently 78.31%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price objective on shares of Campbell Soup in a report on Tuesday, August 27th. Royal Bank of Canada upped their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a report on Friday, September 13th. Wells Fargo & Company upped their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Finally, TD Cowen upped their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.58.

Campbell Soup Company 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.