Lbp Am Sa decreased its position in shares of Campbell Soup (NYSE:CPB – Free Report) 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 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.
Get Our Latest Stock Report on Campbell Soup
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.
Featured Stories
- Five stocks we like better than Campbell Soup
- What is a SEC Filing?
- First Solar Stock: The Dawn of a New Rally in Share Prices
- Market Cap Calculator: How to Calculate Market Cap
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- How to Capture the Benefits of Dividend Increases
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Campbell Soup (NYSE:CPB – Free Report).
Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.