Valeo Financial Advisors LLC Lowers Stock Position in Campbell Soup (NASDAQ:CPB)

Valeo Financial Advisors LLC trimmed its position in Campbell Soup (NASDAQ:CPB) by 5.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 8,189 shares of the company’s stock after selling 506 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Campbell Soup were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPB. V Square Quantitative Management LLC increased its stake in shares of Campbell Soup by 12.2% in the fourth quarter. V Square Quantitative Management LLC now owns 7,427 shares of the company’s stock worth $321,000 after purchasing an additional 806 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Campbell Soup by 27.1% in the 4th quarter. Wellington Management Group LLP now owns 43,619 shares of the company’s stock worth $1,886,000 after buying an additional 9,306 shares during the period. Fisher Asset Management LLC increased its stake in Campbell Soup by 9.6% in the 4th quarter. Fisher Asset Management LLC now owns 85,144 shares of the company’s stock worth $3,681,000 after buying an additional 7,479 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Campbell Soup during the fourth quarter valued at about $1,045,000. Finally, HighPoint Advisor Group LLC purchased a new position in shares of Campbell Soup in the fourth quarter valued at about $906,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Up 1.5 %

Shares of CPB opened at $48.10 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The business has a fifty day moving average of $49.63 and a 200 day moving average of $46.66. The company has a market cap of $14.36 billion, a PE ratio of 19.47, a P/E/G ratio of 2.83 and a beta of 0.18. Campbell Soup has a 52-week low of $39.48 and a 52-week high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business earned $0.50 EPS. On average, sell-side analysts expect that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.08%. Campbell Soup’s dividend payout ratio is 59.92%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CPB. Wells Fargo & Company lifted their target price on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $55.00 to $58.00 in a research report on Monday, October 7th. TD Cowen boosted their price target 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. Finally, Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.83.

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.