Campbell Soup (NASDAQ:CPB) Shares Sold by Fiera Capital Corp

Fiera Capital Corp decreased its position in shares of Campbell Soup (NASDAQ:CPB) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,629 shares of the company’s stock after selling 231 shares during the quarter. Fiera Capital Corp’s holdings in Campbell Soup were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp grew 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 buying an additional 161,392 shares during the period. Dimensional Fund Advisors LP increased its position in Campbell Soup by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after purchasing an additional 363,736 shares during the last quarter. LSV Asset Management raised its stake in Campbell Soup by 5,022.5% during the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock worth $110,187,000 after purchasing an additional 2,390,700 shares during the period. Armistice Capital LLC boosted its holdings in shares of Campbell Soup by 94.0% in the 2nd quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock valued at $48,259,000 after purchasing an additional 517,550 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Campbell Soup by 15.5% during the 2nd quarter. TD Asset Management Inc now owns 986,109 shares of the company’s stock valued at $44,562,000 after buying an additional 132,453 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analysts Set New Price Targets

CPB has been the topic of several research reports. TD Cowen increased their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Wells Fargo & Company raised their price objective on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their target price on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 target price on shares of Campbell Soup in a research report on Tuesday, August 27th. Finally, StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.83.

Campbell Soup Price Performance

Shares of CPB stock opened at $45.59 on Monday. Campbell Soup has a twelve month low of $39.65 and a twelve month high of $52.81. The company has a market capitalization of $13.57 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.76 and a beta of 0.19. 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 firm has a fifty day simple moving average of $48.65 and a 200-day simple moving average of $47.10.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share 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 during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the company posted $0.50 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities research analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.25%. Campbell Soup’s dividend payout ratio is presently 78.31%.

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.