Farther Finance Advisors LLC Grows Stock Holdings in Campbell Soup (NASDAQ:CPB)

Farther Finance Advisors LLC lifted its holdings in Campbell Soup (NASDAQ:CPB) by 45.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,776 shares of the company’s stock after acquiring an additional 552 shares during the quarter. Farther Finance Advisors LLC’s holdings in Campbell Soup were worth $87,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in shares of Campbell Soup by 1.9% in the second quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock worth $393,603,000 after purchasing an additional 161,392 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 increased its position in shares of Campbell Soup by 5,022.5% in the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after acquiring an additional 2,390,700 shares during the period. Armistice Capital LLC raised its stake in shares of Campbell Soup by 94.0% during the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock valued at $48,259,000 after acquiring an additional 517,550 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Campbell Soup by 15.5% during the second quarter. TD Asset Management Inc now owns 986,109 shares of the company’s stock worth $44,562,000 after purchasing an additional 132,453 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on CPB shares. DA Davidson lowered Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research report on Friday, September 27th. TD Cowen raised their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Royal Bank of Canada lifted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Friday, September 20th. Finally, Wells Fargo & Company lifted their target price on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.83.

Campbell Soup Trading Down 1.2 %

NASDAQ:CPB opened at $44.24 on Wednesday. The firm has a market capitalization of $13.17 billion, a P/E ratio of 23.41, a PEG ratio of 2.72 and a beta of 0.19. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. Campbell Soup has a one year low of $39.65 and a one year high of $52.81. The company’s 50-day simple moving average is $48.41 and its 200 day simple moving average is $47.10.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the business posted $0.50 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts forecast that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s payout ratio is 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.