Brandes Investment Partners LP Purchases 3,550 Shares of Campbell Soup (NASDAQ:CPB)

Brandes Investment Partners LP lifted its position in Campbell Soup (NASDAQ:CPB) by 38.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,695 shares of the company’s stock after purchasing an additional 3,550 shares during the quarter. Brandes Investment Partners LP’s holdings in Campbell Soup were worth $574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Campbell Soup by 1.9% during the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock worth $393,603,000 after buying an additional 161,392 shares during the period. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 363,736 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Campbell Soup by 5,022.5% during 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. Nordea Investment Management AB boosted its stake in shares of Campbell Soup by 7.3% in the 1st quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company’s stock valued at $55,554,000 after purchasing an additional 85,099 shares in the last quarter. Finally, Armistice Capital LLC grew 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 worth $48,259,000 after purchasing an additional 517,550 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Campbell Soup Stock Performance

Campbell Soup stock opened at $48.92 on Tuesday. The company has a market cap of $14.61 billion, a PE ratio of 19.81, a PEG ratio of 3.02 and a beta of 0.18. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $52.81. The company’s 50-day moving average is $49.48 and its two-hundred day moving average is $46.34.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the business posted $0.50 earnings per share. Campbell Soup’s revenue was up 10.9% compared to the same quarter last year. Equities analysts anticipate that Campbell Soup will post 3.18 earnings per share for the current year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors 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 3.03%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Analyst Ratings Changes

A number of equities analysts have commented on CPB shares. Royal Bank of Canada boosted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. StockNews.com upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. raised their price target on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. DA Davidson lowered Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research note on Friday. Finally, TD Cowen raised their target price on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.85.

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.