Swiss National Bank Boosts Stake in Campbell Soup (NASDAQ:CPB)

Swiss National Bank increased its position in Campbell Soup (NASDAQ:CPB) by 0.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 573,700 shares of the company’s stock after acquiring an additional 400 shares during the period. Swiss National Bank owned approximately 0.19% of Campbell Soup worth $28,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&G Plc acquired a new stake in Campbell Soup during the second quarter valued at $469,000. Swedbank AB acquired a new stake in shares of Campbell Soup in the first quarter valued at about $11,405,000. Dimensional Fund Advisors LP lifted its stake in shares of Campbell Soup by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after buying an additional 363,736 shares in the last quarter. MN Wealth Advisors LLC purchased a new stake in shares of Campbell Soup in the third quarter valued at approximately $940,000. Finally, MBB Public Markets I LLC acquired a new stake in shares of Campbell Soup in the second quarter valued at approximately $669,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Performance

NASDAQ CPB opened at $43.81 on Thursday. 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 1-year low of $39.65 and a 1-year high of $52.81. The business’s 50-day simple moving average is $47.52 and its 200-day simple moving average is $47.02. The firm has a market capitalization of $13.04 billion, a P/E ratio of 23.18, a P/E/G ratio of 2.57 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. Equities analysts predict that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s payout ratio is 78.31%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CPB. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. boosted their price objective on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. DA Davidson downgraded shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research report on Friday, September 27th. TD Cowen boosted their price target on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, September 12th. Finally, Barclays increased their price target on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.58.

About Campbell Soup

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.