Axa S.A. Has $2.01 Million Stock Holdings in Campbell Soup (NASDAQ:CPB)

Axa S.A. decreased its position in shares of Campbell Soup (NASDAQ:CPB) by 19.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,508 shares of the company’s stock after selling 10,913 shares during the period. Axa S.A.’s holdings in Campbell Soup were worth $2,011,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. M&G Plc acquired a new stake in shares of Campbell Soup during the 2nd quarter valued at about $469,000. Lingohr Asset Management GmbH acquired a new stake in Campbell Soup in the fourth quarter valued at approximately $627,000. First Trust Advisors LP lifted its stake in Campbell Soup by 6.5% in the fourth quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock valued at $28,592,000 after acquiring an additional 40,504 shares during the last quarter. Stephens Inc. AR bought a new stake in Campbell Soup in the fourth quarter worth approximately $1,211,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Campbell Soup during the 4th quarter worth $1,045,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analysts Set New Price Targets

CPB has been the subject of a number of recent research reports. TD Cowen upped their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Wells Fargo & Company upped their price target on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Royal Bank of Canada raised their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. DA Davidson cut Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a research report on Friday. Finally, JPMorgan Chase & Co. increased 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. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Campbell Soup presently has an average rating of “Hold” and a consensus price target of $49.85.

Campbell Soup Price Performance

NASDAQ:CPB opened at $48.92 on Tuesday. 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 $37.94 and a one year high of $52.81. The company has a fifty day moving average price of $49.48 and a 200 day moving average price of $46.34. The stock has a market cap of $14.61 billion, a P/E ratio of 19.81, a PEG ratio of 3.02 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Analysts anticipate that Campbell Soup will post 3.18 earnings per share for the current year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, October 3rd will be given a $0.37 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.03%. Campbell Soup’s dividend payout ratio (DPR) is currently 59.92%.

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.