Sequoia Financial Advisors LLC Sells 6,067 Shares of Campbell Soup (NASDAQ:CPB)

Sequoia Financial Advisors LLC decreased its holdings in Campbell Soup (NASDAQ:CPB) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,138 shares of the company’s stock after selling 6,067 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Campbell Soup were worth $3,676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mather Group LLC. bought a new stake in shares of Campbell Soup during the first quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Campbell Soup during the second quarter valued at $32,000. nVerses Capital LLC bought a new position in Campbell Soup in the third quarter valued at about $34,000. Larson Financial Group LLC increased its position in Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after purchasing an additional 865 shares during the period. Finally, TruNorth Capital Management LLC bought a new stake in Campbell Soup during the 2nd quarter worth about $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Shares of NASDAQ CPB opened at $46.96 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. The stock has a 50 day moving average price of $49.48 and a 200 day moving average price of $46.86. The stock has a market capitalization of $14.02 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 2.83 and a beta of 0.18. Campbell Soup has a 52 week low of $39.54 and a 52 week high of $52.81.

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

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders 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 annualized dividend and a dividend yield of 3.15%. Campbell Soup’s dividend payout ratio is presently 59.92%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CPB. TD Cowen raised their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and upped their target price for the company from $55.00 to $58.00 in a research report on Monday, October 7th. JPMorgan Chase & Co. raised their price target on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company upped their price objective on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup currently has a consensus rating of “Hold” and an average price target of $50.83.

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.