Nisa Investment Advisors LLC Acquires 3,189 Shares of Campbell Soup (NYSE:CPB)

Nisa Investment Advisors LLC raised its holdings in Campbell Soup (NYSE:CPB) by 10.2% in the 4th quarter, HoldingsChannel reports. The firm owned 34,350 shares of the company’s stock after purchasing an additional 3,189 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Campbell Soup were worth $1,485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in shares of Campbell Soup by 149.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock valued at $27,000 after buying an additional 358 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in shares of Campbell Soup by 165.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after buying an additional 406 shares during the period. ING Groep NV acquired a new stake in shares of Campbell Soup in the 3rd quarter valued at $33,000. Allworth Financial LP increased its stake in shares of Campbell Soup by 110.0% in the 3rd quarter. Allworth Financial LP now owns 819 shares of the company’s stock valued at $34,000 after buying an additional 429 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Campbell Soup by 176.2% in the 3rd quarter. IFP Advisors Inc now owns 1,019 shares of the company’s stock valued at $42,000 after buying an additional 650 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Price Performance

NYSE CPB opened at $42.31 on Monday. The business has a 50 day simple moving average of $42.97 and a 200 day simple moving average of $42.30. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $55.52. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. The stock has a market cap of $12.61 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 2.77 and a beta of 0.24.

Campbell Soup (NYSE:CPB) last posted its earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the business earned $0.80 EPS. Campbell Soup’s revenue for the quarter was down 1.2% compared to the same quarter last year. Analysts anticipate that Campbell Soup will post 3.05 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Wednesday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is currently 57.81%.

Wall Street Analyst Weigh In

CPB has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Royal Bank of Canada restated a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a report on Thursday, March 14th. DA Davidson started coverage on Campbell Soup in a research note on Friday, March 1st. They issued a “buy” rating and a $48.00 price target for the company. TheStreet raised Campbell Soup from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Finally, Evercore ISI started coverage on Campbell Soup in a research note on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price target for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Campbell Soup has a consensus rating of “Hold” and a consensus price target of $46.38.

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.