Steward Partners Investment Advisory LLC Decreases Position in Campbell Soup (NYSE:CPB)

Steward Partners Investment Advisory LLC decreased its stake in Campbell Soup (NYSE:CPBFree Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,712 shares of the company’s stock after selling 472 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Campbell Soup were worth $420,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CPB. Van ECK Associates Corp boosted its stake in Campbell Soup by 97.2% during the fourth quarter. Van ECK Associates Corp now owns 7,329,256 shares of the company’s stock worth $316,844,000 after buying an additional 3,613,495 shares during the period. Norges Bank bought a new position in Campbell Soup during the 4th quarter valued at about $125,689,000. Deutsche Bank AG raised its position in Campbell Soup by 62.3% in the 3rd quarter. Deutsche Bank AG now owns 1,453,612 shares of the company’s stock worth $59,714,000 after purchasing an additional 557,948 shares during the period. Invesco Ltd. lifted its stake in Campbell Soup by 6.8% in the third quarter. Invesco Ltd. now owns 5,035,674 shares of the company’s stock worth $206,865,000 after purchasing an additional 318,983 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of Campbell Soup by 116.4% during the fourth quarter. UBS Group AG now owns 463,602 shares of the company’s stock valued at $20,042,000 after buying an additional 249,326 shares during the period. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

CPB stock opened at $42.86 on Friday. The firm has a 50-day simple moving average of $44.67 and a two-hundred day simple moving average of $43.57. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. Campbell Soup has a one year low of $37.94 and a one year high of $46.97. The firm has a market cap of $12.78 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 2.83 and a beta of 0.19.

Campbell Soup (NYSE:CPBGet Free Report) last posted its earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. Campbell Soup had a net margin of 7.85% and a return on equity of 23.50%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. Campbell Soup’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts forecast that Campbell Soup will post 3.09 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.48 annualized dividend and a yield of 3.45%. Campbell Soup’s dividend payout ratio (DPR) is 59.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CPB shares. JPMorgan Chase & Co. raised their price target on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. Wells Fargo & Company raised their price target on shares of Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Friday. Citigroup boosted their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Campbell Soup presently has a consensus rating of “Hold” and a consensus target price of $46.41.

Read Our Latest Stock Analysis on CPB

Campbell Soup Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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