Marshall Wace LLP Cuts Stock Holdings in Campbell Soup (NASDAQ:CPB)

Marshall Wace LLP lessened its holdings in Campbell Soup (NASDAQ:CPB) by 26.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,099 shares of the company’s stock after selling 38,306 shares during the quarter. Marshall Wace LLP’s holdings in Campbell Soup were worth $4,885,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPB. Van ECK Associates Corp increased its holdings in shares of Campbell Soup by 1.9% in the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock valued at $393,603,000 after purchasing an additional 161,392 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Campbell Soup by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after buying an additional 363,736 shares in the last quarter. LSV Asset Management lifted its position in shares of Campbell Soup by 5,022.5% during the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after acquiring an additional 2,390,700 shares during the period. Nordea Investment Management AB lifted its position in shares of Campbell Soup by 7.3% during the 1st quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company’s stock valued at $55,554,000 after acquiring an additional 85,099 shares during the period. Finally, TD Asset Management Inc boosted its stake in shares of Campbell Soup by 15.5% during the 2nd quarter. TD Asset Management Inc now owns 986,109 shares of the company’s stock worth $44,562,000 after acquiring an additional 132,453 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays lifted their price objective on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Thursday, September 12th. Wells Fargo & Company boosted their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. DA Davidson downgraded shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a report on Friday, September 27th. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Friday, September 20th. Finally, Royal Bank of Canada raised their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.85.

Campbell Soup Price Performance

Shares of NASDAQ:CPB opened at $48.36 on Wednesday. The company has a market cap of $14.44 billion, a P/E ratio of 19.58, a P/E/G ratio of 3.02 and a beta of 0.18. The business has a fifty day simple moving average of $49.54 and a 200-day simple moving average of $46.39. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $52.81. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results 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 analysts’ expectations 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 was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS. Equities research analysts forecast that Campbell Soup will post 3.18 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be issued a $0.37 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.06%. Campbell Soup’s dividend payout ratio (DPR) is presently 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.