Campbell Soup (NASDAQ:CPB) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its holdings in Campbell Soup (NASDAQ:CPB) by 4.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,596 shares of the company’s stock after selling 366 shares during the period. Wealth Enhancement Advisory Services 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 added to or reduced their stakes in CPB. M&G Plc acquired a new position in shares of Campbell Soup during the second quarter worth about $469,000. Envestnet Portfolio Solutions Inc. acquired a new position in Campbell Soup during the 1st quarter worth approximately $672,000. Swedbank AB purchased a new stake in shares of Campbell Soup in the 1st quarter valued at approximately $11,405,000. Dimensional Fund Advisors LP raised its holdings in shares of Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after purchasing an additional 363,736 shares in the last quarter. Finally, MN Wealth Advisors LLC acquired a new position in shares of Campbell Soup during the third quarter worth $940,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Stock Up 1.0 %

CPB opened at $45.59 on Friday. Campbell Soup has a 52 week low of $39.65 and a 52 week high of $52.81. The business has a 50 day moving average price of $48.65 and a two-hundred day moving average price of $47.09. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The company has a market cap of $13.57 billion, a PE ratio of 24.12, a P/E/G ratio of 2.76 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm 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 company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. As a group, research analysts anticipate that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a $0.37 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. Campbell Soup’s payout ratio is currently 78.31%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CPB shares. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Friday, September 20th. TD Cowen upped their price target on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, September 12th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a report on Tuesday, August 27th. Royal Bank of Canada upped their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Finally, StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.83.

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.