Mutual of America Capital Management LLC Sells 557 Shares of Campbell Soup (NASDAQ:CPB)

Mutual of America Capital Management LLC trimmed its stake in shares of Campbell Soup (NASDAQ:CPB) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,279 shares of the company’s stock after selling 557 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Campbell Soup were worth $1,188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPB. Point72 Asia Singapore Pte. Ltd. purchased a new position in Campbell Soup during the 2nd quarter valued at about $32,000. nVerses Capital LLC bought a new stake in Campbell Soup during the 3rd quarter worth approximately $34,000. Ashton Thomas Securities LLC bought a new stake in Campbell Soup during the 3rd quarter worth approximately $39,000. TruNorth Capital Management LLC purchased a new stake in Campbell Soup in the 2nd quarter worth approximately $44,000. Finally, Rothschild Investment LLC bought a new position in Campbell Soup in the 2nd quarter valued at $44,000. 52.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CPB has been the topic of several research analyst reports. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. JPMorgan Chase & Co. boosted their price objective on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Wells Fargo & Company upped 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. Finally, Royal Bank of Canada lifted their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.58.

Campbell Soup Price Performance

Shares of NASDAQ:CPB opened at $45.93 on Tuesday. 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 stock has a market cap of $13.67 billion, a PE ratio of 24.30, a PEG ratio of 2.60 and a beta of 0.19. The company’s fifty day moving average is $47.30 and its 200 day moving average is $47.03. Campbell Soup has a 52 week low of $39.65 and a 52 week high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the company posted $0.50 EPS. Campbell Soup’s revenue for the quarter was up 10.9% on a year-over-year basis. Research analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s payout ratio is 78.31%.

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.