Great West Life Assurance Co. Can decreased its holdings in shares of Campbell Soup (NYSE:CPB) by 5.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 669,419 shares of the company’s stock after selling 35,037 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Campbell Soup were worth $24,546,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of Campbell Soup by 766.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,467 shares of the company’s stock valued at $140,000 after purchasing an additional 3,067 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Campbell Soup by 367.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,590 shares of the company’s stock valued at $132,000 after purchasing an additional 2,822 shares in the last quarter. Exane Derivatives bought a new stake in shares of Campbell Soup during the 3rd quarter valued at about $138,000. CSat Investment Advisory L.P. bought a new stake in shares of Campbell Soup during the 2nd quarter valued at about $159,000. Finally, Truvestments Capital LLC bought a new stake in shares of Campbell Soup during the 3rd quarter valued at about $150,000. Institutional investors own 55.65% of the company’s stock.
CPB has been the topic of several research analyst reports. Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research report on Monday, August 27th. ValuEngine upgraded Campbell Soup from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 11th. Credit Suisse Group cut their price target on Campbell Soup from $36.00 to $33.00 and set a “sell” rating on the stock in a report on Friday, September 28th. Royal Bank of Canada increased their price target on Campbell Soup to $43.00 and gave the stock a “sector perform” rating in a report on Thursday, August 23rd. Finally, JPMorgan Chase & Co. lowered Campbell Soup from a “neutral” rating to an “underweight” rating and set a $48.00 price target on the stock. in a report on Friday, August 10th. Nine investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $40.33.
Shares of NYSE:CPB opened at $39.20 on Friday. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.69 and a beta of 0.13. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.31 and a current ratio of 0.69. Campbell Soup has a 52-week low of $32.63 and a 52-week high of $51.07.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Tuesday, November 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.10. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.66 billion. Campbell Soup had a return on equity of 53.81% and a net margin of 1.95%. The company’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 earnings per share. Equities research analysts anticipate that Campbell Soup will post 2.47 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 28th. Shareholders of record on Wednesday, January 9th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, January 8th. This represents a $1.40 annualized dividend and a yield of 3.57%. Campbell Soup’s payout ratio is currently 48.78%.
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Campbell Soup Company Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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