Campbell Soup (NASDAQ:CPB) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. decreased its stake in Campbell Soup (NASDAQ:CPB) by 17.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,528 shares of the company’s stock after selling 9,144 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Campbell Soup were worth $2,129,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Public Sector Pension Investment Board boosted its stake in Campbell Soup by 15.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 9,009 shares of the company’s stock worth $441,000 after purchasing an additional 1,200 shares during the period. Townsquare Capital LLC acquired a new stake in Campbell Soup during the 3rd quarter worth $223,000. BNP Paribas Financial Markets boosted its stake in Campbell Soup by 16.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 332,855 shares of the company’s stock worth $16,283,000 after purchasing an additional 47,105 shares during the period. FMR LLC boosted its stake in Campbell Soup by 34.2% during the 3rd quarter. FMR LLC now owns 165,494 shares of the company’s stock worth $8,096,000 after purchasing an additional 42,216 shares during the period. Finally, Quantbot Technologies LP boosted its stake in Campbell Soup by 69.5% during the 3rd quarter. Quantbot Technologies LP now owns 114,889 shares of the company’s stock worth $5,620,000 after purchasing an additional 47,117 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Shares of CPB opened at $46.20 on Friday. The company has a 50-day simple moving average of $46.80 and a 200-day simple moving average of $47.03. 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 capitalization of $13.75 billion, a PE ratio of 24.44, a P/E/G ratio of 2.65 and a beta of 0.19. Campbell Soup has a 52-week low of $39.65 and a 52-week high of $52.81.

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

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.20%. Campbell Soup’s dividend payout ratio (DPR) is currently 78.31%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. TD Cowen raised their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Royal Bank of Canada raised their target price 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. Wells Fargo & Company raised their target price on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Finally, Barclays raised their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.58.

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.