Everence Capital Management Inc. raised its holdings in shares of Campbell Soup (NYSE:CPB – Get Rating) by 115.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,660 shares of the company’s stock after acquiring an additional 11,590 shares during the period. Everence Capital Management Inc.’s holdings in Campbell Soup were worth $1,229,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Campbell Soup by 29.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,150 shares of the company’s stock valued at $1,299,000 after purchasing an additional 6,692 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Campbell Soup by 60.0% during the 1st quarter. HighTower Advisors LLC now owns 20,855 shares of the company’s stock valued at $932,000 after purchasing an additional 7,819 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in shares of Campbell Soup by 31.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 11,020 shares of the company’s stock valued at $491,000 after purchasing an additional 2,628 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Campbell Soup by 22.7% during the 1st quarter. MetLife Investment Management LLC now owns 54,864 shares of the company’s stock valued at $2,445,000 after purchasing an additional 10,144 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Campbell Soup by 6.8% during the 1st quarter. Rhumbline Advisers now owns 319,394 shares of the company’s stock valued at $14,235,000 after purchasing an additional 20,335 shares in the last quarter. 50.39% of the stock is currently owned by institutional investors and hedge funds.
Campbell Soup Trading Down 0.8 %
Shares of CPB stock opened at $55.36 on Thursday. The company’s 50-day moving average price is $53.19 and its 200-day moving average price is $52.79. The company has a current ratio of 0.77, a quick ratio of 0.31 and a debt-to-equity ratio of 1.11. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 4.66 and a beta of 0.34. Campbell Soup has a twelve month low of $44.37 and a twelve month high of $57.78.
Campbell Soup (NYSE:CPB – Get Rating) last announced its quarterly earnings results on Wednesday, March 8th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.06. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Campbell Soup had a net margin of 8.86% and a return on equity of 26.97%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. As a group, equities analysts predict that Campbell Soup will post 3.01 earnings per share for the current year.
Campbell Soup Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Thursday, April 6th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $1.48 annualized dividend and a dividend yield of 2.67%. Campbell Soup’s payout ratio is 54.82%.
Analysts Set New Price Targets
CPB has been the subject of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $50.00 target price on shares of Campbell Soup in a report on Thursday, March 9th. Morgan Stanley boosted their price target on shares of Campbell Soup from $56.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 20th. Credit Suisse Group boosted their price target on shares of Campbell Soup from $50.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, March 9th. JPMorgan Chase & Co. boosted their price target on shares of Campbell Soup from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, March 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Campbell Soup from $54.00 to $53.00 and set a “hold” rating for the company in a report on Monday, March 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and a consensus price target of $51.33.
About Campbell Soup
Campbell Soup Co engages in the business of manufacturing and marketing food and beverage products. It operates under the Meals and Beverages, and Snacks segments. The Meals and Beverages segment includes soup, meals, and beverage products in retail and foodservice. The Snacks segment offers cookies, crackers, bakery, and frozen products.