989 Shares in Campbell Soup (NASDAQ:CPB) Bought by Friedenthal Financial

Friedenthal Financial bought a new position in Campbell Soup (NASDAQ:CPB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 989 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC boosted its position in shares of Campbell Soup by 4.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock worth $369,000 after purchasing an additional 287 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Campbell Soup by 38.7% during the third quarter. Bleakley Financial Group LLC now owns 6,582 shares of the company’s stock worth $322,000 after buying an additional 1,835 shares in the last quarter. nVerses Capital LLC acquired a new position in Campbell Soup during the third quarter worth about $34,000. MN Wealth Advisors LLC purchased a new position in Campbell Soup in the third quarter valued at about $940,000. Finally, Swedbank AB raised its holdings in Campbell Soup by 49.3% during the third quarter. Swedbank AB now owns 350,764 shares of the company’s stock worth $17,159,000 after purchasing an additional 115,794 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CPB shares. JPMorgan Chase & Co. raised their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Royal Bank of Canada increased their target price on Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. DA Davidson cut Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a report on Friday, September 27th. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Finally, Wells Fargo & Company increased their target price on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. 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 currently has a consensus rating of “Hold” and an average target price of $50.83.

Campbell Soup Trading Down 0.4 %

NASDAQ CPB opened at $48.50 on Friday. The company’s fifty day simple moving average is $49.58 and its 200-day simple moving average is $46.78. The stock has a market cap of $14.48 billion, a P/E ratio of 19.64, a PEG ratio of 2.83 and a beta of 0.18. Campbell Soup has a 52 week low of $39.48 and a 52 week high of $52.81. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities research analysts predict that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, October 3rd will be paid a $0.37 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.05%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

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.