Rovin Capital UT ADV Increases Stock Holdings in Campbell Soup (NASDAQ:CPB)

Rovin Capital UT ADV boosted its stake in Campbell Soup (NASDAQ:CPB) by 10.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 15,468 shares of the company’s stock after buying an additional 1,453 shares during the quarter. Rovin Capital UT ADV’s holdings in Campbell Soup were worth $757,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Campbell Soup during the 2nd quarter worth approximately $32,000. nVerses Capital LLC bought a new stake in Campbell Soup during the third quarter worth $34,000. TruNorth Capital Management LLC purchased a new position in Campbell Soup in the second quarter worth $44,000. Rothschild Investment LLC bought a new position in Campbell Soup in the 2nd quarter valued at $44,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of Campbell Soup during the 2nd quarter valued at $44,000. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Stock Up 1.0 %

Shares of NASDAQ:CPB opened at $45.59 on Friday. The firm has a market capitalization of $13.57 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.76 and a beta of 0.19. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. Campbell Soup has a 52-week low of $39.65 and a 52-week high of $52.81. The firm has a fifty day moving average of $48.65 and a 200 day moving average of $47.08.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data 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. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. As a group, research analysts anticipate that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.25%. Campbell Soup’s payout ratio is 78.31%.

Wall Street Analyst Weigh In

CPB has been the subject of several research reports. DA Davidson lowered shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research report on Friday, September 27th. TD Cowen lifted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price on shares of Campbell Soup in a research note on Tuesday, August 27th. Finally, Wells Fargo & Company increased their price target on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.83.

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.