BNP Paribas Financial Markets Grows Holdings in Campbell Soup (NASDAQ:CPB)

BNP Paribas Financial Markets increased its stake in Campbell Soup (NASDAQ:CPB) by 16.5% in the third quarter, Holdings Channel reports. The institutional investor owned 332,855 shares of the company’s stock after acquiring an additional 47,105 shares during the quarter. BNP Paribas Financial Markets’ holdings in Campbell Soup were worth $16,283,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. M&G Plc acquired a new position in Campbell Soup during the 2nd quarter worth $469,000. Raymond James Trust N.A. raised its stake in Campbell Soup by 43.8% during the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock valued at $451,000 after buying an additional 2,809 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after buying an additional 363,736 shares during the last quarter. MN Wealth Advisors LLC acquired a new position in shares of Campbell Soup in the 3rd quarter worth approximately $940,000. Finally, MBB Public Markets I LLC bought a new stake in shares of Campbell Soup in the 2nd quarter valued at approximately $669,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Up 0.3 %

Campbell Soup stock opened at $46.20 on Friday. The company’s 50-day moving average price is $46.80 and its two-hundred day moving average price is $47.03. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 24.44, a PEG 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. 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 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $2.29 billion for 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 firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 earnings per share. On average, analysts expect that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s dividend payout ratio is presently 78.31%.

Wall Street Analysts Forecast Growth

CPB has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. Royal Bank of Canada boosted their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. Barclays raised their price target on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Thursday, September 12th. Finally, Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Two equities 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.