Fisher Asset Management LLC Buys 7,479 Shares of Campbell Soup (NYSE:CPB)

Fisher Asset Management LLC increased its stake in Campbell Soup (NYSE:CPB) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,144 shares of the company’s stock after purchasing an additional 7,479 shares during the quarter. Fisher Asset Management LLC’s holdings in Campbell Soup were worth $3,681,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CPB. Massmutual Trust Co. FSB ADV raised its stake in shares of Campbell Soup by 165.7% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after buying an additional 406 shares during the period. Jones Financial Companies Lllp purchased a new stake in Campbell Soup during the fourth quarter valued at about $31,000. Lindbrook Capital LLC boosted its position in Campbell Soup by 79.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock worth $44,000 after purchasing an additional 449 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Campbell Soup in the third quarter worth about $67,000. Finally, Headinvest LLC bought a new stake in shares of Campbell Soup in the third quarter valued at approximately $86,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Friday, June 7th. JPMorgan Chase & Co. boosted their price objective on Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. DA Davidson raised their target price on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Evercore ISI initiated coverage on Campbell Soup in a research report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price target on the stock. Finally, Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.31.

Campbell Soup Stock Down 0.5 %

Shares of NYSE:CPB opened at $44.75 on Friday. The firm has a fifty day moving average of $44.69 and a 200 day moving average of $43.78. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $46.97. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.24 and a current ratio of 0.62. The firm has a market capitalization of $13.36 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 2.86 and a beta of 0.19.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. As a group, research analysts anticipate that Campbell Soup will post 3.08 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.31%. Campbell Soup’s dividend payout ratio (DPR) is 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.