Ensign Peak Advisors Inc Sells 238,838 Shares of Campbell Soup (NASDAQ:CPB)

Ensign Peak Advisors Inc reduced its stake in Campbell Soup (NASDAQ:CPB) by 11.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,925,339 shares of the company’s stock after selling 238,838 shares during the period. Ensign Peak Advisors Inc’s holdings in Campbell Soup were worth $87,006,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CPB. Blair William & Co. IL lifted its stake in Campbell Soup by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after purchasing an additional 218 shares in the last quarter. Empirical Finance LLC increased its stake in Campbell Soup by 3.6% in the 1st quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock worth $307,000 after acquiring an additional 239 shares during the last quarter. North Star Investment Management Corp. raised its holdings in shares of Campbell Soup by 2.1% in the 1st quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock valued at $549,000 after acquiring an additional 260 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Campbell Soup by 1.1% during the 1st quarter. Yousif Capital Management LLC now owns 29,468 shares of the company’s stock valued at $1,310,000 after acquiring an additional 327 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its stake in Campbell Soup by 3.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 10,136 shares of the company’s stock worth $451,000 after buying an additional 328 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Stock Up 0.7 %

NASDAQ CPB opened at $51.21 on Friday. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $52.81. The stock has a market capitalization of $15.29 billion, a PE ratio of 20.73, a PEG ratio of 3.09 and a beta of 0.18. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24. The business’s 50-day moving average is $49.19 and its 200 day moving average is $46.07.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. Sell-side analysts forecast that Campbell Soup will post 3.18 earnings per share for the current year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be given a $0.37 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 2.89%. Campbell Soup’s dividend payout ratio is 59.92%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. StockNews.com downgraded Campbell Soup from a “hold” rating to a “sell” rating in a research report on Friday. TD Cowen increased their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, September 12th. Wells Fargo & Company boosted their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 target price on shares of Campbell Soup in a report on Tuesday, August 27th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.69.

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.