Toronto Dominion Bank Increases Position in Campbell Soup (NASDAQ:CPB)

Toronto Dominion Bank lifted its position in Campbell Soup (NASDAQ:CPB) by 8.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,199 shares of the company’s stock after purchasing an additional 7,790 shares during the period. Toronto Dominion Bank’s holdings in Campbell Soup were worth $4,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. M&G Plc purchased a new stake in shares of Campbell Soup in the second quarter worth about $469,000. Lingohr Asset Management GmbH purchased a new stake in Campbell Soup during the fourth quarter worth $627,000. First Trust Advisors LP grew its stake in Campbell Soup by 6.5% in the fourth quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock valued at $28,592,000 after purchasing an additional 40,504 shares during the last quarter. Stephens Inc. AR bought a new position in Campbell Soup in the fourth quarter worth about $1,211,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Campbell Soup in the fourth quarter worth about $1,045,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays upped their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, September 12th. TD Cowen increased 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. JPMorgan Chase & Co. lifted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. DA Davidson lowered shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research note on Friday. Finally, Wells Fargo & Company boosted their target price on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $49.85.

Campbell Soup Stock Down 0.1 %

CPB opened at $49.36 on Monday. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $52.81. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The company has a 50-day moving average price of $49.48 and a 200 day moving average price of $46.34. The company has a market cap of $14.74 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 3.02 and a beta of 0.18.

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

Campbell Soup Announces Dividend

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 given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.00%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Campbell Soup 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.