Czech National Bank Increases Stake in Campbell Soup (NASDAQ:CPB)

Czech National Bank raised its holdings in shares of Campbell Soup (NASDAQ:CPB) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,140 shares of the company’s stock after buying an additional 2,648 shares during the quarter. Czech National Bank’s holdings in Campbell Soup were worth $1,964,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CPB. Mather Group LLC. purchased a new stake in Campbell Soup during the 1st quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Campbell Soup during the 2nd quarter worth approximately $32,000. Larson Financial Group LLC grew its position in shares of Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after purchasing an additional 865 shares in the last quarter. TruNorth Capital Management LLC acquired a new stake in shares of Campbell Soup in the second quarter valued at approximately $44,000. Finally, Rothschild Investment LLC purchased a new position in Campbell Soup during the second quarter worth approximately $44,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Trading Down 0.9 %

NASDAQ CPB opened at $47.41 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.83 and a beta of 0.18. The firm has a 50 day simple moving average of $49.63 and a 200-day simple moving average of $46.64. Campbell Soup has a one year low of $37.94 and a one year high of $52.81.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating 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 company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the company posted $0.50 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts anticipate that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, October 3rd. Campbell Soup’s dividend payout ratio is currently 59.92%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CPB shares. Barclays upped their target price on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, September 12th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $55.00 to $58.00 in a research report on Monday, October 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price on shares of Campbell Soup in a report on Tuesday, August 27th. Royal Bank of Canada raised their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a report on Friday, September 13th. Finally, DA Davidson cut Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.77.

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.