Campbell Soup (NASDAQ:CPB) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. increased its position in shares of Campbell Soup (NASDAQ:CPB) by 14.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,799 shares of the company’s stock after purchasing an additional 1,640 shares during the period. First Trust Direct Indexing L.P.’s holdings in Campbell Soup were worth $626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. M&G Plc acquired a new stake in shares of Campbell Soup during the second quarter valued at about $469,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Campbell Soup during the first quarter valued at about $672,000. Swedbank AB acquired a new stake in shares of Campbell Soup during the first quarter valued at about $11,405,000. Dimensional Fund Advisors LP increased its position in shares of Campbell Soup by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after acquiring an additional 363,736 shares during the last quarter. Finally, MN Wealth Advisors LLC acquired a new stake in shares of Campbell Soup during the third quarter valued at about $940,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CPB shares. Wells Fargo & Company lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. DA Davidson lowered shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research note on Friday, September 27th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.83.

Campbell Soup Stock Down 0.7 %

Shares of Campbell Soup stock opened at $46.33 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. Campbell Soup has a 52-week low of $39.65 and a 52-week high of $52.81. The company has a 50 day moving average of $49.03 and a 200 day moving average of $47.00. The company has a market capitalization of $13.79 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.78 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last released 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. 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 for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, research analysts forecast that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.19%. Campbell Soup’s payout ratio is currently 78.31%.

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.