Nisa Investment Advisors LLC Has $1.43 Million Stock Holdings in Campbell Soup (NASDAQ:CPB)

Nisa Investment Advisors LLC trimmed its position in shares of Campbell Soup (NASDAQ:CPB) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,124 shares of the company’s stock after selling 893 shares during the period. Nisa Investment Advisors LLC’s holdings in Campbell Soup were worth $1,425,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. M&G Plc bought a new position in shares of Campbell Soup during the 2nd quarter worth about $469,000. Envestnet Portfolio Solutions Inc. bought a new position in Campbell Soup during the first quarter worth about $672,000. Swedbank AB acquired a new stake in Campbell Soup during the first quarter valued at approximately $11,405,000. Dimensional Fund Advisors LP grew its stake in shares of Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after purchasing an additional 363,736 shares during the period. Finally, MN Wealth Advisors LLC acquired a new position in shares of Campbell Soup in the 3rd quarter worth approximately $940,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Down 0.7 %

NASDAQ:CPB opened at $46.33 on Monday. The stock’s fifty day moving average price is $49.03 and its two-hundred day moving average price is $47.06. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 2.78 and a beta of 0.19. Campbell Soup has a 52-week low of $39.65 and a 52-week high of $52.81. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 earnings per share. On average, analysts anticipate that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Dividend Announcement

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

Analyst Upgrades and Downgrades

CPB has been the topic of several recent analyst reports. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Friday, September 20th. DA Davidson lowered shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a report on Friday, September 27th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $55.00 to $58.00 in a report on Monday, October 7th. Wells Fargo & Company upped their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada lifted their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and an average price target of $50.83.

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.