Crossmark Global Holdings Inc. Trims Holdings in Campbell Soup (NASDAQ:CPB)

Crossmark Global Holdings Inc. cut its position in shares of Campbell Soup (NASDAQ:CPB) by 1.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,543 shares of the company’s stock after selling 230 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Campbell Soup were worth $956,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CPB. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Campbell Soup in the 2nd quarter worth approximately $32,000. nVerses Capital LLC acquired a new position in Campbell Soup in the third quarter valued at $34,000. TruNorth Capital Management LLC acquired a new position in Campbell Soup in the second quarter valued at $44,000. Rothschild Investment LLC purchased a new position in Campbell Soup during the second quarter worth about $44,000. Finally, Sentry Investment Management LLC acquired a new stake in Campbell Soup in the 2nd quarter worth about $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Up 0.4 %

NASDAQ CPB opened at $44.45 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 fifty-two week low of $39.65 and a fifty-two week high of $52.81. The business has a 50 day moving average price of $48.26 and a two-hundred day moving average price of $47.08. The stock has a market cap of $13.23 billion, a PE ratio of 23.52, a P/E/G ratio of 2.64 and a beta of 0.19.

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, beating 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 business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the business earned $0.50 EPS. The business’s revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts predict that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is 78.31%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CPB. JPMorgan Chase & Co. increased 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. Wells Fargo & Company increased their price target 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. Royal Bank of Canada boosted their price objective 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. Barclays increased their target price on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research report on Thursday, September 12th. Finally, StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.58.

Campbell Soup Company 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.