Dimensional Fund Advisors LP Raises Stock Position in Campbell Soup (NASDAQ:CPB)

Dimensional Fund Advisors LP increased its stake in Campbell Soup (NASDAQ:CPB) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,876,253 shares of the company’s stock after acquiring an additional 363,736 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.96% of Campbell Soup worth $129,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in Campbell Soup by 1.9% in the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock worth $393,603,000 after acquiring an additional 161,392 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Campbell Soup by 21.2% during the first quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company’s stock worth $147,375,000 after buying an additional 580,411 shares in the last quarter. LSV Asset Management grew its holdings in shares of Campbell Soup by 5,022.5% during the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock worth $110,187,000 after buying an additional 2,390,700 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Campbell Soup by 7.3% during the first quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company’s stock worth $55,554,000 after buying an additional 85,099 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of Campbell Soup by 15.5% during the second quarter. TD Asset Management Inc now owns 986,109 shares of the company’s stock worth $44,562,000 after buying an additional 132,453 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of NASDAQ:CPB opened at $51.21 on Monday. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $52.81. The firm has a market capitalization of $15.29 billion, a PE ratio of 20.73, a PEG ratio of 3.09 and a beta of 0.18. The business’s 50 day moving average is $49.19 and its 200-day moving average is $46.09. The company has a current ratio of 0.61, a quick ratio of 0.24 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB) last announced 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. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. Campbell Soup’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS. Sell-side analysts predict that Campbell Soup will post 3.18 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.89%. 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

A number of equities research analysts have recently issued reports on CPB shares. StockNews.com lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Friday. Barclays upped their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday, September 12th. Royal Bank of Canada increased their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. DA Davidson raised their target price on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Friday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Campbell Soup has a consensus rating of “Hold” and a consensus price target of $49.69.

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.