Amalgamated Bank Has $2.62 Million Holdings in Campbell Soup (NASDAQ:CPB)

Amalgamated Bank grew its position in Campbell Soup (NASDAQ:CPB) by 41.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,885 shares of the company’s stock after purchasing an additional 16,941 shares during the quarter. Amalgamated Bank’s holdings in Campbell Soup were worth $2,616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CPB. Mather Group LLC. acquired a new position in shares of Campbell Soup in the first quarter valued at approximately $28,000. Jones Financial Companies Lllp acquired a new position in shares of Campbell Soup in the fourth quarter valued at approximately $31,000. 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 during the last quarter. TruNorth Capital Management LLC acquired a new position in shares of Campbell Soup in the second quarter valued at approximately $44,000. Finally, Rothschild Investment LLC acquired a new position in shares of Campbell Soup in the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CPB shares. Royal Bank of Canada upped their target price on Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. Barclays boosted their price target on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Thursday, September 12th. DA Davidson boosted their price target on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Friday, September 20th. Finally, TD Cowen boosted their price target on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. Three research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.69.

Campbell Soup Stock Down 1.6 %

NASDAQ CPB opened at $49.65 on Wednesday. The business has a fifty day moving average price of $49.36 and a two-hundred day moving average price of $46.20. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81. The stock has a market capitalization of $14.82 billion, a PE ratio of 20.10, a PEG ratio of 3.09 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Equities analysts expect that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders 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 dividend yield of 2.98%. The ex-dividend date is Thursday, October 3rd. Campbell Soup’s payout ratio is 59.92%.

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.