MBB Public Markets I LLC Buys Shares of 14,800 Campbell Soup (NASDAQ:CPB)

MBB Public Markets I LLC purchased a new position in Campbell Soup (NASDAQ:CPB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,800 shares of the company’s stock, valued at approximately $669,000.

A number of other large investors also recently modified their holdings of CPB. Blair William & Co. IL lifted its holdings in Campbell Soup by 0.5% in the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after purchasing an additional 218 shares during the period. Empirical Finance LLC lifted its stake in shares of Campbell Soup by 3.6% in the 1st quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock worth $307,000 after acquiring an additional 239 shares during the period. North Star Investment Management Corp. boosted its holdings in shares of Campbell Soup by 2.1% in the first quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock valued at $549,000 after acquiring an additional 260 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of Campbell Soup by 1.1% during the first quarter. Yousif Capital Management LLC now owns 29,468 shares of the company’s stock valued at $1,310,000 after acquiring an additional 327 shares during the period. Finally, First Trust Direct Indexing L.P. increased its stake in shares of Campbell Soup by 3.3% during the first quarter. First Trust Direct Indexing L.P. now owns 10,136 shares of the company’s stock valued at $451,000 after acquiring an additional 328 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of research reports. DA Davidson lowered Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Friday, September 27th. Barclays raised their target price on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Thursday, September 12th. Wells Fargo & Company boosted 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 report on Wednesday, September 11th. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. Finally, StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Campbell Soup has a consensus rating of “Hold” and a consensus price target of $49.85.

Campbell Soup Stock Down 1.1 %

Shares of NASDAQ:CPB opened at $48.36 on Wednesday. Campbell Soup has a 52 week low of $37.94 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. The company has a market cap of $14.44 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 3.02 and a beta of 0.18. The firm has a 50 day simple moving average of $49.54 and a 200 day simple moving average of $46.39.

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

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.06%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

About Campbell Soup

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.