2,000 Shares in Campbell Soup (NASDAQ:CPB) Bought by Eastern Bank

Eastern Bank acquired a new position in shares of Campbell Soup (NASDAQ:CPB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,000 shares of the company’s stock, valued at approximately $98,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Blair William & Co. IL raised its holdings in shares of Campbell Soup by 0.5% during the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after acquiring an additional 218 shares during the period. Empirical Finance LLC grew its position in Campbell Soup by 3.6% in the first quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock valued at $307,000 after purchasing an additional 239 shares in the last quarter. Brown Lisle Cummings Inc. grew its position in Campbell Soup by 1.3% in the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock valued at $986,000 after purchasing an additional 254 shares in the last quarter. North Star Investment Management Corp. grew its position in 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 purchasing an additional 260 shares in the last quarter. Finally, Diversified Trust Co grew its position in Campbell Soup by 0.3% in the third quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock valued at $4,297,000 after purchasing an additional 283 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

Shares of CPB stock opened at $47.07 on Friday. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 2.83 and a beta of 0.18. 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 50-day simple moving average of $49.40 and a 200 day simple moving average of $46.88. Campbell Soup has a 52 week low of $39.65 and a 52 week high of $52.81.

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

Campbell Soup Dividend Announcement

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 annualized dividend and a yield of 3.14%. The ex-dividend date is Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is 59.92%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Friday, September 20th. JPMorgan Chase & Co. raised their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 target price on shares of Campbell Soup in a research report on Tuesday, August 27th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and raised their target price for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Finally, DA Davidson downgraded shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research report on Friday, September 27th. Two equities 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $50.83.

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.