IFM Investors Pty Ltd Sells 1,394 Shares of Campbell Soup (NASDAQ:CPB)

IFM Investors Pty Ltd lessened its stake in Campbell Soup (NASDAQ:CPB) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,367 shares of the company’s stock after selling 1,394 shares during the period. IFM Investors Pty Ltd’s holdings in Campbell Soup were worth $1,779,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CPB. nVerses Capital LLC acquired a new position in Campbell Soup in the third quarter worth about $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Campbell Soup in the second quarter worth about $32,000. Larson Financial Group LLC raised its position in Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after purchasing an additional 865 shares in the last quarter. TruNorth Capital Management LLC acquired a new position in Campbell Soup in the second quarter worth about $44,000. Finally, Rothschild Investment LLC acquired a new position in Campbell Soup in the second quarter worth about $44,000. Institutional investors own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

CPB has been the subject of several recent research reports. Barclays increased their price target on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research report on Thursday, September 12th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $55.00 to $58.00 in a report on Monday, October 7th. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. raised 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. Finally, DA Davidson lowered shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.83.

Campbell Soup Price Performance

Shares of CPB stock opened at $47.07 on Monday. Campbell Soup has a 52-week low of $39.65 and a 52-week high of $52.81. The stock has a market cap of $14.05 billion, a PE 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 firm’s 50 day moving average price is $49.40 and its two-hundred day moving average price is $46.92.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings data 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 net margin of 5.88% and a return on equity of 24.08%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, analysts forecast that Campbell Soup will post 3.2 EPS for the current 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 given a dividend of $0.37 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.14%. Campbell Soup’s dividend 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.