DekaBank Deutsche Girozentrale Raises Holdings in Campbell Soup (NASDAQ:CPB)

DekaBank Deutsche Girozentrale grew its position in Campbell Soup (NASDAQ:CPB) by 41.1% during the third quarter, HoldingsChannel.com reports. The fund owned 237,552 shares of the company’s stock after acquiring an additional 69,230 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Campbell Soup were worth $11,663,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Campbell Soup in the second quarter worth $32,000. nVerses Capital LLC bought a new stake in shares of Campbell Soup during the third quarter valued at approximately $34,000. Larson Financial Group LLC boosted its holdings 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 period. TruNorth Capital Management LLC purchased a new stake in shares of Campbell Soup in the 2nd quarter worth $44,000. Finally, Rothschild Investment LLC bought a new position in shares of Campbell Soup during the 2nd quarter worth $44,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPB has been the subject of several recent research reports. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $55.00 to $58.00 in a report on Monday, October 7th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. TD Cowen boosted their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Royal Bank of Canada raised their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. Finally, DA Davidson lowered Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $50.83.

Campbell Soup Price Performance

CPB stock opened at $46.76 on Wednesday. The business has a fifty day moving average of $49.35 and a two-hundred day moving average of $46.95. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The stock has a market cap of $13.96 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 2.83 and a beta of 0.18. Campbell Soup has a 52-week low of $39.65 and a 52-week high of $52.81.

Campbell Soup (NASDAQ:CPB) last posted its quarterly 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. The company 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 revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. As a group, research analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is currently 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.