Successful Portfolios LLC Sells 517 Shares of Campbell Soup (NASDAQ:CPB)

Successful Portfolios LLC lessened its stake in shares of Campbell Soup (NASDAQ:CPB) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,291 shares of the company’s stock after selling 517 shares during the period. Successful Portfolios LLC’s holdings in Campbell Soup were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Blair William & Co. IL raised its position in shares of Campbell Soup by 0.5% during the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock valued at $1,982,000 after buying an additional 218 shares in the last quarter. Empirical Finance LLC raised its position in 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 purchasing an additional 239 shares during the period. North Star Investment Management Corp. raised its position in Campbell Soup by 2.1% in the 1st quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock worth $549,000 after purchasing an additional 260 shares during the period. Diversified Trust Co raised its position in Campbell Soup by 0.3% in the 3rd quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock worth $4,297,000 after purchasing an additional 283 shares during the period. Finally, Yousif Capital Management LLC raised its position in Campbell Soup by 1.1% in the 1st quarter. Yousif Capital Management LLC now owns 29,468 shares of the company’s stock worth $1,310,000 after purchasing an additional 327 shares during the period. Institutional investors own 52.35% of the company’s stock.

Analysts Set New Price Targets

CPB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. DA Davidson lowered shares of 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. Royal Bank of Canada raised their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. Wells Fargo & Company raised their target price 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. Finally, Barclays increased their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $50.77.

Campbell Soup Stock Performance

CPB traded down $0.51 on Friday, reaching $47.33. The stock had a trading volume of 340,258 shares, compared to its average volume of 2,604,378. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $52.81. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The business’s 50-day moving average price is $49.67 and its two-hundred day moving average price is $46.59. The company has a market cap of $14.11 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 2.83 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share 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 company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts forecast that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be given a $0.37 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.13%. Campbell Soup’s dividend payout ratio (DPR) is 78.31%.

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.