7,863 Shares in Campbell Soup (NASDAQ:CPB) Acquired by Goldstone Financial Group LLC

Goldstone Financial Group LLC bought a new position in shares of Campbell Soup (NASDAQ:CPB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,863 shares of the company’s stock, valued at approximately $385,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. M&G Plc bought a new position in shares of Campbell Soup in the 2nd quarter worth $469,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Campbell Soup in the 1st quarter worth $672,000. Swedbank AB bought a new position in shares of Campbell Soup in the 1st quarter worth $11,405,000. Dimensional Fund Advisors LP increased its holdings in shares of Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after buying an additional 363,736 shares during the last quarter. Finally, MN Wealth Advisors LLC bought a new position in shares of Campbell Soup in the 3rd quarter worth $940,000. Institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on CPB shares. Barclays increased their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, September 12th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $55.00 to $58.00 in a research report on Monday, October 7th. TD Cowen lifted their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Finally, Royal Bank of Canada lifted 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.83.

Campbell Soup Trading Down 0.1 %

Shares of CPB opened at $46.65 on Friday. The firm’s 50-day moving average price is $49.20 and its 200-day moving average price is $46.98. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.83 and a beta of 0.18. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. Campbell Soup has a 1-year low of $39.65 and a 1-year high of $52.81.

Campbell Soup (NASDAQ:CPB) last announced its earnings results 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. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company’s revenue for the quarter 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. Sell-side analysts anticipate that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.17%. 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.