Koss Olinger Consulting LLC Reduces Stake in Campbell Soup (NASDAQ:CPB)

Koss Olinger Consulting LLC cut its holdings in shares of Campbell Soup (NASDAQ:CPB) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,031 shares of the company’s stock after selling 912 shares during the period. Koss Olinger Consulting LLC’s holdings in Campbell Soup were worth $2,545,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. M&G Plc purchased a new position in Campbell Soup during the 2nd quarter valued at $469,000. Envestnet Portfolio Solutions Inc. bought a new position in Campbell Soup in the first quarter worth about $672,000. International Assets Investment Management LLC purchased a new stake in Campbell Soup in the first quarter worth about $935,000. Swedbank AB bought a new stake in Campbell Soup during the 1st quarter valued at approximately $11,405,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after acquiring an additional 363,736 shares during the period. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Price Performance

Shares of Campbell Soup stock opened at $48.50 on Monday. The stock’s 50-day simple moving average is $49.58 and its 200-day simple moving average is $46.80. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. Campbell Soup has a 52 week low of $39.48 and a 52 week high of $52.81. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 2.83 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last announced 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 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 for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 EPS. As a group, analysts expect that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be paid 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 3.05%. Campbell Soup’s dividend payout ratio is 59.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein upgraded Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Stifel Nicolaus restated a “hold” rating and set a $45.00 target price on shares of Campbell Soup in a report on Tuesday, August 27th. DA Davidson lowered shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Friday, September 27th. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Friday, September 20th. Finally, 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 note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.83.

Campbell Soup 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.