Campbell Soup (NASDAQ:CPB) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in Campbell Soup (NASDAQ:CPB) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,543 shares of the company’s stock after selling 230 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Campbell Soup were worth $956,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CPB. Atria Investments Inc boosted its stake in shares of Campbell Soup by 10.7% during the third quarter. Atria Investments Inc now owns 5,600 shares of the company’s stock worth $274,000 after buying an additional 541 shares during the period. Assetmark Inc. raised its stake in Campbell Soup by 170.7% during the 3rd quarter. Assetmark Inc. now owns 1,819 shares of the company’s stock valued at $89,000 after acquiring an additional 1,147 shares during the last quarter. Rovin Capital UT ADV lifted its position in Campbell Soup by 10.4% during the 3rd quarter. Rovin Capital UT ADV now owns 15,468 shares of the company’s stock worth $757,000 after acquiring an additional 1,453 shares during the period. Ascent Wealth Partners LLC grew its stake in shares of Campbell Soup by 38.1% in the 3rd quarter. Ascent Wealth Partners LLC now owns 19,870 shares of the company’s stock valued at $972,000 after purchasing an additional 5,482 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Campbell Soup by 6.8% in the third quarter. Principal Financial Group Inc. now owns 278,607 shares of the company’s stock valued at $13,629,000 after purchasing an additional 17,663 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPB has been the topic of a number of analyst reports. Argus upgraded 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 report on Friday, September 20th. Barclays boosted their price target on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Thursday, September 12th. Royal Bank of Canada raised their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. boosted their target price on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and an average price target of $51.58.

Campbell Soup Trading Up 0.4 %

Shares of CPB stock opened at $44.45 on Friday. The stock has a market cap of $13.23 billion, a P/E ratio of 23.52, a P/E/G ratio of 2.64 and a beta of 0.19. 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 fifty-two week low of $39.65 and a fifty-two week high of $52.81. The business has a fifty day simple moving average of $48.26 and a 200-day simple moving average of $47.08.

Campbell Soup (NASDAQ:CPB) last posted its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the firm posted $0.50 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts forecast that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 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.