Campbell Soup (NYSE:CPB) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its holdings in Campbell Soup (NYSE:CPB) by 12.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,107 shares of the company’s stock after purchasing an additional 2,227 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Campbell Soup were worth $841,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp increased its stake in Campbell Soup by 0.9% in the second quarter. State Street Corp now owns 9,771,088 shares of the company’s stock valued at $445,464,000 after purchasing an additional 82,358 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Campbell Soup by 41.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,463,830 shares of the company’s stock valued at $249,096,000 after purchasing an additional 1,596,571 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Campbell Soup by 2.8% in the second quarter. Geode Capital Management LLC now owns 3,473,923 shares of the company’s stock valued at $157,938,000 after acquiring an additional 93,572 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Campbell Soup by 22.2% in the second quarter. Renaissance Technologies LLC now owns 3,038,443 shares of the company’s stock valued at $138,523,000 after acquiring an additional 551,575 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Campbell Soup by 22.9% in the second quarter. Morgan Stanley now owns 2,005,642 shares of the company’s stock valued at $91,437,000 after acquiring an additional 373,208 shares in the last quarter. Institutional investors own 50.42% of the company’s stock.

NYSE:CPB opened at $46.38 on Friday. The firm has a 50 day simple moving average of $42.55 and a 200-day simple moving average of $42.75. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.80 and a quick ratio of 0.39. The firm has a market cap of $13.99 billion, a PE ratio of 14.82, a P/E/G ratio of 10.11 and a beta of 0.53. Campbell Soup has a 1-year low of $39.76 and a 1-year high of $53.77.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Wednesday, December 8th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.08. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.28 billion. Campbell Soup had a net margin of 11.40% and a return on equity of 28.27%. The company’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.02 earnings per share. As a group, sell-side analysts expect that Campbell Soup will post 2.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 31st. Investors of record on Thursday, January 6th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.19%. The ex-dividend date is Wednesday, January 5th. Campbell Soup’s dividend payout ratio (DPR) is 47.28%.

Several analysts have recently weighed in on CPB shares. Morgan Stanley lifted their target price on shares of Campbell Soup from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday. Citigroup lowered their target price on shares of Campbell Soup from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, October 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Campbell Soup from $48.00 to $44.00 and set a “hold” rating on the stock in a report on Tuesday, November 23rd. Credit Suisse Group boosted their price objective on shares of Campbell Soup from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, December 14th. Finally, Evercore ISI reissued a “hold” rating on shares of Campbell Soup in a report on Thursday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Campbell Soup has a consensus rating of “Hold” and a consensus price target of $45.11.

About Campbell Soup

Campbell Soup Co engages in manufacture and marketing of convenience food products such as soup, simple meals, snacks, and healthy beverages. It operates through the following segments: Meals and Beverages, and Snacks. The Meals and Beverages segment includes the retail and food service businesses in the U.S., Canada and Latin America.

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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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