Fisher Asset Management LLC Cuts Stock Holdings in Campbell Soup (NASDAQ:CPB)

Fisher Asset Management LLC trimmed its stake in shares of Campbell Soup (NASDAQ:CPB) by 15.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,931 shares of the company’s stock after selling 15,701 shares during the period. Fisher Asset Management LLC’s holdings in Campbell Soup were worth $4,057,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Blair William & Co. IL grew its stake in shares of Campbell Soup by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after buying an additional 218 shares in the last quarter. Brown Lisle Cummings Inc. grew its stake in shares of Campbell Soup by 1.3% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock worth $986,000 after buying an additional 254 shares in the last quarter. Diversified Trust Co grew its stake in shares of 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 buying an additional 283 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Campbell Soup by 4.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock worth $369,000 after buying an additional 287 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of Campbell Soup by 7.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock worth $207,000 after buying an additional 290 shares in the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CPB has been the subject of a number of recent research reports. Barclays lifted their price objective 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. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. JPMorgan Chase & Co. lifted their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Royal Bank of Canada lifted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Friday, September 13th. Finally, Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.58.

Campbell Soup Trading Down 1.1 %

NASDAQ CPB opened at $46.07 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The firm has a market cap of $13.71 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.64 and a beta of 0.19. The company has a 50 day moving average price of $46.99 and a 200 day moving average price of $47.03. Campbell Soup has a 52 week low of $39.65 and a 52 week high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. As a group, sell-side analysts forecast that Campbell Soup will post 3.2 EPS 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 given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.21%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s dividend payout ratio is presently 78.31%.

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.