Jensen Investment Management Inc. Grows Stock Position in Campbell Soup (NASDAQ:CPB)

Jensen Investment Management Inc. grew its position in shares of Campbell Soup (NASDAQ:CPB) by 3.5% during the third quarter, HoldingsChannel reports. The firm owned 125,028 shares of the company’s stock after buying an additional 4,200 shares during the period. Jensen Investment Management Inc.’s holdings in Campbell Soup were worth $6,116,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

CPB has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. TD Cowen lifted their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. DA Davidson lowered Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research report on Friday, September 27th. Sanford C. Bernstein raised shares of 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 report on Monday, October 7th. Finally, Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Friday, September 20th. Two 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.83.

Campbell Soup Price Performance

NASDAQ CPB traded up $0.47 on Friday, reaching $45.59. 1,852,611 shares of the stock traded hands, compared to its average volume of 1,586,644. Campbell Soup has a 12 month low of $39.65 and a 12 month high of $52.81. The company has a market cap of $13.57 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 2.76 and a beta of 0.19. The firm’s fifty day simple moving average is $48.65 and its 200 day simple moving average is $47.09. 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 (NASDAQ:CPB) last released its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company earned $0.50 earnings per share. Campbell Soup’s revenue was up 10.9% compared to the same quarter last year. As a group, research analysts predict that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors 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 3.25%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s payout ratio is 78.31%.

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.