Banque Cantonale Vaudoise Sells 12,170 Shares of Campbell Soup (NASDAQ:CPB)

Banque Cantonale Vaudoise lowered its stake in shares of Campbell Soup (NASDAQ:CPB) by 21.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 44,111 shares of the company’s stock after selling 12,170 shares during the period. Banque Cantonale Vaudoise’s holdings in Campbell Soup were worth $2,158,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Caprock Group LLC grew its stake in Campbell Soup by 53.4% during the third quarter. Caprock Group LLC now owns 10,270 shares of the company’s stock worth $502,000 after buying an additional 3,573 shares during the last quarter. Pathstone Holdings LLC raised its holdings in Campbell Soup by 2.3% in the third quarter. Pathstone Holdings LLC now owns 59,290 shares of the company’s stock worth $2,900,000 after purchasing an additional 1,341 shares during the period. Natixis Advisors LLC raised its holdings in shares of Campbell Soup by 5.2% during the third quarter. Natixis Advisors LLC now owns 45,001 shares of the company’s stock worth $2,201,000 after acquiring an additional 2,205 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Campbell Soup by 6.7% during the third quarter. CIBC Asset Management Inc now owns 36,487 shares of the company’s stock worth $1,785,000 after acquiring an additional 2,277 shares during the period. Finally, Lifeworks Advisors LLC raised its holdings in shares of Campbell Soup by 6.7% during the third quarter. Lifeworks Advisors LLC now owns 139,529 shares of the company’s stock worth $6,826,000 after acquiring an additional 8,812 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Price Performance

CPB opened at $43.81 on Thursday. Campbell Soup has a 1 year low of $39.65 and a 1 year high of $52.81. The stock has a 50-day moving average price of $47.52 and a 200-day moving average price of $47.02. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. The firm has a market cap of $13.04 billion, a PE ratio of 23.18, a P/E/G ratio of 2.57 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the business earned $0.50 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Sell-side analysts predict that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently disclosed 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 3.38%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is currently 78.31%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. DA Davidson lowered shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a report on Friday, September 27th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $55.00 to $58.00 in a research note on Monday, October 7th. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, September 20th. Finally, TD Cowen upped their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.58.

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.