160,614 Shares in Campbell Soup (NASDAQ:CPB) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC acquired a new stake in Campbell Soup (NASDAQ:CPB) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 160,614 shares of the company’s stock, valued at approximately $7,857,000.

A number of other institutional investors have also recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co grew its stake in shares of Campbell Soup by 5.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 358,008 shares of the company’s stock worth $15,930,000 after purchasing an additional 19,365 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Campbell Soup by 85.2% during the first quarter. CreativeOne Wealth LLC now owns 13,223 shares of the company’s stock valued at $588,000 after acquiring an additional 6,083 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of Campbell Soup by 31.0% during the first quarter. Gabelli Funds LLC now owns 688,825 shares of the company’s stock valued at $30,618,000 after acquiring an additional 163,175 shares in the last quarter. LRI Investments LLC purchased a new stake in Campbell Soup in the first quarter worth $86,000. Finally, Steel Grove Capital Advisors LLC increased its position in Campbell Soup by 1.7% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 42,056 shares of the company’s stock valued at $1,869,000 after purchasing an additional 693 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CPB. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Friday, September 20th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $55.00 to $58.00 in a research note on Monday, October 7th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Wells Fargo & Company raised their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upped their price objective on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Campbell Soup presently has a consensus rating of “Hold” and an average price target of $51.58.

Campbell Soup Stock Performance

Shares of NASDAQ CPB opened at $44.52 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. Campbell Soup has a 12-month low of $39.65 and a 12-month high of $52.81. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.59 and a beta of 0.19. The firm has a 50 day moving average of $47.52 and a 200 day moving average of $47.02.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. On average, research analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were issued a $0.37 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.32%. Campbell Soup’s dividend payout ratio is currently 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.