Van ECK Associates Corp Grows Stock Holdings in Campbell Soup (NASDAQ:CPB)

Van ECK Associates Corp raised its holdings in Campbell Soup (NASDAQ:CPB) by 0.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,715,932 shares of the company’s stock after acquiring an additional 5,983 shares during the period. Van ECK Associates Corp owned 2.92% of Campbell Soup worth $409,300,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. M&G Plc acquired a new stake in shares of Campbell Soup in the second quarter worth approximately $469,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Campbell Soup in the 1st quarter valued at $672,000. Swedbank AB purchased a new stake in shares of Campbell Soup during the 1st quarter valued at $11,405,000. Dimensional Fund Advisors LP increased its holdings in shares of Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after buying an additional 363,736 shares during the last quarter. Finally, MN Wealth Advisors LLC purchased a new position in shares of Campbell Soup in the 3rd quarter worth $940,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. Sanford C. Bernstein upgraded Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $55.00 to $58.00 in a report on Monday, October 7th. Royal Bank of Canada raised their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. DA Davidson downgraded shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research note on Friday, September 27th. Finally, Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.83.

Campbell Soup Price Performance

Shares of CPB stock opened at $46.33 on Friday. Campbell Soup has a twelve month low of $39.65 and a twelve month high of $52.81. The company has a market capitalization of $13.79 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 2.78 and a beta of 0.19. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The firm has a fifty day simple moving average of $49.03 and a 200-day simple moving average of $47.03.

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

Campbell Soup Announces Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.19%. Campbell Soup’s dividend payout ratio is presently 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.