KBC Group NV Grows Stake in Campbell Soup (NASDAQ:CPB)

KBC Group NV increased its position in shares of Campbell Soup (NASDAQ:CPB) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 177,265 shares of the company’s stock after purchasing an additional 2,015 shares during the quarter. KBC Group NV’s holdings in Campbell Soup were worth $8,671,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. M&G Plc purchased a new position in shares of Campbell Soup during the 2nd quarter worth approximately $469,000. Swedbank AB purchased a new position in Campbell Soup during the first quarter worth $11,405,000. Dimensional Fund Advisors LP raised its holdings in shares of Campbell Soup by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after acquiring an additional 363,736 shares during the last quarter. MN Wealth Advisors LLC purchased a new stake in shares of Campbell Soup in the third quarter valued at $940,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Campbell Soup in the first quarter valued at $1,239,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on CPB shares. Royal Bank of Canada boosted their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. 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. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $47.00 to $56.00 in a research note on Thursday. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Campbell Soup currently has a consensus rating of “Hold” and a consensus target price of $51.58.

Campbell Soup Stock Performance

Campbell Soup stock opened at $43.15 on Friday. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.64 and a beta of 0.19. Campbell Soup has a 12 month low of $39.65 and a 12 month high of $52.81. 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 stock’s 50-day moving average is $47.95 and its 200-day moving average is $47.05.

Campbell Soup (NASDAQ:CPB) last posted 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 net margin of 5.88% and a return on equity of 24.08%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the company earned $0.50 EPS. The company’s revenue was up 10.9% on a year-over-year basis. Equities analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.43%. Campbell Soup’s dividend payout ratio (DPR) is 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.