Spire Wealth Management grew its holdings in shares of Campbell Soup (NYSE:CPB – Free Report) by 25.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 4,874 shares of the company’s stock after purchasing an additional 999 shares during the period. Spire Wealth Management’s holdings in Campbell Soup were worth $268,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Perigon Wealth Management LLC raised its stake in Campbell Soup by 1.8% during the first quarter. Perigon Wealth Management LLC now owns 11,215 shares of the company’s stock worth $617,000 after buying an additional 193 shares during the last quarter. Pathstone Family Office LLC raised its stake in Campbell Soup by 0.8% during the fourth quarter. Pathstone Family Office LLC now owns 25,351 shares of the company’s stock worth $1,439,000 after buying an additional 199 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Campbell Soup by 0.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 45,001 shares of the company’s stock worth $2,553,000 after buying an additional 213 shares during the last quarter. Gradient Investments LLC raised its stake in Campbell Soup by 77.7% during the first quarter. Gradient Investments LLC now owns 519 shares of the company’s stock worth $29,000 after buying an additional 227 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Campbell Soup by 6.6% during the fourth quarter. Van ECK Associates Corp now owns 4,220 shares of the company’s stock worth $239,000 after buying an additional 261 shares during the last quarter. Institutional investors own 50.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on CPB shares. 888 reissued a “maintains” rating on shares of Campbell Soup in a research note on Monday, June 26th. Royal Bank of Canada reduced their price target on shares of Campbell Soup from $50.00 to $49.00 in a report on Thursday, June 8th. Evercore ISI reduced their price target on shares of Campbell Soup from $55.00 to $53.00 in a report on Thursday, June 8th. Morgan Stanley reduced their price target on shares of Campbell Soup from $52.00 to $49.00 and set an “equal weight” rating for the company in a report on Tuesday, August 8th. Finally, StockNews.com started coverage on shares of Campbell Soup in a report on Thursday. They issued a “hold” rating for the company. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and a consensus target price of $49.83.
Get Our Latest Stock Analysis on CPB
Campbell Soup Stock Up 1.1 %
Shares of NYSE CPB opened at $42.83 on Friday. The stock has a market capitalization of $12.77 billion, a P/E ratio of 16.41, a P/E/G ratio of 3.15 and a beta of 0.32. The company has a 50-day moving average price of $45.42 and a 200-day moving average price of $50.36. Campbell Soup has a 1 year low of $42.18 and a 1 year high of $57.78. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.92 and a quick ratio of 0.36.
Campbell Soup (NYSE:CPB – Get Free Report) last released its quarterly earnings results on Wednesday, June 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. Campbell Soup had a net margin of 8.46% and a return on equity of 26.31%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts forecast that Campbell Soup will post 3 EPS for the current fiscal year.
Campbell Soup Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 6th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.46%. The ex-dividend date was Wednesday, July 5th. Campbell Soup’s dividend payout ratio (DPR) is presently 56.71%.
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.
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