Caprock Group LLC Buys 3,573 Shares of Campbell Soup (NASDAQ:CPB)

Caprock Group LLC grew its stake in Campbell Soup (NASDAQ:CPB) by 53.4% during the third quarter, Holdings Channel.com reports. The fund owned 10,270 shares of the company’s stock after purchasing an additional 3,573 shares during the quarter. Caprock Group LLC’s holdings in Campbell Soup were worth $502,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Blair William & Co. IL boosted its holdings in shares of Campbell Soup by 0.5% in the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock valued at $1,982,000 after purchasing an additional 218 shares during the period. Brown Lisle Cummings Inc. lifted its holdings in shares of Campbell Soup by 1.3% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock worth $986,000 after buying an additional 254 shares during the period. Diversified Trust Co grew its position in shares of Campbell Soup by 0.3% during the 3rd quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock worth $4,297,000 after buying an additional 283 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Campbell Soup by 4.0% during the third quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock valued at $369,000 after buying an additional 287 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Campbell Soup by 7.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock valued at $207,000 after acquiring an additional 290 shares in the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Stock Up 1.9 %

CPB stock opened at $45.29 on Friday. The stock has a market capitalization of $13.48 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.59 and a beta of 0.19. Campbell Soup has a 52 week low of $39.65 and a 52 week high of $52.81. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The firm has a 50 day moving average of $47.42 and a 200 day moving average of $47.00.

Campbell Soup (NASDAQ:CPB) last announced 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. 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 analyst estimates of $2.31 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Sell-side analysts forecast that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a $0.37 dividend. 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 3.27%. Campbell Soup’s dividend payout ratio is currently 78.31%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $55.00 to $58.00 in a report on Monday, October 7th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 target price on shares of Campbell Soup in a research report on Tuesday, August 27th. Barclays boosted their price target on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research report on Thursday, September 12th. Finally, Wells Fargo & Company raised their price objective on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” 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 given a buy rating to the stock. According to MarketBeat, Campbell Soup has a consensus rating of “Hold” and a consensus price target of $51.58.

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.