West Family Investments Inc. Grows Position in Campbell Soup (NYSE:CPB)

West Family Investments Inc. raised its holdings in Campbell Soup (NYSE:CPB) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,914 shares of the company’s stock after purchasing an additional 796 shares during the period. West Family Investments Inc.’s holdings in Campbell Soup were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Van ECK Associates Corp boosted its holdings in shares of Campbell Soup by 97.2% in the fourth quarter. Van ECK Associates Corp now owns 7,329,256 shares of the company’s stock worth $316,844,000 after acquiring an additional 3,613,495 shares during the period. Invesco Ltd. boosted its holdings in Campbell Soup by 6.8% in the 3rd quarter. Invesco Ltd. now owns 5,035,674 shares of the company’s stock valued at $206,865,000 after purchasing an additional 318,983 shares during the period. Northern Trust Corp grew its position in shares of Campbell Soup by 4.7% during the 3rd quarter. Northern Trust Corp now owns 2,845,931 shares of the company’s stock valued at $116,911,000 after purchasing an additional 127,574 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Campbell Soup by 19.3% in the third quarter. Bank of New York Mellon Corp now owns 2,157,930 shares of the company’s stock worth $88,648,000 after purchasing an additional 349,485 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Campbell Soup by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,639,006 shares of the company’s stock worth $67,330,000 after buying an additional 14,555 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Up 0.1 %

CPB stock traded up $0.05 on Thursday, reaching $45.58. The company’s stock had a trading volume of 851,868 shares, compared to its average volume of 2,695,374. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. The business has a fifty day simple moving average of $43.53 and a two-hundred day simple moving average of $42.71. The firm has a market cap of $13.59 billion, a PE ratio of 17.79, a PEG ratio of 2.99 and a beta of 0.23. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $55.04.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. Campbell Soup’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. As a group, research analysts forecast that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 4th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.25%. The ex-dividend date was Wednesday, April 3rd. Campbell Soup’s dividend payout ratio is currently 57.81%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CPB shares. JPMorgan Chase & Co. lifted their price target on Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. TheStreet upgraded Campbell Soup from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Thursday, March 14th. Citigroup initiated coverage on shares of Campbell Soup in a research note on Thursday, February 1st. They set a “sell” rating and a $41.00 price target on the stock. Finally, DA Davidson began coverage on shares of Campbell Soup in a research note on Friday, March 1st. They issued a “buy” rating and a $48.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and an average target price of $46.38.

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.