Weaver Capital Management LLC Grows Holdings in Campbell Soup (NASDAQ:CPB)

Weaver Capital Management LLC raised its position in Campbell Soup (NASDAQ:CPB) by 32.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,729 shares of the company’s stock after buying an additional 2,645 shares during the period. Weaver Capital Management LLC’s holdings in Campbell Soup were worth $525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPB. Blair William & Co. IL increased its stake in shares of Campbell Soup by 0.5% during the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after purchasing an additional 218 shares in the last quarter. Empirical Finance LLC increased its stake in shares of Campbell Soup by 3.6% during the first quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock worth $307,000 after purchasing an additional 239 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of Campbell Soup by 1.3% during the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock worth $986,000 after purchasing an additional 254 shares in the last quarter. North Star Investment Management Corp. increased its stake in shares of Campbell Soup by 2.1% during the first quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock worth $549,000 after purchasing an additional 260 shares in the last quarter. Finally, Diversified Trust Co grew its stake in Campbell Soup by 0.3% during the 3rd quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock valued at $4,297,000 after acquiring an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CPB shares. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. Barclays upped their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Thursday, September 12th. Royal Bank of Canada upped their price objective 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $50.83.

Campbell Soup Stock Performance

NASDAQ:CPB opened at $47.36 on Wednesday. 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 firm has a market capitalization of $14.14 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.83 and a beta of 0.18. The company’s 50-day moving average is $49.53 and its two-hundred day moving average is $46.86. Campbell Soup has a 1-year low of $39.48 and a 1-year high of $52.81.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping the consensus estimate 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 prior year, the business posted $0.50 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Analysts forecast that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be issued a $0.37 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.13%. Campbell Soup’s dividend payout ratio is currently 59.92%.

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.