Campbell Soup (NASDAQ:CPB) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its holdings in shares of Campbell Soup (NASDAQ:CPB) by 21.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,111 shares of the company’s stock after selling 12,170 shares during the period. Banque Cantonale Vaudoise’s holdings in Campbell Soup were worth $2,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CPB. Blair William & Co. IL increased 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. increased its holdings in shares of Campbell Soup by 1.3% in the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock valued at $986,000 after purchasing an additional 254 shares during the period. Diversified Trust Co increased its holdings in shares of Campbell Soup by 0.3% in the third quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock valued at $4,297,000 after purchasing an additional 283 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Campbell Soup by 4.0% in the third quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock valued at $369,000 after purchasing an additional 287 shares during the period. Finally, Creative Financial Designs Inc. ADV increased 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 purchasing an additional 290 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

Shares of CPB stock opened at $43.81 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. Campbell Soup has a one year low of $39.65 and a one year high of $52.81. The company’s 50-day simple moving average is $47.52 and its 200-day simple moving average is $47.02. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 2.57 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last issued 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 for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the company posted $0.50 earnings per share. Campbell Soup’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 fiscal year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s dividend payout ratio is 78.31%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CPB. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Friday, September 20th. Wells Fargo & Company raised their target price 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. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price target for the company from $47.00 to $56.00 in a report on Thursday, November 14th. DA Davidson cut Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a research note on Friday, September 27th. Finally, Sanford C. Bernstein raised 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 research note on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $51.58.

Campbell Soup Company 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.