Moors & Cabot Inc. Has $512,000 Position in Campbell Soup (NASDAQ:CPB)

Moors & Cabot Inc. boosted its holdings in shares of Campbell Soup (NASDAQ:CPB) by 4.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,460 shares of the company’s stock after acquiring an additional 450 shares during the period. Moors & Cabot Inc.’s holdings in Campbell Soup were worth $512,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LSV Asset Management grew its stake in shares of Campbell Soup by 5,022.5% during the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock worth $110,187,000 after purchasing an additional 2,390,700 shares during the period. Wulff Hansen & CO. boosted its holdings in Campbell Soup by 4,419.0% during the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock worth $33,103,000 after buying an additional 716,320 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Campbell Soup by 88.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after buying an additional 558,944 shares during the period. Armistice Capital LLC increased its stake in shares of Campbell Soup by 94.0% in the 2nd quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock valued at $48,259,000 after acquiring an additional 517,550 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after acquiring an additional 363,736 shares during the period. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Up 1.9 %

Shares of NASDAQ:CPB opened at $45.29 on Friday. The company’s 50-day moving average price is $47.42 and its two-hundred day moving average price is $47.00. Campbell Soup has a one year low of $39.65 and a one year high of $52.81. 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 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 (NASDAQ:CPB) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (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 firm posted $0.50 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities analysts forecast that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.27%. Campbell Soup’s dividend payout ratio is 78.31%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $55.00 to $58.00 in a report on Monday, October 7th. Royal Bank of Canada boosted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Barclays boosted their target price on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Thursday, September 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.