Campbell Soup (NYSE:CPB) Shares Bought by RK Asset Management LLC

RK Asset Management LLC increased its stake in shares of Campbell Soup (NYSE:CPBFree Report) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,288 shares of the company’s stock after buying an additional 4,601 shares during the period. Campbell Soup accounts for approximately 5.0% of RK Asset Management LLC’s holdings, making the stock its 10th biggest holding. RK Asset Management LLC’s holdings in Campbell Soup were worth $6,102,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC bought a new stake in shares of Campbell Soup during the fourth quarter valued at approximately $906,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Campbell Soup in the 4th quarter valued at $1,045,000. Leo Wealth LLC acquired a new stake in shares of Campbell Soup in the 4th quarter valued at $1,430,000. Rovin Capital UT ADV acquired a new position in shares of Campbell Soup during the fourth quarter valued at $271,000. Finally, Fisher Asset Management LLC boosted its holdings in Campbell Soup by 9.6% in the fourth quarter. Fisher Asset Management LLC now owns 85,144 shares of the company’s stock valued at $3,681,000 after acquiring an additional 7,479 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CPB. Royal Bank of Canada restated a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a research report on Friday, June 7th. JPMorgan Chase & Co. raised their price objective on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and increased their price target for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. Wells Fargo & Company raised their price target on Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, June 7th. Finally, Evercore ISI initiated coverage on Campbell Soup in a research note on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.31.

View Our Latest Analysis on CPB

Campbell Soup Stock Up 0.1 %

Shares of CPB stock traded up $0.06 during trading hours on Tuesday, hitting $44.97. 2,557,412 shares of the company were exchanged, compared to its average volume of 2,692,166. The company has a market capitalization of $13.43 billion, a PE ratio of 18.21, a PEG ratio of 2.80 and a beta of 0.19. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $46.97. The business has a 50 day moving average of $44.63 and a two-hundred day moving average of $43.77. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47.

Campbell Soup (NYSE:CPBGet Free Report) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. Analysts anticipate that Campbell Soup will post 3.08 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.29%. Campbell Soup’s dividend payout ratio is currently 59.92%.

About Campbell Soup

(Free Report)

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.

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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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