Commerzbank Aktiengesellschaft FI Buys 7,985 Shares of Campbell Soup (NASDAQ:CPB)

Commerzbank Aktiengesellschaft FI raised its position in Campbell Soup (NASDAQ:CPB) by 31.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,293 shares of the company’s stock after purchasing an additional 7,985 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Campbell Soup were worth $1,629,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in Campbell Soup during the first quarter worth $28,000. nVerses Capital LLC bought a new stake in Campbell Soup during the third quarter worth about $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Campbell Soup during the second quarter valued at approximately $32,000. Larson Financial Group LLC grew its stake in Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after purchasing an additional 865 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in shares of Campbell Soup during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Friday, September 20th. Wells Fargo & Company boosted their price target on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. TD Cowen raised their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. lifted their target price on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Finally, StockNews.com upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Campbell Soup has an average rating of “Hold” and a consensus price target of $50.83.

Campbell Soup Trading Down 0.4 %

Shares of Campbell Soup stock opened at $47.18 on Wednesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. The firm has a 50-day moving average of $49.53 and a 200-day moving average of $46.86. Campbell Soup has a 52-week low of $39.54 and a 52-week high of $52.81. The stock has a market cap of $14.09 billion, a PE ratio of 19.17, a PEG ratio of 2.83 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share 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 business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts forecast that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, October 3rd. Campbell Soup’s payout ratio is 59.92%.

About Campbell Soup

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.