Financial Counselors Inc. Sells 1,219 Shares of Campbell Soup (NASDAQ:CPB)

Financial Counselors Inc. reduced its stake in Campbell Soup (NASDAQ:CPB) by 3.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 29,807 shares of the company’s stock after selling 1,219 shares during the quarter. Financial Counselors Inc.’s holdings in Campbell Soup were worth $1,458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Campbell Soup during the 2nd quarter worth approximately $32,000. nVerses Capital LLC acquired a new stake in shares of Campbell Soup in the 3rd quarter valued at approximately $34,000. Ashton Thomas Securities LLC bought a new position in shares of Campbell Soup in the third quarter valued at $39,000. TruNorth Capital Management LLC acquired a new position in Campbell Soup during the second quarter worth $44,000. Finally, Rothschild Investment LLC acquired a new stake in Campbell Soup in the second quarter valued at $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPB has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Barclays raised their price objective on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday, September 12th. Sanford C. Bernstein raised Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $55.00 to $58.00 in a report on Monday, October 7th. DA Davidson downgraded Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a report on Friday, September 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $51.58.

Campbell Soup Stock Performance

CPB opened at $46.20 on Friday. 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 52-week low of $39.65 and a 52-week high of $52.81. The firm has a market cap of $13.75 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 2.65 and a beta of 0.19. The business’s fifty day moving average is $46.80 and its 200-day moving average is $47.03.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings data 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 the consensus estimate of $2.31 billion. During the same period in the prior year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts expect that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a dividend of $0.37 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. Campbell Soup’s dividend payout ratio is 78.31%.

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.