Friedenthal Financial Takes $48,000 Position in Campbell Soup (NASDAQ:CPB)

Friedenthal Financial bought a new position in shares of Campbell Soup (NASDAQ:CPB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 989 shares of the company’s stock, valued at approximately $48,000.

Other institutional investors have also recently modified their holdings of the company. M&G Plc purchased a new position in Campbell Soup in the 2nd quarter valued at about $469,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Campbell Soup during the 1st quarter worth $672,000. International Assets Investment Management LLC purchased a new stake in shares of Campbell Soup during the first quarter worth $935,000. Swedbank AB acquired a new stake in Campbell Soup in the 1st quarter valued at about $11,405,000. Finally, Dimensional Fund Advisors LP lifted its stake in Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after purchasing an additional 363,736 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Trading Down 0.4 %

NASDAQ CPB opened at $48.50 on Friday. Campbell Soup has a 52 week low of $39.48 and a 52 week high of $52.81. The firm has a 50 day moving average of $49.58 and a two-hundred day moving average of $46.78. The stock has a market capitalization of $14.48 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.83 and a beta of 0.18. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. Campbell Soup’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. As a group, research analysts expect that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.05%. Campbell Soup’s dividend payout ratio is currently 59.92%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CPB. TD Cowen lifted their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price on shares of Campbell Soup in a report on Tuesday, August 27th. Wells Fargo & Company raised their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Barclays upped their price objective on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, September 12th. Finally, Sanford C. Bernstein raised Campbell Soup from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.83.

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.