Rovin Capital UT ADV Purchases 1,453 Shares of Campbell Soup (NASDAQ:CPB)

Rovin Capital UT ADV raised its holdings in shares of Campbell Soup (NASDAQ:CPB) by 10.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,468 shares of the company’s stock after acquiring an additional 1,453 shares during the quarter. Rovin Capital UT ADV’s holdings in Campbell Soup were worth $757,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. nVerses Capital LLC bought a new stake in shares of Campbell Soup during the 3rd quarter worth approximately $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Campbell Soup in the second quarter valued at $32,000. TruNorth Capital Management LLC bought a new position in shares of Campbell Soup in the 2nd quarter valued at about $44,000. Rothschild Investment LLC acquired a new position in shares of Campbell Soup during the 2nd quarter worth about $44,000. Finally, Sentry Investment Management LLC bought a new stake in shares of Campbell Soup in the 2nd quarter valued at about $44,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Up 1.0 %

NASDAQ:CPB opened at $45.59 on Friday. Campbell Soup has a 52 week low of $39.65 and a 52 week high of $52.81. 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’s fifty day moving average is $48.65 and its 200-day moving average is $47.08. The firm has a market cap of $13.57 billion, a P/E ratio of 24.12, a P/E/G ratio of 2.76 and a beta of 0.19.

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

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is currently 78.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CPB. DA Davidson downgraded shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a report on Friday, September 27th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. Barclays boosted their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday, September 12th. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Finally, TD Cowen boosted their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.83.

Campbell Soup 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.