Campbell Soup (NASDAQ:CPB) Holdings Raised by Vestcor Inc

Vestcor Inc increased its position in shares of Campbell Soup (NASDAQ:CPB) by 26.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,528 shares of the company’s stock after purchasing an additional 38,200 shares during the quarter. Vestcor Inc owned 0.06% of Campbell Soup worth $8,929,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC boosted its holdings in shares of Campbell Soup by 7.3% in the 1st quarter. Cetera Advisors LLC now owns 13,120 shares of the company’s stock valued at $583,000 after buying an additional 887 shares during the period. CWM LLC grew its holdings in shares of Campbell Soup by 15.9% during the second quarter. CWM LLC now owns 4,976 shares of the company’s stock valued at $225,000 after purchasing an additional 681 shares during the last quarter. Simplicity Wealth LLC bought a new position in shares of Campbell Soup during the second quarter valued at approximately $214,000. Czech National Bank lifted its holdings in shares of Campbell Soup by 8.3% in the 2nd quarter. Czech National Bank now owns 37,492 shares of the company’s stock worth $1,694,000 after purchasing an additional 2,879 shares during the last quarter. Finally, Wedmont Private Capital bought a new stake in shares of Campbell Soup in the 2nd quarter worth approximately $456,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Shares of NASDAQ CPB opened at $43.11 on Tuesday. Campbell Soup has a 1 year low of $40.26 and a 1 year high of $52.81. The firm has a market cap of $12.85 billion, a P/E ratio of 23.56, a PEG ratio of 2.94 and a beta of 0.18. The stock has a fifty day moving average price of $46.11 and a two-hundred day moving average price of $46.94. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell Soup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 annualized dividend and a yield of 3.62%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio (DPR) is currently 80.87%.

Analysts Set New Price Targets

Several brokerages have weighed in on CPB. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. Wells Fargo & Company dropped their price objective on shares of Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Barclays reduced their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday. Citigroup dropped their price target on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, December 5th. Finally, TD Cowen boosted their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.92.

Campbell Soup Company 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.