Savoir Faire Capital Management L.P. Lowers Stock Holdings in Campbell Soup (NASDAQ:CPB)

Savoir Faire Capital Management L.P. lowered its position in Campbell Soup (NASDAQ:CPB) by 30.9% during the third quarter, Holdings Channel.com reports. The fund owned 69,827 shares of the company’s stock after selling 31,173 shares during the quarter. Campbell Soup accounts for 1.7% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 28th largest holding. Savoir Faire Capital Management L.P.’s holdings in Campbell Soup were worth $3,416,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Campbell Soup in the second quarter valued at about $32,000. nVerses Capital LLC acquired a new position in shares of Campbell Soup during the third quarter worth approximately $34,000. Ashton Thomas Securities LLC acquired a new stake in Campbell Soup in the third quarter worth approximately $39,000. TruNorth Capital Management LLC acquired a new stake in Campbell Soup in the second quarter worth approximately $44,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Campbell Soup during the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

CPB has been the topic of several recent analyst reports. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $55.00 to $58.00 in a research note on Monday, October 7th. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. boosted their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. 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 note on Thursday, September 12th. Finally, TD Cowen boosted their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.58.

Campbell Soup Trading Up 0.9 %

CPB stock opened at $43.52 on Tuesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. The company has a fifty day moving average price of $47.95 and a two-hundred day moving average price of $47.07. Campbell Soup has a one year low of $39.65 and a one year high of $52.81. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.19.

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

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 78.31%.

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.