Truvestments Capital LLC Invests $92,000 in Campbell Soup (NASDAQ:CPB)

Truvestments Capital LLC acquired a new position in shares of Campbell Soup (NASDAQ:CPB) during the third quarter, Holdings Channel reports. The institutional investor acquired 1,874 shares of the company’s stock, valued at approximately $92,000.

A number of other large investors have also modified their holdings of the stock. Harvest Fund Management Co. Ltd purchased a new position in Campbell Soup in the third quarter valued at $109,000. Dynamic Technology Lab Private Ltd purchased a new position in Campbell Soup in the third quarter valued at $1,007,000. Daiwa Securities Group Inc. increased its holdings in Campbell Soup by 32.8% in the third quarter. Daiwa Securities Group Inc. now owns 28,312 shares of the company’s stock valued at $1,385,000 after buying an additional 6,985 shares during the last quarter. Larson Financial Group LLC increased its holdings in Campbell Soup by 72.2% in the third quarter. Larson Financial Group LLC now owns 7,295 shares of the company’s stock valued at $357,000 after buying an additional 3,059 shares during the last quarter. Finally, Swedbank AB increased its holdings in Campbell Soup by 49.3% in the third quarter. Swedbank AB now owns 350,764 shares of the company’s stock valued at $17,159,000 after buying an additional 115,794 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CPB. DA Davidson lowered Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a report on Friday, September 27th. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Friday, September 20th. Royal Bank of Canada raised their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a report on Friday, September 13th. TD Cowen increased their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Finally, Barclays increased their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Thursday, September 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $51.58.

Campbell Soup Trading Up 1.5 %

Shares of CPB opened at $46.60 on Wednesday. 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 firm has a 50 day simple moving average of $47.19 and a 200-day simple moving average of $47.03. Campbell Soup has a 1-year low of $39.65 and a 1-year high of $52.81. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.60 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The business 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%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. Equities analysts forecast that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.18%. Campbell Soup’s payout ratio is currently 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.