Captrust Financial Advisors Sells 1,158 Shares of Campbell Soup (NASDAQ:CPB)

Captrust Financial Advisors trimmed its holdings in Campbell Soup (NASDAQ:CPB – Free Report) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,929 shares of the company’s stock after selling 1,158 shares during the quarter. Captrust Financial Advisors’ holdings in Campbell Soup were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CPB. Blair William & Co. IL raised its holdings in Campbell Soup by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock valued at $1,982,000 after acquiring an additional 218 shares in the last quarter. Brown Lisle Cummings Inc. raised its stake in shares of Campbell Soup by 1.3% in the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock valued at $986,000 after purchasing an additional 254 shares in the last quarter. Diversified Trust Co lifted its position in Campbell Soup by 0.3% in the third quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock worth $4,297,000 after purchasing an additional 283 shares during the period. V Square Quantitative Management LLC boosted its stake in Campbell Soup by 4.0% during the third quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock worth $369,000 after buying an additional 287 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in Campbell Soup by 7.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock valued at $207,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CPB shares. Stifel Nicolaus decreased their target price on shares of Campbell Soup from $50.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Wells Fargo & Company decreased their price target on Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Finally, Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.92.

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Campbell Soup Stock Up 1.0 %

Shares of NASDAQ CPB opened at $43.54 on Wednesday. Campbell Soup has a 12-month low of $40.26 and a 12-month high of $52.81. The firm’s 50-day simple moving average is $46.01 and its 200 day simple moving average is $46.93. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The company has a market cap of $12.98 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 2.94 and a beta of 0.18.

Campbell Soup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Thursday, January 2nd. Campbell Soup’s dividend payout ratio is 80.87%.

About Campbell Soup

(Free Report)

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.