Raymond James & Associates, a prominent institutional investor, has recently increased its stake in Campbell Soup (NYSE:CPB), according to the company’s Form 13F filing with the Securities & Exchange Commission. The filing reveals that Raymond James & Associates purchased an additional 12,247 shares of Campbell Soup during the first quarter, resulting in a 6.3% increase in its overall position. With this acquisition, Raymond James & Associates now holds a total of 205,837 shares of Campbell Soup’s stock. This increase in ownership represents a value of $11,317,000 for the institutional investor.
Campbell Soup (NYSE:CPB) issued its latest quarterly earnings results on June 7th. The company reported earnings per share (EPS) of $0.68 for the quarter, surpassing the consensus estimate by $0.03 or approximately 4.6%. This positive performance demonstrates Campbell Soup’s ability to deliver strong financial results even amidst challenging market conditions.
Notably, the company achieved a net margin of 8.46%, indicating healthy profitability within its operations. Furthermore, Campbell Soup boasted a return on equity of 26.31%, illustrating its efficient use of shareholder resources to generate profits.
In terms of revenue generation, Campbell Soup recorded $2.23 billion for the quarter under review – meeting analyst expectations precisely. Remarkably, this result represents a growth rate of 4.6% compared to the corresponding period last year when the company earned $2.13 billion.
Looking ahead to future projections, industry experts anticipate that Campbell Soup will achieve earnings per share of $3 for the current year as a whole.
Campbell Soup Company is a leading manufacturer and marketer of food and beverage products globally; it operates both domestically and internationally through two key segments – Meals & Beverages and Snacks.
The Meals & Beverages segment primarily focuses on retail and foodservice businesses in both Canada and the United States. This sector is responsible for producing a wide range of delectable and nutritious food and beverage offerings that cater to diverse consumer preferences.
As for the Snacks segment, it specializes in snack production and distribution worldwide. These snacks include popular brands such as pretzels, cookies, and tortilla chips. The Snacks segment serves as an integral part of Campbell Soup’s overall product portfolio, catering to the ever-growing demand for convenient yet tasty snack options.
Campbell Soup has established itself as a renowned player within the food and beverage industry. The company’s commitment to innovation, quality, and customer satisfaction continues to drive its success in an increasingly competitive market.
In conclusion, Raymond James & Associates’ recent increase in its position within Campbell Soup demonstrates confidence in the company’s performance and future prospects. With its strong financial results, diverse product portfolio, and global presence, Campbell Soup remains well-positioned to deliver sustained growth in the dynamic food and beverage industry.
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Campbell Soup Attracts Significant Interest from Large Investors, Demonstrating Confidence in Potential Growth
Campbell Soup, a renowned food and beverage manufacturer and marketer, has seen significant activity from various large investors in recent months. Parkside Financial Bank & Trust, for instance, grew its position in Campbell Soup by an impressive 149.8% during the first quarter of this year. This surge led to the bank owning 597 shares of the company’s stock valued at $27,000 after acquiring an additional 358 shares in just the last quarter.
Another notable investor is Mitsubishi UFJ Morgan Stanley Securities Co. Ltd., which acquired a new stake in Campbell Soup during the fourth quarter of last year. The value of this stake was approximately $32,000. Additionally, Harvest Fund Management Co. Ltd also acquired a new stake in the company during the same period, albeit for a slightly higher amount of roughly $37,000.
Quent Capital LLC saw a remarkable increase in its position in Campbell Soup as well. It grew its stake by 347.5% during the fourth quarter, resulting in ownership of 1,065 shares valued at $60,000 after acquiring an additional 827 shares in that timeframe.
Furthermore, Compagnie Lombard Odier SCmA demonstrated interest in Campbell Soup by purchasing a new position during the fourth quarter for approximately $60,000.
Notably, institutional investors and hedge funds currently own 50% of Campbell Soup’s stock.
On Wednesday’s opening trade market session, shares of CPB opened at $46.51. The company boasts favorable financial indicators such as a debt-to-equity ratio of 1.25 and quick and current ratios of 0.36 and 0.92 respectively.
Over the past year alone, Campbell Soup has experienced contrasting highs and lows with a one-year low trading price recorded at $44.76 and a one-year high at $57.78.
Additionally, from examining moving averages over varying time frames it can be concluded that Campbell Soup seems to be on an upward trajectory. The 50-day moving average stands at $50.20 while the 200-day moving average is reported at $52.59.
In terms of market capitalization, Campbell Soup currently stands at $13.86 billion. It has a price-to-earnings ratio of 17.82 and a price-to-earnings-growth ratio of 4.49, implying that the company may be undervalued relative to its projected earnings growth rate. Moreover, its beta is calculated at 0.33, indicating a lower volatility compared to the broader market.
Campbell Soup Company operates through two segments: Meals & Beverages and Snacks. The Meals & Beverages segment focuses on retail and foodservice businesses in the United States and Canada.
Investors with shares of Campbell Soup should also take note that the company recently declared a quarterly dividend, which is scheduled to be paid on Monday, July 31st. Shareholders as of Thursday, July 6th will receive a dividend of $0.37 per share. This dividend represents an annualized payout of $1.48 and offers shareholders a yield of approximately 3.18%. As it stands, Campbell Soup’s dividend payout ratio (DPR) is currently at 56.71%.
Several research firms have also released reports regarding Campbell Soup’s stock performance and outlook for the future. Notably, Piper Sandler reduced their price target from $52 to $50 in their recent report published on June 26th.
Deutsche Bank Aktiengesellschaft also decreased its own target from $53 to $52 in their report dated June 12th.
Bank of America analysts adjusted their price objective as well, bringing it down from $51 to $49 in their June 8th analysis.
Credit Suisse Group took a slightly different approach by lifting Campbell Soup’s target price from $50 to $51. They also maintained a “neutral” rating on the stock in their report published on March 9th.
Finally, Royal Bank of Canada lowered Campbell Soup’s price target from $50 to $49 in their analysis shared on June 8th.
Overall, it should be highlighted that two analysts have given Campbell Soup’s stock a sell rating, while eight others have assigned a hold rating. Together, this creates an average rating of “Hold” for the company with an average price target of $50.83 according to data obtained from Bloomberg.
In conclusion, Campbell Soup has seen significant interest from large investors like Parkside Financial Bank & Trust, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd., Harvest Fund Management Co. Ltd., Quent Capital LLC, and Compagnie Lombard Odier SCmA. These investments highlight the confidence these investors have in the company’s potential growth.
With favorable financial indicators, positive moving averages, and a solid market presence, Campbell Soup continues to establish itself as a prominent player in the food and beverage industry both domestically and internationally. As always, potential investors should conduct thorough research and analysis before making any investment decisions related to Campbell Soup Company.