Carlton Hofferkamp & Jenks Wealth Management LLC Sells 500 Shares of Campbell Soup (NASDAQ:CPB)

Carlton Hofferkamp & Jenks Wealth Management LLC decreased its position in shares of Campbell Soup (NASDAQ:CPB) by 5.4% during the third quarter, Holdings Channel.com reports. The fund owned 8,715 shares of the company’s stock after selling 500 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Campbell Soup were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. LSV Asset Management raised its stake in Campbell Soup by 5,022.5% during the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after purchasing an additional 2,390,700 shares during the period. Wulff Hansen & CO. raised its position in shares of Campbell Soup by 4,419.0% during the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock valued at $33,103,000 after buying an additional 716,320 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Campbell Soup by 88.2% in the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after buying an additional 558,944 shares in the last quarter. Armistice Capital LLC boosted its position in shares of Campbell Soup by 94.0% during the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock worth $48,259,000 after acquiring an additional 517,550 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Campbell Soup by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after acquiring an additional 363,736 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a report on Tuesday, August 27th. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Friday, September 20th. DA Davidson downgraded Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research note on Friday, September 27th. StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Finally, Royal Bank of Canada raised their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.83.

Campbell Soup Stock Down 1.2 %

NASDAQ CPB opened at $44.24 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. Campbell Soup has a 52 week low of $39.65 and a 52 week high of $52.81. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 2.67 and a beta of 0.19. The company has a fifty day moving average of $48.41 and a two-hundred day moving average of $47.10.

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

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s dividend 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.