GAMMA Investing LLC Has $441,000 Holdings in Campbell Soup (NYSE:CPB)

GAMMA Investing LLC grew its holdings in shares of Campbell Soup (NYSE:CPB) by 117.7% in the 2nd quarter, Holdings Channel reports. The fund owned 9,752 shares of the company’s stock after buying an additional 5,273 shares during the period. GAMMA Investing LLC’s holdings in Campbell Soup were worth $441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CPB. Mather Group LLC. acquired a new position in Campbell Soup during the 1st quarter worth approximately $28,000. Jones Financial Companies Lllp bought a new position in shares of Campbell Soup in the 4th quarter valued at $31,000. Larson Financial Group LLC boosted its holdings in shares of Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after acquiring an additional 865 shares in the last quarter. Lindbrook Capital LLC grew its position in Campbell Soup by 79.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock worth $44,000 after acquiring an additional 449 shares during the last quarter. Finally, TFO Wealth Partners LLC increased its holdings in Campbell Soup by 10,366.7% in the 4th quarter. TFO Wealth Partners LLC now owns 1,256 shares of the company’s stock worth $519,000 after purchasing an additional 1,244 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Up 2.5 %

CPB traded up $1.21 during trading on Friday, hitting $49.10. The company’s stock had a trading volume of 3,713,549 shares, compared to its average volume of 2,208,116. The firm has a market capitalization of $14.66 billion, a P/E ratio of 19.88, a PEG ratio of 2.90 and a beta of 0.16. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $49.19. The stock’s fifty day moving average price is $45.23 and its 200-day moving average price is $44.34. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47.

Campbell Soup (NYSE:CPB) last released its earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. Campbell Soup’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. Analysts anticipate that Campbell Soup will post 3.08 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd were issued a $0.37 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $1.48 annualized dividend and a yield of 3.01%. Campbell Soup’s payout ratio is currently 59.92%.

Wall Street Analysts Forecast Growth

CPB has been the topic of a number of recent research reports. Citigroup lifted their price target on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research note on Thursday, May 23rd. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Friday. Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and raised their price target for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. DA Davidson lifted their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Wells Fargo & Company increased their price objective on Campbell Soup from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Campbell Soup has an average rating of “Hold” and a consensus target price of $46.56.

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.