Dumont & Blake Investment Advisors LLC Sells 4,501 Shares of Campbell Soup (NASDAQ:CPB)

Dumont & Blake Investment Advisors LLC reduced its stake in Campbell Soup (NASDAQ:CPB) by 50.0% during the third quarter, Holdings Channel.com reports. The fund owned 4,501 shares of the company’s stock after selling 4,501 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Campbell Soup were worth $220,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CPB. Point72 Asia Singapore Pte. Ltd. bought a new position in Campbell Soup in the 2nd quarter worth about $32,000. nVerses Capital LLC bought a new position in shares of Campbell Soup during the third quarter valued at approximately $34,000. Larson Financial Group LLC boosted its stake in shares of Campbell Soup by 3,760.9% during the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after purchasing an additional 865 shares in the last quarter. TruNorth Capital Management LLC bought a new position in shares of Campbell Soup during the second quarter valued at approximately $44,000. Finally, Rothschild Investment LLC bought a new position in shares of Campbell Soup during the second quarter valued at approximately $44,000. 52.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CPB. Barclays increased their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday, September 12th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and increased their target price for the company from $55.00 to $58.00 in a research report on Monday, October 7th. DA Davidson cut shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a research report on Friday, September 27th. Royal Bank of Canada increased their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. Finally, Wells Fargo & Company raised their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.83.

Campbell Soup Stock Up 0.2 %

NASDAQ:CPB opened at $47.07 on Friday. The firm has a market capitalization of $14.05 billion, a P/E ratio of 19.06, a PEG ratio of 2.83 and a beta of 0.18. Campbell Soup has a 1-year low of $39.65 and a 1-year high of $52.81. The company’s fifty day moving average price is $49.40 and its 200-day moving average price is $46.88. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share. As a group, equities research analysts anticipate that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, October 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.14%. Campbell Soup’s dividend payout ratio is presently 59.92%.

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.