From MarketBeat:

Waldron Private Wealth LLC increased its holdings in Campbell Soup by 44.4% in the third quarter, now owning about 0.05% of the company’s stock. Several other hedge funds also made changes to their positions in CPB. Currently, institutional investors and hedge funds own 50.73% of the company’s stock.

Campbell Soup stock (CPB) traded up to $43.61 on Friday, with a market cap of $13.06 billion, a price-to-earnings ratio of 16.46, and a beta of 0.28. The company reported $0.91 earnings per share for the latest quarter, beating analysts’ consensus estimates of $0.87. The company’s revenue was $2.50 billion, down 2.9% year-over-year. On average, analysts forecast that Campbell Soup will post 3.09 EPS for the current fiscal year.

Campbell Soup recently declared a quarterly dividend of $0.37 per share, representing a $1.48 dividend on an annualized basis and a dividend yield of 3.39%. The company’s payout ratio is 55.85%.

EVP Anthony Sanzio sold 3,000 shares of Campbell Soup stock, valued at approximately $132,930. Following the sale, the executive vice president now owns 14,238 shares in the company.

Royal Bank of Canada reaffirmed a “sector perform” rating and a $47.00 target price on shares of Campbell Soup. Currently, the company has an average rating of “Hold” and a consensus target price of $47.13.

Campbell Soup Company 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.



Read more: Waldron Private Wealth LLC Increases Stock Position in Campbell Soup (NYSE:CPB)