New Mexico Educational Retirement Board Lowers Position in Campbell Soup (NYSE:CPB)

New Mexico Educational Retirement Board decreased its holdings in shares of Campbell Soup (NYSE:CPBGet Rating) by 5.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 11,712 shares of the company’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in Campbell Soup were worth $522,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CPB. Kentucky Retirement Systems boosted its stake in shares of Campbell Soup by 3.2% during the fourth quarter. Kentucky Retirement Systems now owns 12,119 shares of the company’s stock valued at $527,000 after purchasing an additional 372 shares in the last quarter. Captrust Financial Advisors boosted its position in Campbell Soup by 15.7% during the 3rd quarter. Captrust Financial Advisors now owns 2,783 shares of the company’s stock valued at $116,000 after acquiring an additional 378 shares in the last quarter. Carroll Financial Associates Inc. increased its holdings in shares of Campbell Soup by 45.3% in the 4th quarter. Carroll Financial Associates Inc. now owns 1,507 shares of the company’s stock valued at $63,000 after acquiring an additional 470 shares during the period. Levin Capital Strategies L.P. raised its position in shares of Campbell Soup by 6.6% in the 4th quarter. Levin Capital Strategies L.P. now owns 8,111 shares of the company’s stock worth $353,000 after acquiring an additional 500 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Campbell Soup by 1.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 40,601 shares of the company’s stock worth $1,752,000 after purchasing an additional 631 shares during the last quarter. Institutional investors and hedge funds own 51.89% of the company’s stock.

CPB has been the subject of a number of recent research reports. UBS Group boosted their target price on shares of Campbell Soup to $43.00 in a report on Thursday, June 9th. Stifel Nicolaus increased their target price on shares of Campbell Soup from $46.00 to $48.00 in a research report on Thursday, June 9th. Piper Sandler lifted their price target on shares of Campbell Soup from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, June 13th. StockNews.com upgraded Campbell Soup from a “hold” rating to a “buy” rating in a report on Saturday, May 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Campbell Soup from $47.00 to $49.00 in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and an average price target of $46.10.

Shares of NYSE:CPB opened at $47.40 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.69 and a debt-to-equity ratio of 1.18. Campbell Soup has a 52-week low of $39.76 and a 52-week high of $51.94. The stock has a market cap of $14.25 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 10.33 and a beta of 0.40. The business has a 50-day moving average price of $47.32 and a 200-day moving average price of $45.19.

Campbell Soup (NYSE:CPBGet Rating) last posted its quarterly earnings results on Wednesday, June 8th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.04 billion. Campbell Soup had a net margin of 11.23% and a return on equity of 26.07%. Campbell Soup’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. As a group, equities analysts anticipate that Campbell Soup will post 2.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Thursday, July 7th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.12%. The ex-dividend date is Wednesday, July 6th. Campbell Soup’s dividend payout ratio is currently 47.28%.

In other Campbell Soup news, EVP Craig Slavtcheff sold 13,110 shares of the stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $47.00, for a total transaction of $616,170.00. Following the sale, the executive vice president now directly owns 32,242 shares of the company’s stock, valued at approximately $1,515,374. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 35.62% of the stock is currently owned by company insiders.

Campbell Soup Company Profile (Get Rating)

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products 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.

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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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