Campbell Soup (NYSE:CPB) Stock Position Raised by Balentine LLC

Balentine LLC lifted its holdings in shares of Campbell Soup (NYSE:CPB) by 28.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,791 shares of the company’s stock after buying an additional 2,193 shares during the period. Balentine LLC’s holdings in Campbell Soup were worth $423,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its holdings in shares of Campbell Soup by 13.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 305,969 shares of the company’s stock valued at $13,154,000 after buying an additional 36,108 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Campbell Soup by 326.8% during the fourth quarter. Cerity Partners LLC now owns 249,316 shares of the company’s stock valued at $10,778,000 after buying an additional 190,901 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Campbell Soup by 7.2% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 213,155 shares of the company’s stock worth $8,756,000 after purchasing an additional 14,271 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Campbell Soup by 8.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 670,468 shares of the company’s stock worth $28,984,000 after purchasing an additional 51,819 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. raised its holdings in Campbell Soup by 3.5% during the fourth quarter. Savoir Faire Capital Management L.P. now owns 107,262 shares of the company’s stock worth $4,637,000 after purchasing an additional 3,588 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

CPB has been the topic of several research analyst reports. Piper Sandler reiterated a “neutral” rating and set a $47.00 price objective on shares of Campbell Soup in a research report on Tuesday, March 26th. Evercore ISI assumed coverage on shares of Campbell Soup in a research report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 target price for the company. Citigroup assumed coverage on shares of Campbell Soup in a research note on Thursday, February 1st. They issued a “sell” rating and a $41.00 target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Thursday, March 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.35.

Campbell Soup Stock Down 0.8 %

Campbell Soup stock opened at $46.03 on Wednesday. The company has a market capitalization of $13.72 billion, a PE ratio of 17.98, a PEG ratio of 3.03 and a beta of 0.23. The firm’s fifty day moving average is $44.41 and its 200 day moving average is $43.27. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $52.71.

Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. As a group, sell-side analysts predict that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.22%. Campbell Soup’s dividend payout ratio is currently 57.81%.

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.