Campbell Soup (NYSE:CPB) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its position in Campbell Soup (NYSE:CPB) by 3.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,944 shares of the company’s stock after selling 349 shares during the quarter. Inspire Investing LLC’s holdings in Campbell Soup were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPB. Massmutual Trust Co. FSB ADV lifted its stake in shares of Campbell Soup by 165.7% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after buying an additional 406 shares during the period. Mather Group LLC. acquired a new stake in Campbell Soup in the 1st quarter worth about $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Campbell Soup in the fourth quarter worth approximately $31,000. Larson Financial Group LLC raised its stake in Campbell Soup by 3,760.9% during the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after purchasing an additional 865 shares during the period. Finally, Lindbrook Capital LLC boosted its holdings in shares of Campbell Soup by 79.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after purchasing an additional 449 shares during the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Price Performance

Shares of NYSE CPB traded up $0.39 during mid-day trading on Tuesday, reaching $45.99. The company had a trading volume of 702,036 shares, compared to its average volume of 2,687,171. The company has a 50-day moving average price of $44.91 and a two-hundred day moving average price of $44.03. The stock has a market cap of $13.73 billion, a PE ratio of 18.48, a P/E/G ratio of 2.89 and a beta of 0.16. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $46.97.

Campbell Soup (NYSE:CPB) last announced its earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.68 earnings per share. On average, equities analysts anticipate that Campbell Soup will post 3.08 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be issued a $0.37 dividend. The ex-dividend date 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 59.92%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised Campbell Soup from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $52.00 in a research report on Wednesday, June 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Friday, June 7th. 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 report on Wednesday, May 15th. Piper Sandler reaffirmed a “neutral” rating and set a $47.00 target price on shares of Campbell Soup in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company lifted their price target on shares of Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.56.

About Campbell Soup

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.