NEOS Investment Management LLC Has $252,000 Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

NEOS Investment Management LLC boosted its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 25.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,076 shares of the company’s stock after purchasing an additional 1,238 shares during the period. NEOS Investment Management LLC’s holdings in Campbell Soup were worth $252,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CPB. Sherman Asset Management Inc. acquired a new position in Campbell Soup during the fourth quarter worth about $36,000. Principal Securities Inc. increased its position in Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after purchasing an additional 290 shares in the last quarter. Kentucky Trust Co acquired a new stake in Campbell Soup in the fourth quarter valued at approximately $42,000. Quent Capital LLC grew its stake in shares of Campbell Soup by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after buying an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Campbell Soup during the fourth quarter worth $47,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of CPB opened at $39.92 on Tuesday. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The business’s 50 day moving average price is $39.10 and its two-hundred day moving average price is $42.92. The firm has a market cap of $11.90 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The company’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 3.91%. Campbell Soup’s dividend payout ratio is presently 90.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CPB shares. Bank of America reduced their price objective on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a research report on Thursday, March 6th. Royal Bank of Canada lowered their price objective on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, March 6th. DA Davidson cut their target price on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. BNP Paribas raised shares of Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. Finally, Barclays cut their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $44.86.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.19% of the stock is currently owned by corporate insiders.

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.