First Horizon Advisors Inc. Sells 7,889 Shares of Campbell Soup (NYSE:CPB)

First Horizon Advisors Inc. decreased its position in shares of Campbell Soup (NYSE:CPB) by 4.6% in the 4th quarter, Holdings Channel reports. The fund owned 164,383 shares of the company’s stock after selling 7,889 shares during the quarter. First Horizon Advisors Inc.’s holdings in Campbell Soup were worth $7,106,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in CPB. West Family Investments Inc. boosted its holdings in shares of Campbell Soup by 13.0% in the fourth quarter. West Family Investments Inc. now owns 6,914 shares of the company’s stock worth $299,000 after acquiring an additional 796 shares during the period. Fisher Asset Management LLC boosted its stake in Campbell Soup by 9.8% in the 4th quarter. Fisher Asset Management LLC now owns 85,244 shares of the company’s stock worth $3,685,000 after purchasing an additional 7,579 shares during the period. First Trust Direct Indexing L.P. grew its holdings in Campbell Soup by 42.9% during the 4th quarter. First Trust Direct Indexing L.P. now owns 9,808 shares of the company’s stock valued at $424,000 after buying an additional 2,946 shares in the last quarter. Howe & Rusling Inc. bought a new stake in shares of Campbell Soup during the fourth quarter valued at about $212,000. Finally, Concord Wealth Partners lifted its holdings in shares of Campbell Soup by 92.8% in the fourth quarter. Concord Wealth Partners now owns 3,698 shares of the company’s stock worth $160,000 after buying an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Down 2.2 %

Shares of CPB traded down $1.01 during trading hours on Friday, hitting $44.88. The company had a trading volume of 2,759,271 shares, compared to its average volume of 2,713,373. The firm has a market cap of $13.38 billion, a P/E ratio of 17.93, a P/E/G ratio of 2.97 and a beta of 0.23. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $55.04. The stock’s 50 day moving average price is $43.60 and its 200 day moving average price is $42.73. 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 (NYSE:CPB) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. On average, research analysts predict that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 4th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Wednesday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 57.81%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CPB shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a report on Thursday, March 14th. DA Davidson began coverage on Campbell Soup in a research report on Friday, March 1st. They issued a “buy” rating and a $48.00 price objective on the stock. Citigroup assumed coverage on Campbell Soup in a research note on Thursday, February 1st. They set a “sell” rating and a $41.00 price objective for the company. Piper Sandler restated a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Tuesday, March 26th. Finally, Evercore ISI started coverage on Campbell Soup in a research report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.38.

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.