Campbell Soup (NYSE:CPB) Shares Purchased by Balentine LLC

Balentine LLC raised its position in shares of Campbell Soup (NYSE:CPB) by 28.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,791 shares of the company’s stock after purchasing 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 quarter.

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

Campbell Soup Stock Performance

Shares of CPB opened at $46.03 on Wednesday. The company’s 50 day moving average price is $44.41 and its 200 day moving average price is $43.27. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $52.71. 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 company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The firm 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 firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 earnings per share. Research analysts expect that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on CPB. JPMorgan Chase & Co. boosted their price target 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. DA Davidson started coverage on shares of Campbell Soup in a research report on Friday, March 1st. They set a “buy” rating and a $48.00 price target on the stock. Evercore ISI started coverage on shares of Campbell Soup in a report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 target price on the stock. Citigroup started coverage on shares of Campbell Soup in a report on Thursday, February 1st. They issued a “sell” rating and a $41.00 target price on the stock. Finally, Piper Sandler reiterated a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a report on Tuesday, March 26th. Three research 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.35.

Campbell Soup Company 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.