Campbell Soup (NYSE:CPB) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of Campbell Soup (NYSE:CPBFree Report) by 84.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,609 shares of the company’s stock after selling 92,973 shares during the period. Teacher Retirement System of Texas’ holdings in Campbell Soup were worth $723,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust grew its stake in Campbell Soup by 149.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock worth $27,000 after buying an additional 358 shares during the last quarter. ING Groep NV purchased a new position in Campbell Soup during the 3rd quarter worth approximately $33,000. Allworth Financial LP grew its stake in Campbell Soup by 110.0% during the 3rd quarter. Allworth Financial LP now owns 819 shares of the company’s stock worth $34,000 after buying an additional 429 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Campbell Soup by 183.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 900 shares of the company’s stock worth $41,000 after buying an additional 582 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in Campbell Soup by 176.2% during the 3rd quarter. IFP Advisors Inc now owns 1,019 shares of the company’s stock worth $42,000 after buying an additional 650 shares during the last quarter. Institutional investors and hedge funds own 50.73% of the company’s stock.

Insider Buying and Selling

In other news, EVP Anthony Sanzio sold 3,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $44.31, for a total value of $132,930.00. Following the completion of the transaction, the executive vice president now directly owns 14,238 shares of the company’s stock, valued at $630,885.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CPB has been the topic of a number of research reports. Stephens initiated coverage on Campbell Soup in a research note on Friday, October 13th. They set an “overweight” rating and a $50.00 price target on the stock. StockNews.com began coverage on Campbell Soup in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Piper Sandler lifted their target price on Campbell Soup from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, December 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Thursday, December 7th. Finally, TheStreet upgraded Campbell Soup from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Campbell Soup has an average rating of “Hold” and an average price target of $47.13.

Check Out Our Latest Research Report on Campbell Soup

Campbell Soup Stock Performance

Shares of CPB stock opened at $44.68 on Wednesday. The stock has a fifty day moving average price of $43.08 and a 200 day moving average price of $42.43. The stock has a market cap of $13.38 billion, a PE ratio of 16.86, a P/E/G ratio of 3.76 and a beta of 0.28. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $56.04. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.97.

Campbell Soup (NYSE:CPBGet Free Report) last issued its quarterly earnings data on Wednesday, December 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Campbell Soup had a return on equity of 23.71% and a net margin of 8.55%. Campbell Soup’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.02 earnings per share. Sell-side analysts forecast that Campbell Soup will post 3.08 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Thursday, January 4th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $1.48 annualized dividend and a yield of 3.31%. Campbell Soup’s dividend payout ratio is presently 55.85%.

Campbell Soup Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.