Jump Financial LLC Acquires Shares of 9,432 Campbell Soup (NYSE:CPB)

Jump Financial LLC bought a new position in Campbell Soup (NYSE:CPBFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,432 shares of the company’s stock, valued at approximately $387,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Campbell Soup by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 23,259,524 shares of the company’s stock worth $1,036,678,000 after acquiring an additional 1,387,605 shares during the period. BlackRock Inc. lifted its stake in shares of Campbell Soup by 3.5% in the second quarter. BlackRock Inc. now owns 18,281,509 shares of the company’s stock valued at $835,648,000 after purchasing an additional 623,980 shares during the period. State Street Corp lifted its stake in shares of Campbell Soup by 16.8% in the first quarter. State Street Corp now owns 12,182,043 shares of the company’s stock valued at $542,954,000 after purchasing an additional 1,749,650 shares during the period. Beutel Goodman & Co Ltd. lifted its stake in shares of Campbell Soup by 2.3% in the second quarter. Beutel Goodman & Co Ltd. now owns 5,274,588 shares of the company’s stock valued at $241,101,000 after purchasing an additional 119,965 shares during the period. Finally, Brandywine Trust Co. lifted its stake in shares of Campbell Soup by 25.5% in the second quarter. Brandywine Trust Co. now owns 4,872,923 shares of the company’s stock valued at $222,741,000 after purchasing an additional 991,260 shares during the period. Institutional investors and hedge funds own 50.73% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on CPB shares. Citigroup started coverage on shares of Campbell Soup in a research note on Thursday, February 1st. They issued a “sell” rating and a $41.00 price objective for the company. TheStreet upgraded shares of Campbell Soup from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Piper Sandler lifted their target price on shares of Campbell Soup from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, December 7th. Wells Fargo & Company began coverage on shares of Campbell Soup in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $47.00 target price for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a research report on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.75.

View Our Latest Stock Report on Campbell Soup

Campbell Soup Price Performance

Campbell Soup stock opened at $41.99 on Monday. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $56.04. The firm has a 50 day moving average price of $43.62 and a 200 day moving average price of $42.31. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 3.54 and a beta of 0.26. 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 announced its quarterly earnings results on Wednesday, December 6th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Campbell Soup had a net margin of 8.55% and a return on equity of 23.71%. Campbell Soup’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 earnings per share. Sell-side analysts predict that Campbell Soup will post 3.08 earnings per share for the current year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Thursday, January 4th were given a dividend of $0.37 per share. The ex-dividend date was Wednesday, January 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.52%. Campbell Soup’s payout ratio is currently 55.85%.

Insider Transactions at Campbell Soup

In related news, EVP Anthony Sanzio sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $44.31, for a total value of $132,930.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 20.64% of the company’s stock.

About Campbell Soup

(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.

See Also

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

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