OVERSEA CHINESE BANKING Corp Ltd Sells 600 Shares of Campbell Soup (NYSE:CPB)

OVERSEA CHINESE BANKING Corp Ltd trimmed its stake in shares of Campbell Soup (NYSE:CPB) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,007 shares of the company’s stock after selling 600 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Campbell Soup were worth $215,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Campbell Soup by 165.7% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after purchasing an additional 406 shares in the last quarter. ING Groep NV bought a new stake in Campbell Soup in the 3rd quarter valued at approximately $33,000. Allworth Financial LP lifted its stake in Campbell Soup by 110.0% in the 3rd quarter. Allworth Financial LP now owns 819 shares of the company’s stock valued at $34,000 after acquiring an additional 429 shares in the last quarter. IFP Advisors Inc boosted its position 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 acquiring an additional 650 shares during the last quarter. Finally, Lindbrook Capital LLC grew its stake in shares of Campbell Soup by 79.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock worth $44,000 after acquiring an additional 449 shares in the last quarter. 52.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CPB. DA Davidson started coverage on shares of Campbell Soup in a report on Friday, March 1st. They set a “buy” rating and a $48.00 target price for the company. Piper Sandler reaffirmed a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Tuesday, March 26th. JPMorgan Chase & Co. increased their price target on Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. TheStreet raised Campbell Soup from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Finally, Evercore ISI assumed coverage on Campbell Soup in a report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $46.38.

Campbell Soup Stock Up 2.1 %

CPB opened at $45.12 on Tuesday. The stock has a fifty day moving average of $42.97 and a 200-day moving average of $42.40. The company has a market capitalization of $13.45 billion, a P/E ratio of 17.63, a P/E/G ratio of 2.89 and a beta of 0.24. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $55.14. 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 issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the company earned $0.80 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, equities analysts expect that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a yield of 3.28%. Campbell Soup’s dividend payout ratio is presently 57.81%.

About Campbell Soup

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.