Campbell Soup (NYSE:CPB) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in shares of Campbell Soup (NYSE:CPB) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,383 shares of the company’s stock after selling 11,693 shares during the period. Los Angeles Capital Management LLC’s holdings in Campbell Soup were worth $3,561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp grew its holdings in Campbell Soup by 97.2% in the 4th quarter. Van ECK Associates Corp now owns 7,329,256 shares of the company’s stock valued at $316,844,000 after buying an additional 3,613,495 shares during the period. Deutsche Bank AG boosted its holdings in shares of Campbell Soup by 62.3% in the 3rd quarter. Deutsche Bank AG now owns 1,453,612 shares of the company’s stock valued at $59,714,000 after purchasing an additional 557,948 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Campbell Soup by 19.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,157,930 shares of the company’s stock valued at $88,648,000 after buying an additional 349,485 shares during the period. Invesco Ltd. increased its holdings in shares of Campbell Soup by 6.8% during the 3rd quarter. Invesco Ltd. now owns 5,035,674 shares of the company’s stock worth $206,865,000 after buying an additional 318,983 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Campbell Soup by 78.6% in the 3rd quarter. Victory Capital Management Inc. now owns 545,542 shares of the company’s stock worth $22,411,000 after buying an additional 240,123 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Stock Performance

NYSE:CPB opened at $44.88 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.43 and a debt-to-equity ratio of 1.17. The stock has a market cap of $13.38 billion, a P/E ratio of 17.53, a PEG ratio of 2.93 and a beta of 0.23. The stock has a 50 day simple moving average of $43.65 and a 200 day simple moving average of $42.81. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $55.04.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the business posted $0.80 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Research analysts anticipate that Campbell Soup will post 3.05 earnings per share for the current year.

Campbell Soup Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. DA Davidson started 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Thursday, March 14th. Piper Sandler reiterated a “neutral” rating and set a $47.00 target price on shares of Campbell Soup in a report on Tuesday, March 26th. Finally, Evercore ISI initiated coverage on Campbell Soup in a report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price target for the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Campbell Soup currently has an average rating of “Hold” and an average price target of $46.38.

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.