Ieq Capital LLC Sells 4,569 Shares of Campbell Soup (NYSE:CPB)

Ieq Capital LLC lowered its stake in shares of Campbell Soup (NYSE:CPBFree Report) by 42.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,317 shares of the company’s stock after selling 4,569 shares during the quarter. Ieq Capital LLC’s holdings in Campbell Soup were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Massmutual Trust Co. FSB ADV grew its stake in shares of Campbell Soup by 165.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $28,000 after acquiring an additional 406 shares in the last quarter. Allworth Financial LP increased 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 buying an additional 429 shares during the last quarter. Lindbrook Capital LLC lifted its position 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 buying an additional 449 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Campbell Soup in the 3rd quarter worth approximately $67,000. Finally, NBC Securities Inc. bought a new position in shares of Campbell Soup in the third quarter valued at approximately $78,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CPB. Royal Bank of Canada reiterated a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a report on Thursday, March 14th. Piper Sandler reissued a “neutral” rating and issued a $47.00 price target on shares of Campbell Soup in a report on Tuesday, March 26th. JPMorgan Chase & Co. increased 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. Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $42.00 to $46.00 in a research report on Wednesday. Finally, Citigroup assumed coverage on shares of Campbell Soup in a research report on Thursday, February 1st. They set a “sell” rating and a $41.00 target price for the company. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup currently has a consensus rating of “Hold” and a consensus price target of $46.35.

Get Our Latest Stock Analysis on Campbell Soup

Campbell Soup Stock Down 0.5 %

CPB stock opened at $46.46 on Friday. The stock has a 50-day simple moving average of $44.28 and a two-hundred day simple moving average of $43.18. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $53.22. The firm has a market capitalization of $13.85 billion, a PE ratio of 18.15, a PEG ratio of 3.05 and a beta of 0.23. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17.

Campbell Soup (NYSE:CPBGet Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, beating 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 company 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 earnings per share. Campbell Soup’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts predict that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.19%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio is 57.81%.

Campbell Soup Company 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.

See Also

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

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