Chiron Capital Management LLC Takes Position in Campbell Soup (NYSE:CPB)

Chiron Capital Management LLC bought a new stake in Campbell Soup (NYSE:CPBFree Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 5,000 shares of the company’s stock, valued at approximately $216,000.

Several other large investors have also recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV grew its holdings in Campbell Soup by 165.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after buying an additional 406 shares during the period. Lindbrook Capital LLC grew its holdings in Campbell Soup by 79.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after purchasing an additional 449 shares during the period. TFO Wealth Partners LLC grew its holdings in Campbell Soup by 10,366.7% in the fourth quarter. TFO Wealth Partners LLC now owns 1,256 shares of the company’s stock valued at $519,000 after purchasing an additional 1,244 shares during the period. Neo Ivy Capital Management acquired a new position in Campbell Soup during the third quarter worth approximately $67,000. Finally, NBC Securities Inc. purchased a new position in Campbell Soup during the third quarter worth approximately $78,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Stock Up 1.8 %

NYSE:CPB opened at $44.38 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 2.88 and a beta of 0.23. Campbell Soup has a one year low of $37.94 and a one year high of $52.12. The stock has a 50-day simple moving average of $44.68 and a 200 day simple moving average of $43.49.

Campbell Soup (NYSE:CPBGet Free Report) last issued its earnings results on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. Sell-side analysts predict that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be given a $0.37 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.33%. Campbell Soup’s payout ratio is currently 57.81%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CPB. Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $42.00 to $46.00 in a research report on Wednesday, May 15th. JPMorgan Chase & Co. raised their price target on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 1st. DA Davidson started coverage on shares of Campbell Soup in a research note on Friday, March 1st. They set a “buy” rating and a $48.00 price objective for the company. Piper Sandler reissued a “neutral” rating and issued a $47.00 price objective on shares of Campbell Soup in a research report on Tuesday, March 26th. Finally, Evercore ISI initiated coverage on shares of Campbell Soup in a report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.41.

Check Out Our Latest Stock Analysis on Campbell Soup

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.

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

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