The Campbell Soup Company (NASDAQ:CPB) Shares Sold by US Bancorp DE

US Bancorp DE lowered its stake in The Campbell Soup Company (NASDAQ:CPB) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,068 shares of the company’s stock after selling 5,503 shares during the quarter. US Bancorp DE’s holdings in Campbell Soup were worth $1,175,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in shares of Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after buying an additional 1,792,005 shares during the period. Raymond James Trust N.A. grew its position in Campbell Soup by 43.8% in the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock valued at $451,000 after acquiring an additional 2,809 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Campbell Soup by 161.8% during the fourth quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company’s stock worth $7,801,000 after purchasing an additional 115,122 shares during the period. ING Groep NV acquired a new stake in shares of Campbell Soup during the fourth quarter worth about $1,062,000. Finally, Hussman Strategic Advisors Inc. boosted its stake in shares of Campbell Soup by 133.3% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock valued at $6,156,000 after purchasing an additional 84,000 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 20.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus cut their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company cut their price objective on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday. BNP Paribas upgraded Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a research report on Wednesday, December 4th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Campbell Soup currently has a consensus rating of “Hold” and an average price target of $46.36.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $41.81 on Monday. The firm has a market capitalization of $12.47 billion, a P/E ratio of 22.85, a P/E/G ratio of 2.71 and a beta of 0.15. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81. The firm’s 50 day moving average is $39.39 and its two-hundred day moving average is $44.26.

Campbell Soup (NASDAQ:CPB) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Research analysts forecast that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is currently 90.17%.

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.