Campbell Soup (NYSE:CPB) Shares Sold by Savant Capital LLC

Savant Capital LLC cut its stake in shares of Campbell Soup (NYSE:CPB) by 2.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,406 shares of the company’s stock after selling 306 shares during the period. Savant Capital LLC’s holdings in Campbell Soup were worth $450,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its holdings in 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 during the last quarter. ING Groep NV bought a new stake in shares of Campbell Soup in the third quarter worth $33,000. Allworth Financial LP grew its holdings in Campbell Soup by 110.0% during the 3rd quarter. Allworth Financial LP now owns 819 shares of the company’s stock worth $34,000 after acquiring an additional 429 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Campbell Soup by 79.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock worth $44,000 after purchasing an additional 449 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Campbell Soup during the third quarter worth about $67,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analysts Set New Price Targets

CPB has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 price target on shares of Campbell Soup in a report on Thursday, March 14th. Piper Sandler reissued a “neutral” rating and set a $47.00 target price on shares of Campbell Soup in a report on Tuesday, March 26th. Citigroup started coverage on shares of Campbell Soup in a report on Thursday, February 1st. They issued a “sell” rating and a $41.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, DA Davidson initiated coverage on shares of Campbell Soup in a report on Friday, March 1st. They issued a “buy” rating and a $48.00 target price on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.38.

Campbell Soup Stock Performance

CPB opened at $44.88 on Monday. The business has a fifty day simple moving average of $43.65 and a 200-day simple moving average of $42.81. The firm has a market cap of $13.38 billion, a PE ratio of 17.53, a P/E/G ratio of 2.93 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 has a fifty-two week low of $37.94 and a fifty-two week high of $55.04.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. As a group, equities analysts predict that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

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

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.