New York Life Investment Management LLC Sells 7,358 Shares of Campbell Soup (NYSE:CPB)

New York Life Investment Management LLC lowered its stake in Campbell Soup (NYSE:CPB) by 19.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,469 shares of the company’s stock after selling 7,358 shares during the quarter. New York Life Investment Management LLC’s holdings in Campbell Soup were worth $1,317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp grew its position in shares of Campbell Soup by 0.4% during the third quarter. Stifel Financial Corp now owns 63,321 shares of the company’s stock worth $2,601,000 after purchasing an additional 261 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Campbell Soup by 3.1% in the 3rd quarter. Inspire Investing LLC now owns 8,877 shares of the company’s stock worth $365,000 after purchasing an additional 267 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of Campbell Soup by 4.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,756 shares of the company’s stock worth $278,000 after purchasing an additional 298 shares during the period. Moors & Cabot Inc. boosted its holdings in shares of Campbell Soup by 3.0% in the 3rd quarter. Moors & Cabot Inc. now owns 10,210 shares of the company’s stock worth $419,000 after purchasing an additional 300 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Campbell Soup by 0.7% in the 4th quarter. Arizona State Retirement System now owns 53,226 shares of the company’s stock worth $2,301,000 after purchasing an additional 364 shares during the period. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Up 0.6 %

Shares of CPB stock opened at $45.16 on Wednesday. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $55.04. The stock’s fifty day moving average price is $43.76 and its 200 day moving average price is $42.88. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 0.43. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 2.93 and a beta of 0.23.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business earned $0.80 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, research analysts expect that Campbell Soup will post 3.05 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently announced 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 dividend yield of 3.28%. Campbell Soup’s payout ratio is currently 57.81%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPB. Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a report on Thursday, March 14th. DA Davidson began coverage on Campbell Soup in a report on Friday, March 1st. They issued a “buy” rating and a $48.00 target price for the company. Evercore ISI began coverage on Campbell Soup in a report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 target price for the company. JPMorgan Chase & Co. raised their price target on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, Citigroup began coverage on Campbell Soup in a research note on Thursday, February 1st. They set a “sell” rating and a $41.00 price target for the company. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.38.

Campbell Soup 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.