LSV Asset Management Buys 14,500 Shares of Campbell Soup (NYSE:CPB)

LSV Asset Management grew its stake in shares of Campbell Soup (NYSE:CPB) by 43.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,600 shares of the company’s stock after buying an additional 14,500 shares during the quarter. LSV Asset Management’s holdings in Campbell Soup were worth $2,058,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Raymond James & Associates increased its holdings in Campbell Soup by 3.2% in the 3rd quarter. Raymond James & Associates now owns 365,966 shares of the company’s stock worth $15,034,000 after purchasing an additional 11,272 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Campbell Soup by 19.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,157,930 shares of the company’s stock valued at $88,648,000 after buying an additional 349,485 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Campbell Soup by 16.8% during the 3rd quarter. IFM Investors Pty Ltd now owns 41,586 shares of the company’s stock worth $1,708,000 after buying an additional 5,990 shares during the period. Inspire Investing LLC grew its holdings in Campbell Soup by 3.1% during the 3rd quarter. Inspire Investing LLC now owns 8,877 shares of the company’s stock worth $365,000 after acquiring an additional 267 shares during the last quarter. Finally, TD Asset Management Inc increased its position in Campbell Soup by 3.1% in the 3rd quarter. TD Asset Management Inc now owns 837,896 shares of the company’s stock valued at $34,421,000 after acquiring an additional 25,566 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CPB. DA Davidson began coverage on shares of Campbell Soup in a research note on Friday, March 1st. They issued a “buy” rating and a $48.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Piper Sandler restated a “neutral” rating and set a $47.00 price target on shares of Campbell Soup in a research note on Tuesday, March 26th. Evercore ISI started coverage on shares of Campbell Soup in a research report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price objective for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a research report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Campbell Soup currently has an average rating of “Hold” and a consensus target price of $46.38.

Campbell Soup Stock Up 0.5 %

Shares of NYSE CPB opened at $45.25 on Friday. 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 stock has a market capitalization of $13.49 billion, a PE ratio of 17.68, a P/E/G ratio of 2.93 and a beta of 0.23. Campbell Soup has a one year low of $37.94 and a one year high of $54.80. The business’s fifty day moving average price is $43.87 and its 200-day moving average price is $42.92.

Campbell Soup (NYSE:CPB) last released 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. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, equities research analysts anticipate that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.27%. Campbell Soup’s dividend 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.