Signaturefd LLC Sells 242 Shares of Campbell Soup (NYSE:CPB)

Signaturefd LLC reduced its stake in shares of Campbell Soup (NYSE:CPB) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,973 shares of the company’s stock after selling 242 shares during the quarter. Signaturefd LLC’s holdings in Campbell Soup were worth $518,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its stake in shares of Campbell Soup by 165.7% during the fourth 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 last quarter. ING Groep NV bought a new stake in shares of Campbell Soup in the third quarter worth about $33,000. Allworth Financial LP grew its stake in shares of Campbell Soup by 110.0% in the third quarter. Allworth Financial LP now owns 819 shares of the company’s stock worth $34,000 after purchasing an additional 429 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Campbell Soup by 79.9% in the fourth 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, IFP Advisors Inc grew its stake in shares of Campbell Soup by 176.2% in the third quarter. IFP Advisors Inc now owns 1,019 shares of the company’s stock worth $42,000 after purchasing an additional 650 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CPB. Piper Sandler reissued a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Tuesday, March 26th. Evercore ISI began coverage on Campbell Soup in a research note on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. DA Davidson began coverage on Campbell Soup in a research note on Friday, March 1st. They issued a “buy” rating and a $48.00 target price on the stock. Finally, TheStreet upgraded shares of Campbell Soup from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, ten have given 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 an average price target of $46.38.

Campbell Soup Price Performance

CPB stock opened at $45.55 on Thursday. The firm has a 50 day moving average price of $43.09 and a 200-day moving average price of $42.48. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $55.14. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.95 and a beta of 0.24. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01.

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

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. Campbell Soup’s payout ratio is currently 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.