14,452 Shares in Campbell Soup (NYSE:CPB) Bought by Mission Wealth Management LP

Mission Wealth Management LP acquired a new position in shares of Campbell Soup (NYSE:CPB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,452 shares of the company’s stock, valued at approximately $625,000.

A number of other institutional investors have also made changes to their positions in the stock. Massmutual Trust Co. FSB ADV grew its stake 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 acquiring an additional 406 shares during the period. ING Groep NV acquired a new position in Campbell Soup in the third quarter valued at about $33,000. Allworth Financial LP grew its stake in Campbell Soup by 110.0% in the third quarter. Allworth Financial LP now owns 819 shares of the company’s stock valued at $34,000 after acquiring an additional 429 shares during the period. Lindbrook Capital LLC grew its stake in Campbell Soup by 79.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after acquiring an additional 449 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in Campbell Soup in the third quarter valued at about $67,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

CPB opened at $45.89 on Friday. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $55.04. The firm has a market capitalization of $13.68 billion, a PE ratio of 17.93, a PEG ratio of 2.99 and a beta of 0.23. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. The business’s 50-day simple moving average is $43.60 and its 200 day simple moving average is $42.73.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 23.18% and a net margin of 8.26%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 earnings per share. As a group, sell-side analysts expect that Campbell Soup will post 3.05 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 4th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Wednesday, April 3rd. Campbell Soup’s dividend payout ratio is presently 57.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a research report on Thursday, March 14th. Citigroup began coverage on Campbell Soup in a research report on Thursday, February 1st. They set a “sell” rating and a $41.00 price objective for the company. Piper Sandler reaffirmed a “neutral” rating and set a $47.00 price objective on shares of Campbell Soup in a research report on Tuesday, March 26th. Finally, DA Davidson began coverage on Campbell Soup in a research report on Friday, March 1st. They set a “buy” rating and a $48.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Campbell Soup has a consensus rating of “Hold” and a consensus target price of $46.38.

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.