Metis Global Partners LLC Buys 1,369 Shares of The Campbell Soup Company (NASDAQ:CPB)

Metis Global Partners LLC grew its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,259 shares of the company’s stock after buying an additional 1,369 shares during the quarter. Metis Global Partners LLC’s holdings in Campbell Soup were worth $597,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CPB. Ashton Thomas Securities LLC purchased a new stake in shares of Campbell Soup during the 3rd quarter valued at about $39,000. Principal Securities Inc. raised its position in Campbell Soup by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after purchasing an additional 290 shares during the period. Kentucky Trust Co purchased a new stake in Campbell Soup in the 4th quarter worth about $42,000. Quent Capital LLC raised its position in Campbell Soup by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after purchasing an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Campbell Soup during the fourth quarter worth approximately $47,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Price Performance

Shares of CPB opened at $39.18 on Thursday. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The company has a 50 day moving average of $39.48 and a two-hundred day moving average of $44.43.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 3.98%. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Barclays reduced their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Wells Fargo & Company reduced their target price on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Citigroup dropped their price objective on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.38.

About Campbell Soup

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.