OVERSEA CHINESE BANKING Corp Ltd Sells 600 Shares of Campbell Soup (NYSE:CPB)

OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in shares of Campbell Soup (NYSE:CPB) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,007 shares of the company’s stock after selling 600 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Campbell Soup were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CPB. Invesco Ltd. lifted its holdings in shares of Campbell Soup by 6.8% in the third quarter. Invesco Ltd. now owns 5,035,674 shares of the company’s stock worth $206,865,000 after buying an additional 318,983 shares in the last quarter. Van ECK Associates Corp lifted its stake in Campbell Soup by 2,269.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,715,761 shares of the company’s stock worth $152,643,000 after purchasing an additional 3,558,933 shares in the last quarter. Northern Trust Corp boosted its holdings in Campbell Soup by 4.7% in the 3rd quarter. Northern Trust Corp now owns 2,845,931 shares of the company’s stock valued at $116,911,000 after purchasing an additional 127,574 shares during the period. Bank of New York Mellon Corp grew its position in shares of Campbell Soup by 19.3% during 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 purchasing an additional 349,485 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Campbell Soup by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,639,006 shares of the company’s stock worth $67,330,000 after purchasing an additional 14,555 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Shares of NYSE:CPB opened at $45.12 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.43 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average price of $42.97 and a 200-day moving average price of $42.40. The company has a market cap of $13.45 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.24. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $55.14.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. As a group, equities analysts anticipate that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Wednesday, April 3rd. Campbell Soup’s dividend payout ratio is currently 57.81%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CPB shares. TheStreet raised Campbell Soup from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Piper Sandler reissued a “neutral” rating and set a $47.00 price objective on shares of Campbell Soup in a report on Tuesday, March 26th. Citigroup began coverage on shares of Campbell Soup in a research report on Thursday, February 1st. They issued a “sell” rating and a $41.00 price objective on the stock. DA Davidson initiated coverage on shares of Campbell Soup in a research report on Friday, March 1st. They set a “buy” rating and a $48.00 target price for the company. Finally, Evercore ISI assumed coverage on shares of Campbell Soup in a report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Campbell Soup has a consensus rating of “Hold” and an average price target of $46.38.

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.