Signaturefd LLC Decreases Holdings in Campbell Soup (NYSE:CPB)

Signaturefd LLC trimmed its holdings in shares of Campbell Soup (NYSE:CPB) by 2.0% during the 4th quarter, Holdings Channel reports. The institutional investor 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 reporting period.

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. grew its holdings in Campbell Soup by 6.8% during the 3rd quarter. Invesco Ltd. now owns 5,035,674 shares of the company’s stock valued at $206,865,000 after purchasing an additional 318,983 shares during the last quarter. Van ECK Associates Corp grew its holdings in Campbell Soup by 2,269.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,715,761 shares of the company’s stock valued at $152,643,000 after purchasing an additional 3,558,933 shares during the last quarter. Northern Trust Corp grew its holdings in Campbell Soup by 4.7% during 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 last quarter. Bank of New York Mellon Corp grew its holdings in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Campbell Soup by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,639,006 shares of the company’s stock valued at $67,330,000 after purchasing an additional 14,555 shares during the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Thursday, March 14th. TheStreet upgraded shares of Campbell Soup from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Piper Sandler restated a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Tuesday, March 26th. JPMorgan Chase & Co. upped their target price on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, Evercore ISI assumed coverage on shares of 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. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Campbell Soup presently has an average rating of “Hold” and a consensus target price of $46.38.

Campbell Soup Trading Up 1.3 %

NYSE:CPB opened at $45.55 on Thursday. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $55.14. The firm has a 50 day moving average of $43.09 and a 200 day moving average of $42.48. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. The stock 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.

Campbell Soup (NYSE:CPB) last posted its earnings results on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. Campbell Soup’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Campbell Soup will post 3.05 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.25%. Campbell Soup’s dividend payout ratio is currently 57.81%.

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.