Xponance Inc. Trims Holdings in Campbell Soup (NYSE:CPB)

Xponance Inc. trimmed its holdings in Campbell Soup (NYSE:CPB) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,918 shares of the company’s stock after selling 3,402 shares during the quarter. Xponance Inc.’s holdings in Campbell Soup were worth $1,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of CPB. Massmutual Trust Co. FSB ADV increased 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 purchasing an additional 406 shares in the last quarter. ING Groep NV bought a new stake in Campbell Soup in the third quarter worth $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 acquiring an additional 429 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Campbell Soup by 176.2% during the third quarter. IFP Advisors Inc now owns 1,019 shares of the company’s stock valued at $42,000 after acquiring an additional 650 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of Campbell Soup in the 3rd quarter worth about $67,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Evercore ISI began coverage on shares of Campbell Soup in a report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price objective for the company. Piper Sandler reaffirmed a “neutral” rating and issued a $47.00 price objective on shares of Campbell Soup in a research report on Tuesday, March 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a report on Thursday, March 14th. Finally, TheStreet raised 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 issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.38.

Campbell Soup Trading Up 1.3 %

CPB stock opened at $45.55 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 0.43. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $55.14. The business has a 50 day simple moving average of $43.09 and a two-hundred day simple moving average of $42.48. The company 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 issued its earnings results 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 during the quarter, compared to analyst estimates of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. Campbell Soup’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. Research analysts anticipate that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders 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 annualized dividend and a dividend yield of 3.25%. Campbell Soup’s dividend payout ratio (DPR) is 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.