Securian Asset Management Inc. Has $534,000 Stake in Campbell Soup (NYSE:CPB)

Securian Asset Management Inc. reduced its stake in Campbell Soup (NYSE:CPB) by 12.5% in the 4th quarter, Holdings Channel reports. The firm owned 12,342 shares of the company’s stock after selling 1,759 shares during the period. Securian Asset Management Inc.’s holdings in Campbell Soup were worth $534,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in CPB. Panagora Asset Management Inc. lifted its stake in shares of Campbell Soup by 14.3% in the fourth quarter. Panagora Asset Management Inc. now owns 115,589 shares of the company’s stock worth $4,997,000 after buying an additional 14,459 shares during the last quarter. Fiera Capital Corp acquired a new position in Campbell Soup during the 4th quarter worth $687,000. Bedel Financial Consulting Inc. boosted its holdings in Campbell Soup by 11.6% during the fourth quarter. Bedel Financial Consulting Inc. now owns 5,560 shares of the company’s stock valued at $240,000 after acquiring an additional 578 shares during the period. Beacon Pointe Advisors LLC grew its position in shares of Campbell Soup by 5.5% in the fourth quarter. Beacon Pointe Advisors LLC now owns 12,180 shares of the company’s stock valued at $527,000 after purchasing an additional 636 shares during the last quarter. Finally, Inceptionr LLC bought a new position in shares of Campbell Soup in the fourth quarter worth about $215,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Up 0.6 %

CPB stock opened at $46.29 on Thursday. 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 firm has a market cap of $13.80 billion, a P/E ratio of 18.08, a P/E/G ratio of 3.03 and a beta of 0.23. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $52.12. The business’s 50 day moving average is $44.48 and its 200-day moving average is $43.29.

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

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd will be given a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.20%. Campbell Soup’s dividend payout ratio (DPR) is presently 57.81%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CPB shares. DA Davidson initiated coverage on Campbell Soup in a research note on Friday, March 1st. They set a “buy” rating and a $48.00 target price for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $47.00 price objective on shares of Campbell Soup in a research report on Thursday, March 14th. Sanford C. Bernstein upgraded shares of Campbell Soup from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $42.00 to $46.00 in a research note on Wednesday, May 15th. JPMorgan Chase & Co. upped their target price 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. Finally, Piper Sandler reissued a “neutral” rating and issued a $47.00 price target on shares of Campbell Soup in a report on Tuesday, March 26th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.35.

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.