20,889 Shares in Campbell Soup (NYSE:CPB) Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC acquired a new position in Campbell Soup (NYSE:CPBFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,889 shares of the company’s stock, valued at approximately $906,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Stifel Financial Corp grew its position in Campbell Soup by 0.4% in the third quarter. Stifel Financial Corp now owns 63,321 shares of the company’s stock worth $2,601,000 after acquiring an additional 261 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Campbell Soup by 4.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock worth $303,000 after buying an additional 286 shares during the period. Arizona State Retirement System boosted its position in shares of Campbell Soup by 0.7% during the fourth quarter. Arizona State Retirement System now owns 53,226 shares of the company’s stock worth $2,301,000 after buying an additional 364 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Campbell Soup by 6.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 6,196 shares of the company’s stock worth $268,000 after buying an additional 384 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position 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 worth $28,000 after buying an additional 406 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Stock Performance

Shares of CPB traded up $0.01 during midday trading on Tuesday, reaching $44.92. 72,704 shares of the stock were exchanged, compared to its average volume of 2,670,929. The business’s 50-day moving average price is $44.62 and its 200 day moving average price is $43.73. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.62 and a quick ratio of 0.24. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $46.97. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.80 and a beta of 0.19.

Campbell Soup (NYSE:CPBGet Free Report) last posted its earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Campbell Soup will post 3.08 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Wednesday, July 3rd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio is currently 59.92%.

Analysts Set New Price Targets

CPB has been the subject of several research analyst reports. Wells Fargo & Company raised their price target on Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, June 7th. DA Davidson increased their price objective on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. increased their price objective on Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Piper Sandler reiterated a “neutral” rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Tuesday, March 26th. Finally, Evercore ISI initiated coverage on Campbell Soup in a research note on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price objective on the stock. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Campbell Soup has a consensus rating of “Hold” and an average target price of $46.31.

Read Our Latest Research Report on CPB

Campbell Soup Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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