Campbell Soup (NYSE:CPB) Shares Bought by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC raised its stake in Campbell Soup (NYSE:CPB) by 28.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,596 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Mizuho Markets Americas LLC’s holdings in Campbell Soup were worth $1,982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP boosted its stake in Campbell Soup by 6.5% in the fourth quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock valued at $28,592,000 after acquiring an additional 40,504 shares during the period. Lingohr Asset Management GmbH acquired a new position in shares of Campbell Soup during the fourth quarter worth approximately $627,000. Stephens Inc. AR acquired a new position in shares of Campbell Soup during the fourth quarter worth approximately $1,211,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Campbell Soup during the fourth quarter worth approximately $1,045,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Campbell Soup during the first quarter worth approximately $672,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Price Performance

Shares of NYSE CPB traded down $1.51 during trading on Friday, hitting $46.40. The company had a trading volume of 2,164,319 shares, compared to its average volume of 2,549,315. The company has a market cap of $13.85 billion, a P/E ratio of 18.79, a PEG ratio of 2.95 and a beta of 0.16. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $48.63. The business’s 50-day moving average is $45.05 and its 200 day moving average is $44.12. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.24 and a current ratio of 0.62.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Campbell Soup will post 3.08 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio (DPR) is currently 59.92%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CPB. DA Davidson boosted their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a research report on Friday, June 7th. JPMorgan Chase & Co. upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $45.00 to $52.00 in a research report on Wednesday, June 26th. Piper Sandler reissued a “neutral” rating and set a $47.00 target price on shares of Campbell Soup in a report on Tuesday, March 26th. Finally, Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.56.

Campbell Soup Company Profile

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.