Cerity Partners LLC Buys 190,901 Shares of Campbell Soup (NYSE:CPB)

Cerity Partners LLC increased its holdings in shares of Campbell Soup (NYSE:CPB - Free Report) by 326.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 249,316 shares of the company's stock after purchasing an additional 190,901 shares during the quarter. Cerity Partners LLC owned approximately 0.08% of Campbell Soup worth $10,778,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its position in Campbell Soup by 29.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 29,150 shares of the company's stock worth $1,299,000 after buying an additional 6,692 shares during the period. HighTower Advisors LLC increased its position in Campbell Soup by 60.0% during the first quarter. HighTower Advisors LLC now owns 20,855 shares of the company's stock worth $932,000 after buying an additional 7,819 shares during the period. Cetera Advisor Networks LLC increased its position in Campbell Soup by 31.3% during the first quarter. Cetera Advisor Networks LLC now owns 11,020 shares of the company's stock worth $491,000 after buying an additional 2,628 shares during the period. MetLife Investment Management LLC increased its position in Campbell Soup by 22.7% during the first quarter. MetLife Investment Management LLC now owns 54,864 shares of the company's stock worth $2,445,000 after buying an additional 10,144 shares during the period. Finally, Rhumbline Advisers increased its position in Campbell Soup by 6.8% during the first quarter. Rhumbline Advisers now owns 319,394 shares of the company's stock worth $14,235,000 after buying an additional 20,335 shares during the period. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell Soup Trading Up 0.9 %

Campbell Soup stock traded up $0.38 during trading on Monday, hitting $42.69. The company's stock had a trading volume of 2,060,604 shares, compared to its average volume of 2,756,703. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 2.77 and a beta of 0.24. The stock's fifty day moving average is $42.95 and its 200 day moving average is $42.31. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $55.52. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01.

Campbell Soup (NYSE:CPB - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, beating the consensus estimate 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 return on equity of 23.18% and a net margin of 8.26%. The business's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, equities research analysts predict that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.47%. Campbell Soup's dividend payout ratio (DPR) is currently 57.81%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. TheStreet raised Campbell Soup from a "c+" rating to a "b-" rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. boosted their target price on Campbell Soup from $47.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, March 1st. Evercore ISI initiated coverage on Campbell Soup in a report on Wednesday, March 13th. They set an "in-line" rating and a $49.00 price objective on the stock. Piper Sandler reaffirmed a "neutral" rating and set a $47.00 price objective on shares of Campbell Soup in a report on Tuesday, March 26th. Finally, DA Davidson assumed coverage on Campbell Soup in a research report on Friday, March 1st. They set a "buy" rating and a $48.00 target price on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $46.38.

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.