Vontobel Holding Ltd. decreased its position in shares of Campbell Soup (NYSE:CPB - Free Report) by 32.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,108 shares of the company's stock after selling 21,982 shares during the period. Vontobel Holding Ltd.'s holdings in Campbell Soup were worth $1,993,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Campbell Soup by 6.3% in the first quarter. Vanguard Group Inc. now owns 23,259,524 shares of the company's stock worth $1,036,678,000 after acquiring an additional 1,387,605 shares in the last quarter. BlackRock Inc. grew its position in Campbell Soup by 2.1% in the first quarter. BlackRock Inc. now owns 17,657,529 shares of the company's stock worth $970,811,000 after acquiring an additional 357,500 shares in the last quarter. State Street Corp grew its position in Campbell Soup by 16.8% in the first quarter. State Street Corp now owns 12,182,043 shares of the company's stock worth $542,954,000 after acquiring an additional 1,749,650 shares in the last quarter. Invesco Ltd. grew its position in Campbell Soup by 6.8% in the third quarter. Invesco Ltd. now owns 5,035,674 shares of the company's stock worth $206,865,000 after acquiring an additional 318,983 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Campbell Soup by 1.2% in the first quarter. Geode Capital Management LLC now owns 4,375,839 shares of the company's stock worth $240,059,000 after acquiring an additional 49,905 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.
Campbell Soup Stock Up 1.1 %
NYSE CPB traded up $0.49 on Friday, hitting $44.20. The stock had a trading volume of 2,240,682 shares, compared to its average volume of 2,264,584. The business's fifty day moving average price is $42.97 and its 200 day moving average price is $42.37. 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 52-week low of $37.94 and a 52-week high of $55.14. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 2.86 and a beta of 0.24.
Campbell Soup (NYSE:CPB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. The firm had revenue of $2.46 billion for 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%. The business's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. Equities research analysts anticipate that Campbell Soup will post 3.05 earnings per share for the current year.
Campbell Soup Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.35%. The ex-dividend date is Wednesday, April 3rd. Campbell Soup's payout ratio is 57.81%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of Campbell Soup in a research note on Wednesday, March 13th. They issued an "in-line" rating and a $49.00 price objective for the company. Piper Sandler reissued a "neutral" rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Tuesday, March 26th. TheStreet raised shares of Campbell Soup from a "c+" rating to a "b-" rating in a research note on Wednesday, January 3rd. DA Davidson started coverage on shares of Campbell Soup in a research note on Friday, March 1st. They issued a "buy" rating and a $48.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price target 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. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $46.38.
Check Out Our Latest Report on Campbell Soup
Campbell Soup 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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