Duality Advisers LP Takes Position in Campbell Soup (NYSE:CPB)

Duality Advisers LP acquired a new position in shares of Campbell Soup (NYSE:CPB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 26,160 shares of the company's stock, valued at approximately $1,131,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its holdings in Campbell Soup by 165.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company's stock valued at $28,000 after purchasing an additional 406 shares in the last quarter. ING Groep NV acquired a new stake in shares of Campbell Soup during the 3rd quarter worth about $33,000. Allworth Financial LP increased its position in shares of Campbell Soup by 110.0% during the 3rd quarter. Allworth Financial LP now owns 819 shares of the company's stock worth $34,000 after purchasing an additional 429 shares during the last quarter. IFP Advisors Inc increased its position in shares of Campbell Soup by 176.2% during the 3rd quarter. IFP Advisors Inc now owns 1,019 shares of the company's stock worth $42,000 after purchasing an additional 650 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in Campbell Soup by 79.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company's stock valued at $44,000 after acquiring an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell Soup Trading Up 1.3 %

NYSE CPB traded up $0.59 during mid-day trading on Wednesday, reaching $45.55. 3,510,011 shares of the stock were exchanged, compared to its average volume of 2,733,309. The stock has a market capitalization of $13.58 billion, a PE ratio of 17.79, a PEG ratio of 2.95 and a beta of 0.24. The business's fifty day simple moving average is $43.09 and its 200 day simple moving average is $42.48. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $55.14. 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 posted its earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The business's quarterly revenue was down 1.2% on a year-over-year basis. On average, research analysts anticipate that Campbell Soup will post 3.05 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, April 3rd. Campbell Soup's dividend payout ratio (DPR) is presently 57.81%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Thursday, March 14th. 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. Evercore ISI began coverage on Campbell Soup in a research note on Wednesday, March 13th. They set an "in-line" rating and a $49.00 target price for the company. DA Davidson began 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. Finally, TheStreet upgraded Campbell Soup from a "c+" rating to a "b-" rating in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $46.38.

Campbell Soup 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.