Campbell Soup (NYSE:CPB) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Campbell Soup (NYSE:CPB - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,688,669 shares of the company's stock after buying an additional 49,663 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.56% of Campbell Soup worth $73,001,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV increased its stake in 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 acquiring an additional 406 shares during the last quarter. ING Groep NV purchased a new stake in Campbell Soup in the 3rd quarter valued at about $33,000. Allworth Financial LP lifted its position in Campbell Soup by 110.0% in the third quarter. Allworth Financial LP now owns 819 shares of the company's stock valued at $34,000 after buying an additional 429 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Campbell Soup by 79.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,011 shares of the company's stock worth $44,000 after buying an additional 449 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in shares of Campbell Soup during the third quarter valued at about $67,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Trading Down 0.6 %

NYSE:CPB traded down $0.29 on Wednesday, reaching $45.72. The stock had a trading volume of 1,974,361 shares, compared to its average volume of 2,636,177. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 3.02 and a beta of 0.23. 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 12-month low of $37.94 and a 12-month high of $53.66. The firm's fifty day moving average is $44.10 and its two-hundred day moving average is $43.09.

Campbell Soup (NYSE:CPB - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The business's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. Equities analysts expect that Campbell Soup will post 3.05 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. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.24%. Campbell Soup's payout ratio is 57.81%.

Analysts Set New Price Targets

Several equities analysts have weighed in on CPB shares. 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. JPMorgan Chase & Co. increased their target price on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, March 1st. Piper Sandler reaffirmed a "neutral" rating and set a $47.00 price objective on shares of Campbell Soup in a research report on Tuesday, March 26th. Sanford C. Bernstein upgraded Campbell Soup from an "underperform" rating to a "market perform" rating and increased their price objective for the company from $42.00 to $46.00 in a research note on Wednesday. Finally, 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. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $46.35.

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.