Oregon Public Employees Retirement Fund Sells 1,158 Shares of Campbell Soup (NYSE:CPB)

Oregon Public Employees Retirement Fund lessened its position in Campbell Soup (NYSE:CPB – Get Rating) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,450 shares of the company’s stock after selling 1,158 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Campbell Soup were worth $1,529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in Campbell Soup by 149.8% in the first quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock worth $27,000 after acquiring an additional 358 shares during the period. CX Institutional bought a new position in Campbell Soup in the second quarter worth approximately $35,000. ACG Wealth bought a new position in Campbell Soup in the second quarter worth approximately $36,000. Wipfli Financial Advisors LLC bought a new position in Campbell Soup in the third quarter worth approximately $41,000. Finally, Hexagon Capital Partners LLC raised its position in Campbell Soup by 198.2% in the third quarter. Hexagon Capital Partners LLC now owns 1,011 shares of the company’s stock worth $48,000 after acquiring an additional 672 shares during the period. Institutional investors own 50.39% of the company’s stock.

Campbell Soup Stock Down 0.7 %

Shares of Campbell Soup stock opened at $52.04 on Friday. The firm’s 50 day moving average price is $54.69 and its 200-day moving average price is $51.27. The company has a quick ratio of 0.31, a current ratio of 0.76 and a debt-to-equity ratio of 1.15. Campbell Soup has a 52-week low of $41.72 and a 52-week high of $57.78. The company has a market cap of $15.58 billion, a P/E ratio of 19.79, a PEG ratio of 5.42 and a beta of 0.38.

Campbell Soup (NYSE:CPB – Get Rating) last released its earnings results on Wednesday, December 7th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.16. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.44 billion. Campbell Soup had a net margin of 8.91% and a return on equity of 26.43%. Campbell Soup’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. On average, sell-side analysts predict that Campbell Soup will post 2.99 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Thursday, January 5th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Wednesday, January 4th. Campbell Soup’s dividend payout ratio is currently 56.27%.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Adam G. Ciongoli sold 37,354 shares of the company’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $56.86, for a total transaction of $2,123,948.44. Following the completion of the transaction, the executive vice president now directly owns 99,385 shares in the company, valued at $5,651,031.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Campbell Soup news, EVP Adam G. Ciongoli sold 37,354 shares of the company’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $56.86, for a total transaction of $2,123,948.44. Following the completion of the transaction, the executive vice president now directly owns 99,385 shares in the company, valued at $5,651,031.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Adam G. Ciongoli sold 44,232 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $56.46, for a total transaction of $2,497,338.72. Following the transaction, the executive vice president now owns 136,739 shares of the company’s stock, valued at $7,720,283.94. The disclosure for this sale can be found here. Company insiders own 21.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CPB shares. BNP Paribas started coverage on shares of Campbell Soup in a research note on Tuesday, November 15th. They issued an “underperform” rating and a $48.00 price objective for the company. Piper Sandler increased their price objective on shares of Campbell Soup from $46.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, December 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Campbell Soup from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Thursday, December 8th. Exane BNP Paribas began coverage on shares of Campbell Soup in a research note on Tuesday, November 15th. They issued an “underperform” rating for the company. Finally, Morgan Stanley lifted their price objective on shares of Campbell Soup from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 20th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Campbell Soup currently has a consensus rating of “Hold” and an average target price of $51.09.

Campbell Soup Profile

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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.