HB Wealth Management LLC Decreases Holdings in Campbell Soup (NYSE:CPB)

HB Wealth Management LLC decreased its position in shares of Campbell Soup (NYSE:CPBFree Report) by 13.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,523 shares of the company’s stock after selling 856 shares during the period. HB Wealth Management LLC’s holdings in Campbell Soup were worth $239,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Pathstone Family Office LLC boosted its stake in shares of Campbell Soup by 0.8% during the 4th quarter. Pathstone Family Office LLC now owns 25,351 shares of the company’s stock worth $1,439,000 after acquiring an additional 199 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Campbell Soup by 0.4% during the 1st quarter. Stifel Financial Corp now owns 54,220 shares of the company’s stock worth $2,981,000 after acquiring an additional 216 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Campbell Soup by 3.1% during the 3rd quarter. Inspire Investing LLC now owns 8,877 shares of the company’s stock worth $365,000 after acquiring an additional 267 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Campbell Soup by 0.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 38,244 shares of the company’s stock worth $1,802,000 after purchasing an additional 268 shares during the last quarter. Finally, Bedel Financial Consulting Inc. raised its position in shares of Campbell Soup by 5.8% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 4,982 shares of the company’s stock worth $228,000 after purchasing an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

CPB has been the subject of several research reports. DA Davidson initiated coverage on Campbell Soup in a research report on Friday, March 1st. They set a “buy” rating and a $48.00 price objective for the company. Piper Sandler restated a “neutral” rating and set a $47.00 price objective on shares of Campbell Soup in a research report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a research report on Thursday, March 14th. Wells Fargo & Company initiated coverage on Campbell Soup in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $47.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Campbell Soup has an average rating of “Hold” and an average target price of $46.38.

Get Our Latest Stock Report on Campbell Soup

Campbell Soup Trading Up 0.9 %

Shares of CPB opened at $44.45 on Friday. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $56.04. The stock has a fifty day moving average of $43.10 and a two-hundred day moving average of $42.22. The company has a market capitalization of $13.25 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 3.31 and a beta of 0.24. 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:CPBGet Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) 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 company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the company earned $0.80 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, analysts forecast that Campbell Soup will post 3.06 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.33%. Campbell Soup’s dividend payout ratio is presently 57.81%.

Campbell Soup Company 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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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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