Chevy Chase Trust Holdings LLC Lowers Holdings in Campbell Soup (NYSE:CPB)

Chevy Chase Trust Holdings LLC trimmed its position in Campbell Soup (NYSE:CPB) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,977 shares of the company’s stock after selling 861 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Campbell Soup were worth $4,754,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its stake in shares of Campbell Soup by 149.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock worth $27,000 after purchasing an additional 358 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Campbell Soup by 165.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $28,000 after purchasing an additional 406 shares during the last quarter. ING Groep NV purchased a new stake in shares of Campbell Soup during the 3rd quarter worth $33,000. Allworth Financial LP lifted its stake 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. Finally, IFP Advisors Inc lifted its stake 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. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPB has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on Campbell Soup in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $47.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Citigroup began coverage on Campbell Soup in a research report on Thursday, February 1st. They set a “sell” rating and a $41.00 target price on the stock. DA Davidson began coverage on Campbell Soup in a research report on Friday, March 1st. They set a “buy” rating and a $48.00 target price on the stock. Finally, TheStreet raised Campbell Soup from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Campbell Soup presently has a consensus rating of “Hold” and an average price target of $46.38.

Campbell Soup Stock Up 1.6 %

Shares of CPB stock opened at $44.44 on Wednesday. The stock’s 50-day simple moving average is $43.08 and its 200-day simple moving average is $42.27. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. The firm has a market capitalization of $13.25 billion, a PE ratio of 17.36, a P/E/G ratio of 3.25 and a beta of 0.24. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $55.88.

Campbell Soup (NYSE:CPB) last posted its earnings results on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, topping the consensus estimate 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 return on equity of 23.18% and a net margin of 8.26%. Campbell Soup’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.80 earnings per share. Equities analysts expect that Campbell Soup will post 3.06 earnings per share for the current year.

Campbell Soup Dividend Announcement

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

Campbell Soup Company 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.