Campbell Soup (NYSE:CPB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in Campbell Soup (NYSE:CPB) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,453 shares of the company’s stock after selling 1,246 shares during the period. Mutual of America Capital Management LLC’s holdings in Campbell Soup were worth $1,144,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CPB. National Bank of Canada FI boosted its holdings in shares of Campbell Soup by 7.5% in the third quarter. National Bank of Canada FI now owns 73,100 shares of the company’s stock worth $2,887,000 after buying an additional 5,086 shares during the period. Kentucky Retirement Systems acquired a new position in shares of Campbell Soup in the third quarter worth about $618,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Campbell Soup in the third quarter worth about $276,000. IFP Advisors Inc boosted its holdings in shares of Campbell Soup by 176.2% in the third quarter. IFP Advisors Inc now owns 1,019 shares of the company’s stock worth $42,000 after buying an additional 650 shares during the period. Finally, HB Wealth Management LLC acquired a new position in shares of Campbell Soup in the third quarter worth about $262,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CPB shares. TheStreet upgraded shares of Campbell Soup from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a report on Thursday, March 14th. Evercore ISI initiated coverage on shares of Campbell Soup in a report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price target for the company. Citigroup initiated coverage on shares of Campbell Soup in a report on Thursday, February 1st. They set a “sell” rating and a $41.00 price target for the company. Finally, Piper Sandler restated a “neutral” rating and set a $47.00 price target on shares of Campbell Soup in a report on Tuesday, March 26th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $46.38.

Campbell Soup Trading Up 2.1 %

NYSE:CPB opened at $45.12 on Tuesday. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $55.14. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 2.89 and a beta of 0.24. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. The company’s 50 day moving average is $42.97 and its 200-day moving average is $42.40.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the firm posted $0.80 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Wednesday, April 3rd. Campbell Soup’s dividend payout ratio is 57.81%.

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.