Sigma Planning Corp Makes New $275,000 Investment in Campbell Soup (NYSE:CPB)

Sigma Planning Corp bought a new position in Campbell Soup (NYSE:CPB) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 6,363 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in shares of Campbell Soup by 2,269.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,715,761 shares of the company’s stock valued at $152,643,000 after purchasing an additional 3,558,933 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Campbell Soup by 62.3% in the 3rd quarter. Deutsche Bank AG now owns 1,453,612 shares of the company’s stock valued at $59,714,000 after purchasing an additional 557,948 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Campbell Soup by 19.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,157,930 shares of the company’s stock valued at $88,648,000 after purchasing an additional 349,485 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Campbell Soup by 6.8% in the 3rd quarter. Invesco Ltd. now owns 5,035,674 shares of the company’s stock valued at $206,865,000 after purchasing an additional 318,983 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Campbell Soup by 78.6% in the 3rd quarter. Victory Capital Management Inc. now owns 545,542 shares of the company’s stock valued at $22,411,000 after purchasing an additional 240,123 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on CPB. Piper Sandler reiterated a “neutral” rating and issued a $47.00 price target on shares of Campbell Soup in a report on Tuesday, March 26th. Evercore ISI began coverage on shares of Campbell Soup in a report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 target price on the stock. 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 target price on shares of Campbell Soup in a report on Thursday, March 14th. Finally, Citigroup began coverage on shares of Campbell Soup in a report on Thursday, February 1st. They set a “sell” rating and a $41.00 target price on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Campbell Soup currently has an average rating of “Hold” and an average price target of $46.38.

Campbell Soup Stock Performance

Campbell Soup stock opened at $44.85 on Friday. The firm’s fifty day moving average price is $43.33 and its 200 day moving average price is $42.56. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 2.97 and a beta of 0.24. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $55.14. 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 (NYSE:CPB) last released its earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 EPS. On average, research analysts forecast that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Wednesday, April 3rd. Campbell Soup’s payout ratio is currently 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.