Louisiana State Employees Retirement System Purchases Shares of 11,900 Campbell Soup (NYSE:CPB)

Louisiana State Employees Retirement System acquired a new position in shares of Campbell Soup (NYSE:CPB) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 11,900 shares of the company’s stock, valued at approximately $514,000.

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

Analyst Ratings Changes

A number of research firms recently weighed in on CPB. Royal Bank of Canada reissued a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a research report on Thursday, March 14th. JPMorgan Chase & Co. increased their price objective on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Piper Sandler restated a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Tuesday, March 26th. Citigroup began coverage on Campbell Soup in a research report on Thursday, February 1st. They set a “sell” rating and a $41.00 price target for the company. Finally, Evercore ISI started coverage on Campbell Soup in a research report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Campbell Soup presently has a consensus rating of “Hold” and an average target price of $46.38.

Campbell Soup Trading Up 0.2 %

Shares of CPB opened at $44.93 on Tuesday. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $55.04. The business has a 50-day moving average of $43.40 and a 200 day moving average of $42.65. The firm has a market cap of $13.39 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 2.93 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:CPB) last issued its earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, topping 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 firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the business earned $0.80 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, research analysts forecast that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were paid a $0.37 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.29%. Campbell Soup’s dividend payout ratio 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.