Yousif Capital Management LLC Sells 22,008 Shares of Campbell Soup (NYSE:CPB)

Yousif Capital Management LLC lowered its position in Campbell Soup (NYSE:CPB) by 43.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,141 shares of the company’s stock after selling 22,008 shares during the period. Yousif Capital Management LLC’s holdings in Campbell Soup were worth $1,260,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Invesco Ltd. boosted its stake in shares of Campbell Soup by 6.8% in the third 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 period. Van ECK Associates Corp boosted its stake in 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 worth $152,643,000 after purchasing an additional 3,558,933 shares during the period. Northern Trust Corp grew its holdings in Campbell Soup by 4.7% during the 3rd quarter. Northern Trust Corp now owns 2,845,931 shares of the company’s stock valued at $116,911,000 after buying an additional 127,574 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Campbell Soup by 19.3% during the third quarter. Bank of New York Mellon Corp now owns 2,157,930 shares of the company’s stock valued at $88,648,000 after buying an additional 349,485 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Campbell Soup by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,639,006 shares of the company’s stock worth $67,330,000 after buying an additional 14,555 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Down 2.2 %

CPB stock opened at $44.88 on Friday. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $55.04. The stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 2.97 and a beta of 0.23. 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 firm’s fifty day simple moving average is $43.65 and its two-hundred day simple moving average is $42.77.

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

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Thursday, April 4th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.30%. Campbell Soup’s payout ratio is 57.81%.

Analyst Ratings Changes

CPB has been the topic of a number of research reports. Citigroup assumed coverage on shares of Campbell Soup in a report on Thursday, February 1st. They issued a “sell” rating and a $41.00 price target on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a report on Tuesday, March 26th. Evercore ISI began coverage on Campbell Soup in a research report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $46.38.

About Campbell Soup

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.