Atria Wealth Solutions Inc. Trims Stake in Campbell Soup (NYSE:CPB)

Atria Wealth Solutions Inc. cut its stake in shares of Campbell Soup (NYSE:CPB) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,368 shares of the company’s stock after selling 407 shares during the period. Atria Wealth Solutions Inc.’s holdings in Campbell Soup were worth $578,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Invesco Ltd. raised its holdings in Campbell Soup by 6.8% during the third quarter. Invesco Ltd. now owns 5,035,674 shares of the company’s stock valued at $206,865,000 after acquiring an additional 318,983 shares during the period. Van ECK Associates Corp raised its stake in Campbell Soup by 2,269.3% during 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 period. Northern Trust Corp lifted its holdings in Campbell Soup by 4.7% in the 3rd quarter. Northern Trust Corp now owns 2,845,931 shares of the company’s stock worth $116,911,000 after purchasing an additional 127,574 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in 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 worth $88,648,000 after purchasing an additional 349,485 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Campbell Soup by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,639,006 shares of the company’s stock valued at $67,330,000 after buying an additional 14,555 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Campbell Soup stock opened at $44.88 on Monday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 0.43. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 2.93 and a beta of 0.23. The firm has a 50-day moving average of $43.65 and a two-hundred day moving average of $42.81. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $55.04.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $2.46 billion during 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 quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 earnings per share. On average, research analysts forecast that Campbell Soup will post 3.05 earnings per share for the current year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors 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 currently 57.81%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CPB shares. JPMorgan Chase & Co. lifted their price target on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Citigroup initiated coverage on Campbell Soup in a research report on Thursday, February 1st. They issued a “sell” rating and a $41.00 target price on the stock. 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 assumed coverage on Campbell Soup in a report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price objective on the stock. Finally, DA Davidson began coverage on shares of Campbell Soup in a report on Friday, March 1st. They issued a “buy” rating and a $48.00 target price for the company. 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’s stock. According to data from MarketBeat, Campbell Soup presently has a consensus rating of “Hold” and a consensus price target of $46.38.

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.