Savant Capital LLC Sells 306 Shares of Campbell Soup (NYSE:CPB)

Savant Capital LLC lessened its holdings in Campbell Soup (NYSE:CPB) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,406 shares of the company’s stock after selling 306 shares during the quarter. Savant Capital LLC’s holdings in Campbell Soup were worth $450,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Asset Management One Co. Ltd. grew its position in Campbell Soup by 13.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 305,969 shares of the company’s stock worth $13,154,000 after buying an additional 36,108 shares in the last quarter. Cerity Partners LLC increased its position in shares of Campbell Soup by 326.8% in the fourth quarter. Cerity Partners LLC now owns 249,316 shares of the company’s stock worth $10,778,000 after purchasing an additional 190,901 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Campbell Soup by 7.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 213,155 shares of the company’s stock valued at $8,756,000 after purchasing an additional 14,271 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Campbell Soup by 8.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 670,468 shares of the company’s stock worth $28,984,000 after purchasing an additional 51,819 shares during the period. Finally, Washington Capital Management Inc. grew its stake in Campbell Soup by 126.2% during the fourth quarter. Washington Capital Management Inc. now owns 24,725 shares of the company’s stock worth $1,069,000 after buying an additional 13,795 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Down 2.2 %

Campbell Soup stock opened at $44.88 on Monday. 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 has a market capitalization of $13.38 billion, a PE ratio of 17.53, a PEG ratio of 2.93 and a beta of 0.23. The firm’s fifty day moving average is $43.65 and its 200 day moving average is $42.81. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $55.04.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. As a group, sell-side analysts predict that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders 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 3.30%. Campbell Soup’s dividend payout ratio (DPR) is presently 57.81%.

Analyst Upgrades and Downgrades

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

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.