Campbell Soup (NYSE:CPB) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. grew its position in Campbell Soup (NYSE:CPB) by 42.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,808 shares of the company’s stock after acquiring an additional 2,946 shares during the period. First Trust Direct Indexing L.P.’s holdings in Campbell Soup were worth $424,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its stake in Campbell Soup by 165.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $28,000 after purchasing an additional 406 shares in the last quarter. ING Groep NV purchased a new position in Campbell Soup during the third quarter worth approximately $33,000. Allworth Financial LP boosted its stake in Campbell Soup by 110.0% during the third quarter. Allworth Financial LP now owns 819 shares of the company’s stock worth $34,000 after buying an additional 429 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Campbell Soup by 79.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock worth $44,000 after acquiring an additional 449 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of Campbell Soup during the 3rd quarter worth $67,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Stock Down 0.0 %

Shares of NYSE:CPB opened at $44.87 on Tuesday. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $55.04. 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 50-day simple moving average is $43.71 and its 200-day simple moving average is $42.85. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 2.93 and a beta of 0.23.

Campbell Soup (NYSE:CPB) last released its earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. As a group, equities research analysts predict that Campbell Soup will post 3.05 earnings per share for the current year.

Campbell Soup Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.30%. Campbell Soup’s dividend payout ratio is presently 57.81%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CPB. Evercore ISI initiated coverage on shares of Campbell Soup in a report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. DA Davidson assumed coverage on Campbell Soup in a report on Friday, March 1st. They issued a “buy” rating and a $48.00 price objective on the stock. 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a report on Thursday, March 14th. Three investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.