Retirement Systems of Alabama Sells 1,193 Shares of Campbell Soup (NYSE:CPB)

Retirement Systems of Alabama decreased its holdings in shares of Campbell Soup (NYSE:CPB) by 2.7% during the 4th quarter, Holdings Channel reports. The firm owned 43,291 shares of the company’s stock after selling 1,193 shares during the quarter. Retirement Systems of Alabama’s holdings in Campbell Soup were worth $1,871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its position in shares of Campbell Soup by 165.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after purchasing an additional 406 shares in the last quarter. ING Groep NV bought a new stake in shares of Campbell Soup during the 3rd quarter valued at about $33,000. Allworth Financial LP boosted its position in shares of Campbell Soup by 110.0% during the 3rd quarter. Allworth Financial LP now owns 819 shares of the company’s stock valued at $34,000 after purchasing an additional 429 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Campbell Soup by 79.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after purchasing an additional 449 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of Campbell Soup during the 3rd quarter valued at about $67,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $45.02 on Thursday. The company has a market cap of $13.42 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.93 and a beta of 0.23. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $54.86. The business has a 50 day moving average price of $43.82 and a 200-day moving average price of $42.90. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. Campbell Soup’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the business posted $0.80 earnings per share. Equities analysts anticipate that Campbell Soup will post 3.05 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Wednesday, April 3rd. Campbell Soup’s payout ratio is 57.81%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. DA Davidson assumed coverage on Campbell Soup in a research report on Friday, March 1st. They set a “buy” rating and a $48.00 target price on the stock. Citigroup assumed coverage on Campbell Soup in a research note on Thursday, February 1st. They set a “sell” rating and a $41.00 price target on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $47.00 price target on shares of Campbell Soup in a research note on Tuesday, March 26th. Evercore ISI assumed coverage on Campbell Soup in a research note on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Three investment 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. Based on data from MarketBeat.com, Campbell Soup has a consensus rating of “Hold” and an average target price 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.