Merit Financial Group LLC Has $220,000 Stock Position in Campbell Soup (NYSE:CPB)

Merit Financial Group LLC reduced its stake in Campbell Soup (NYSE:CPB) by 45.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,079 shares of the company’s stock after selling 4,306 shares during the period. Merit Financial Group LLC’s holdings in Campbell Soup were worth $220,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Stifel Financial Corp grew its position in shares of Campbell Soup by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 63,321 shares of the company’s stock worth $2,601,000 after buying an additional 261 shares during the period. Inspire Investing LLC grew its holdings in Campbell Soup by 3.1% during the third quarter. Inspire Investing LLC now owns 8,877 shares of the company’s stock valued at $365,000 after purchasing an additional 267 shares during the period. Kingsview Wealth Management LLC increased its stake in Campbell Soup by 4.6% in the third quarter. Kingsview Wealth Management LLC now owns 6,756 shares of the company’s stock valued at $278,000 after purchasing an additional 298 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Campbell Soup by 3.0% in the third quarter. Moors & Cabot Inc. now owns 10,210 shares of the company’s stock worth $419,000 after purchasing an additional 300 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Campbell Soup by 0.7% during the fourth quarter. Arizona State Retirement System now owns 53,226 shares of the company’s stock worth $2,301,000 after purchasing an additional 364 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a research note on Thursday, March 14th. Piper Sandler reaffirmed a “neutral” rating and set a $47.00 price target on shares of Campbell Soup in a research report on Tuesday, March 26th. Evercore ISI started coverage on Campbell Soup in a research 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 target price 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. Finally, DA Davidson started coverage on shares of Campbell Soup in a report on Friday, March 1st. They issued a “buy” rating and a $48.00 price target for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.38.

Campbell Soup Trading Up 0.5 %

Campbell Soup stock opened at $45.25 on Friday. The company has a market cap of $13.49 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 2.93 and a beta of 0.23. The firm has a 50-day moving average of $43.87 and a 200-day moving average of $42.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 0.43. Campbell Soup has a one year low of $37.94 and a one year high of $54.80.

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. The firm had revenue of $2.46 billion during 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 business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, equities analysts expect that Campbell Soup will post 3.05 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.27%. Campbell Soup’s payout ratio is 57.81%.

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.