California State Teachers Retirement System Sells 14,879 Shares of Campbell Soup (NYSE:CPB)

California State Teachers Retirement System lowered its stake in shares of Campbell Soup (NYSE:CPBFree Report) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 284,798 shares of the company’s stock after selling 14,879 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of Campbell Soup worth $12,312,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its holdings in 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 acquiring an additional 261 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Campbell Soup by 4.3% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock worth $303,000 after acquiring an additional 286 shares during the last quarter. Arizona State Retirement System grew its holdings in Campbell Soup by 0.7% during the 4th quarter. Arizona State Retirement System now owns 53,226 shares of the company’s stock worth $2,301,000 after acquiring an additional 364 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Campbell Soup by 6.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 6,196 shares of the company’s stock worth $268,000 after acquiring an additional 384 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Campbell Soup by 165.7% in 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 during the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Shares of CPB stock opened at $42.86 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. The company has a market capitalization of $12.78 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 2.83 and a beta of 0.19. The company’s 50 day moving average price is $44.67 and its two-hundred day moving average price is $43.57. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $46.97.

Campbell Soup (NYSE:CPBGet Free Report) last announced its earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.50%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. On average, analysts expect that Campbell Soup will post 3.09 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be issued a $0.37 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.45%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research note on Thursday, May 23rd. Wells Fargo & Company raised their target price on shares of Campbell Soup from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Friday. Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and raised their target price for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. Piper Sandler reaffirmed a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Tuesday, March 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Friday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and a consensus target price of $46.41.

Read Our Latest Stock Analysis on Campbell Soup

Campbell Soup Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.