Allianz Asset Management GmbH Has $2.29 Million Position in Campbell Soup (NYSE:CPB)

Allianz Asset Management GmbH reduced its stake in shares of Campbell Soup (NYSE:CPBFree Report) by 45.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,897 shares of the company’s stock after selling 43,422 shares during the period. Allianz Asset Management GmbH’s holdings in Campbell Soup were worth $2,287,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CPB. Massmutual Trust Co. FSB ADV increased its position 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 during the last quarter. Lindbrook Capital LLC raised its position in Campbell Soup by 79.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after acquiring an additional 449 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Campbell Soup in the third quarter valued at approximately $67,000. Headinvest LLC bought a new stake in Campbell Soup in the third quarter worth approximately $86,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Campbell Soup by 42.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,307 shares of the company’s stock worth $100,000 after purchasing an additional 682 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Down 1.5 %

CPB stock opened at $42.86 on Friday. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $46.97. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 1.47. The company has a market cap of $12.80 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 2.69 and a beta of 0.19. The business’s 50-day simple moving average is $44.67 and its 200 day simple moving average is $43.59.

Campbell Soup (NYSE:CPBGet Free Report) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. Campbell Soup’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. On average, research analysts anticipate that Campbell Soup will post 3.08 earnings per share for the current year.

Campbell Soup Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CPB. Piper Sandler reiterated a “neutral” rating and issued a $47.00 price objective on shares of Campbell Soup in a report on Tuesday, March 26th. Citigroup increased their price objective on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a report on Thursday, May 23rd. Sanford C. Bernstein upgraded Campbell Soup from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. DA Davidson assumed coverage on Campbell Soup in a report on Friday, March 1st. They set a “buy” rating and a $48.00 price target on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup currently has an average rating of “Hold” and an average target price of $46.25.

View Our Latest Stock Report on Campbell Soup

Campbell Soup Company 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.

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

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