Royal London Asset Management Ltd. Has $4.63 Million Stake in Campbell Soup (NYSE:CPB)

Royal London Asset Management Ltd. raised its stake in Campbell Soup (NYSE:CPBFree Report) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,014 shares of the company’s stock after buying an additional 15,824 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Campbell Soup were worth $4,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of Campbell Soup during the fourth quarter worth about $31,000. KBC Group NV raised its position in shares of Campbell Soup by 48.1% during the fourth quarter. KBC Group NV now owns 655,227 shares of the company’s stock worth $28,325,000 after purchasing an additional 212,742 shares during the period. Scotia Capital Inc. raised its position in shares of Campbell Soup by 0.9% during the fourth quarter. Scotia Capital Inc. now owns 43,659 shares of the company’s stock worth $1,887,000 after purchasing an additional 409 shares during the period. Chiron Capital Management LLC acquired a new stake in shares of Campbell Soup during the fourth quarter worth about $216,000. Finally, TFO Wealth Partners LLC raised its position in shares of Campbell Soup by 10,366.7% during the fourth quarter. TFO Wealth Partners LLC now owns 1,256 shares of the company’s stock worth $519,000 after purchasing an additional 1,244 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analysts Set New Price Targets

CPB has been the topic of a number of research analyst reports. Citigroup raised their price target on Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research report on Thursday, May 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Friday. Evercore ISI initiated coverage on Campbell Soup in a research report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 target price on the stock. DA Davidson initiated coverage on Campbell Soup in a research report on Friday, March 1st. They issued a “buy” rating and a $48.00 target price on the stock. Finally, Piper Sandler reissued a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Tuesday, March 26th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.25.

Read Our Latest Stock Analysis on Campbell Soup

Campbell Soup Stock Performance

NYSE:CPB opened at $42.86 on Monday. The stock has a market cap of $12.80 billion, a P/E ratio of 17.35, a PEG ratio of 2.65 and a beta of 0.19. The stock has a 50 day simple moving average of $44.67 and a 200 day simple moving average of $43.61. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $46.97.

Campbell Soup (NYSE:CPBGet Free Report) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.05. The business had revenue of $2.37 billion during 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%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. Research analysts anticipate that Campbell Soup will post 3.08 earnings per share for the current year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders 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 annualized dividend and a yield of 3.45%. Campbell Soup’s dividend payout ratio is presently 59.92%.

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.

Further Reading

Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Campbell Soup (NYSE:CPBFree Report).

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.