Crossmark Global Holdings Inc. Lowers Holdings in Campbell Soup (NYSE:CPB)

Crossmark Global Holdings Inc. reduced its stake in shares of Campbell Soup (NYSE:CPBFree Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,562 shares of the company’s stock after selling 852 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Campbell Soup were worth $889,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CPB. Massmutual Trust Co. FSB ADV increased its holdings 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. Jones Financial Companies Lllp purchased a new position in Campbell Soup in the fourth quarter valued at $31,000. Lindbrook Capital LLC increased its holdings in Campbell Soup by 79.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after buying an additional 449 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Campbell Soup in the third quarter worth about $67,000. Finally, Headinvest LLC purchased a new stake in shares of Campbell Soup during the 3rd quarter worth about $86,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Piper Sandler reaffirmed a “neutral” rating and issued a $47.00 price target on shares of Campbell Soup in a report on Tuesday, March 26th. Wells Fargo & Company increased their target price on Campbell Soup from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Friday. Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. Evercore ISI initiated coverage on shares of Campbell Soup in a report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price objective on the stock. Finally, DA Davidson boosted their target price on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.31.

Read Our Latest Analysis on Campbell Soup

Campbell Soup Stock Down 0.9 %

Shares of CPB opened at $42.46 on Tuesday. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $46.97. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47. The stock has a fifty day simple moving average of $44.62 and a two-hundred day simple moving average of $43.62. The company has a market capitalization of $12.68 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 2.65 and a beta of 0.19.

Campbell Soup (NYSE:CPBGet Free Report) last issued its earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The company 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 23.26%. Campbell Soup’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. As a group, equities analysts forecast that Campbell Soup will post 3.08 EPS for the current year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio is presently 59.92%.

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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