Campbell Soup (NYSE:CPB) Shares Sold by Cognios Beta Neutral Large Cap Fund LP

Cognios Beta Neutral Large Cap Fund LP lowered its holdings in Campbell Soup (NYSE:CPB) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,283 shares of the company’s stock after selling 834 shares during the period. Cognios Beta Neutral Large Cap Fund LP’s holdings in Campbell Soup were worth $531,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV grew its holdings in 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. ING Groep NV bought a new stake in Campbell Soup in the third quarter valued at about $33,000. Allworth Financial LP increased its holdings in Campbell Soup by 110.0% in the third quarter. Allworth Financial LP now owns 819 shares of the company’s stock valued at $34,000 after buying an additional 429 shares during the last quarter. IFP Advisors Inc increased its holdings in Campbell Soup by 176.2% in the third quarter. IFP Advisors Inc now owns 1,019 shares of the company’s stock valued at $42,000 after buying an additional 650 shares during the last quarter. Finally, 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 during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Price Performance

CPB traded up $0.59 during trading on Wednesday, reaching $45.55. The stock had a trading volume of 3,510,011 shares, compared to its average volume of 2,733,309. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 2.95 and a beta of 0.24. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $55.14. The stock has a 50 day moving average of $43.09 and a two-hundred day moving average of $42.48.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 57.81%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CPB. Piper Sandler reissued a “neutral” rating and issued a $47.00 price objective on shares of Campbell Soup in a report on Tuesday, March 26th. DA Davidson started coverage on Campbell Soup in a report on Friday, March 1st. They set a “buy” rating and a $48.00 target price for the company. JPMorgan Chase & Co. upped their target price on Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 1st. TheStreet raised Campbell Soup from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Finally, Citigroup started coverage on Campbell Soup in a report on Thursday, February 1st. They set a “sell” rating and a $41.00 target price for the company. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and an average target price of $46.38.

Campbell Soup Company 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.