2,876 Shares in Campbell Soup (NYSE:CPB) Acquired by Creekmur Asset Management LLC

Creekmur Asset Management LLC purchased a new stake in Campbell Soup (NYSE:CPB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,876 shares of the company’s stock, valued at approximately $124,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CPB. Stifel Financial Corp raised its holdings in Campbell Soup by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 63,321 shares of the company’s stock valued at $2,601,000 after acquiring an additional 261 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted 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 purchasing an additional 286 shares during the last quarter. Arizona State Retirement System lifted 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 purchasing an additional 364 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Campbell Soup by 6.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 6,196 shares of the company’s stock valued at $268,000 after purchasing an additional 384 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its holdings in 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 buying an additional 406 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of CPB traded up $0.50 during mid-day trading on Friday, reaching $43.99. The company had a trading volume of 4,003,285 shares, compared to its average volume of 2,754,348. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.80 and a beta of 0.19. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.24 and a current ratio of 0.62. The company’s 50 day simple moving average is $44.60 and its 200 day simple moving average is $43.67. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $46.97.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.05. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts expect that Campbell Soup will post 3.08 EPS for the current year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Wednesday, July 3rd. Campbell Soup’s payout ratio is 59.92%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. 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. Citigroup raised their target price on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a report on Thursday, May 23rd. DA Davidson lifted their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.31.

Campbell Soup 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.