Duality Advisers LP Sells 2,477 Shares of Campbell Soup (NYSE:CPB)

Duality Advisers LP trimmed its position in shares of Campbell Soup (NYSE:CPB) by 9.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,683 shares of the company’s stock after selling 2,477 shares during the period. Duality Advisers LP’s holdings in Campbell Soup were worth $1,053,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPB. Massmutual Trust Co. FSB ADV increased its stake in Campbell Soup by 165.7% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after acquiring an additional 406 shares during the period. Mather Group LLC. acquired a new stake in Campbell Soup during the first quarter valued at approximately $28,000. Jones Financial Companies Lllp acquired a new stake in Campbell Soup during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC boosted its holdings in Campbell Soup by 3,760.9% during the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after purchasing an additional 865 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its holdings 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 purchasing an additional 449 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CPB. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a report on Friday, June 7th. DA Davidson boosted their target price on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Wells Fargo & Company boosted their target price on Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday, June 7th. StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a report on Friday. Finally, Piper Sandler reissued a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a report on Tuesday, March 26th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and a consensus price target of $46.56.

Campbell Soup Trading Up 0.3 %

Shares of CPB traded up $0.14 during trading hours on Friday, reaching $45.47. The stock had a trading volume of 1,659,469 shares, compared to its average volume of 2,694,047. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $46.97. The firm has a 50-day moving average of $44.88 and a 200 day moving average of $43.98. The company has a market cap of $13.58 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.90 and a beta of 0.16.

Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 7.85% and a return on equity of 23.26%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. On average, sell-side analysts expect that Campbell Soup will post 3.08 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders 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 yield of 3.25%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

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.