Fiera Capital Corp lessened its stake in Campbell Soup (NYSE:CPB) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,634 shares of the company’s stock after selling 5,241 shares during the period. Fiera Capital Corp’s holdings in Campbell Soup were worth $2,522,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Quarterback LLC bought a new stake in shares of Campbell Soup in the 4th quarter valued at about $13,442,911,000. BlackRock Inc. lifted its stake in shares of Campbell Soup by 2.5% in the 1st quarter. BlackRock Inc. now owns 14,575,479 shares of the company’s stock valued at $672,804,000 after acquiring an additional 350,425 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Campbell Soup by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 2,577,029 shares of the company’s stock valued at $127,092,000 after acquiring an additional 115,676 shares during the last quarter. NorthRock Partners LLC bought a new stake in shares of Campbell Soup in the 4th quarter valued at about $2,819,000. Finally, Norges Bank bought a new stake in shares of Campbell Soup in the 4th quarter valued at about $85,513,000. 51.36% of the stock is owned by institutional investors.
CPB stock opened at $48.35 on Friday. Campbell Soup has a fifty-two week low of $35.27 and a fifty-two week high of $57.54. The business’s 50 day moving average price is $50.16 and its two-hundred day moving average price is $48.48. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.31 and a current ratio of 0.61. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43.
Campbell Soup (NYSE:CPB) last posted its earnings results on Wednesday, March 4th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. Campbell Soup had a return on equity of 50.69% and a net margin of 17.46%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the business earned $0.79 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts forecast that Campbell Soup will post 2.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Thursday, April 9th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, April 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.90%. Campbell Soup’s dividend payout ratio (DPR) is 60.87%.
A number of equities research analysts have recently weighed in on CPB shares. Credit Suisse Group boosted their target price on Campbell Soup from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Piper Sandler boosted their target price on Campbell Soup from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating and set a $53.00 price target on shares of Campbell Soup in a research report on Tuesday, March 24th. ValuEngine raised Campbell Soup from a “sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Zacks Investment Research lowered Campbell Soup from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Campbell Soup presently has a consensus rating of “Hold” and a consensus price target of $50.44.
Campbell Soup Company Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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