Bryn Mawr Capital Management LLC Has $1.70 Million Stake in Campbell Soup (NYSE:CPB)

Bryn Mawr Capital Management LLC trimmed its position in shares of Campbell Soup (NYSE:CPB) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,387 shares of the company’s stock after selling 7,074 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Campbell Soup were worth $1,703,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CPB. GAMMA Investing LLC bought a new position in Campbell Soup during the 4th quarter worth approximately $124,000. Wedge Capital Management L L P NC boosted its holdings in Campbell Soup by 11.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 43,481 shares of the company’s stock worth $1,880,000 after acquiring an additional 4,407 shares during the last quarter. Duality Advisers LP purchased a new position in shares of Campbell Soup in the 4th quarter worth about $1,131,000. Hussman Strategic Advisors Inc. boosted its holdings in shares of Campbell Soup by 68.3% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock worth $4,539,000 after buying an additional 42,600 shares during the last quarter. Finally, Sigma Planning Corp purchased a new stake in Campbell Soup during the fourth quarter valued at about $275,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Down 1.1 %

Campbell Soup stock traded down $0.52 on Friday, hitting $44.85. 2,394,758 shares of the stock traded hands, compared to its average volume of 2,733,428. The company has a current ratio of 1.01, a quick ratio of 0.43 and a debt-to-equity ratio of 1.17. The firm has a market cap of $13.37 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 2.98 and a beta of 0.24. The business’s fifty day simple moving average is $43.26 and its 200 day simple moving average is $42.53. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $55.14.

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

Campbell Soup Announces Dividend

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 issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.30%. Campbell Soup’s payout ratio is presently 57.81%.

Wall Street Analyst Weigh In

CPB has been the topic of a number of recent analyst reports. DA Davidson initiated coverage on shares of Campbell Soup in a report on Friday, March 1st. They issued a “buy” rating and a $48.00 price target on the stock. TheStreet raised shares of Campbell Soup from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Piper Sandler reissued a “neutral” rating and issued a $47.00 price target on shares of Campbell Soup in a report on Tuesday, March 26th. Citigroup began coverage on shares of Campbell Soup in a research report on Thursday, February 1st. They issued a “sell” rating and a $41.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.38.

About Campbell Soup

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.