Greenleaf Trust raised its holdings in shares of Campbell Soup (NYSE:CPB – Get Rating) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,623 shares of the company’s stock after purchasing an additional 343 shares during the quarter. Greenleaf Trust’s holdings in Campbell Soup were worth $603,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Old North State Trust LLC acquired a new position in shares of Campbell Soup during the third quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its stake in Campbell Soup by 121.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 536 shares of the company’s stock valued at $26,000 after purchasing an additional 294 shares during the last quarter. Exos TFP Holdings LLC bought a new stake in Campbell Soup during the 3rd quarter worth approximately $26,000. Parkside Financial Bank & Trust increased its holdings in Campbell Soup by 149.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock worth $27,000 after purchasing an additional 358 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of Campbell Soup in the third quarter worth approximately $31,000. Institutional investors and hedge funds own 50.39% of the company’s stock.
Campbell Soup Stock Performance
NYSE CPB opened at $55.47 on Friday. The company has a market capitalization of $16.61 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 4.64 and a beta of 0.34. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.31 and a current ratio of 0.77. Campbell Soup has a 52-week low of $44.37 and a 52-week high of $57.78. The company has a 50-day simple moving average of $52.89 and a 200 day simple moving average of $52.57.
Campbell Soup Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Thursday, April 6th will be paid a $0.37 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $1.48 annualized dividend and a dividend yield of 2.67%. Campbell Soup’s payout ratio is presently 54.82%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on CPB shares. JPMorgan Chase & Co. lifted their target price on Campbell Soup from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, March 9th. Credit Suisse Group upped their target price on shares of Campbell Soup from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, March 9th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Campbell Soup from $54.00 to $53.00 and set a “hold” rating for the company in a report on Monday, March 20th. Royal Bank of Canada restated a “sector perform” rating and set a $50.00 price target on shares of Campbell Soup in a report on Thursday, March 9th. Finally, Bank of America increased their price objective on shares of Campbell Soup from $50.00 to $51.00 in a research note on Thursday, March 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.33.
Campbell Soup Company Profile
Campbell Soup Co engages in the business of manufacturing and marketing food and beverage products. It operates under the Meals and Beverages, and Snacks segments. The Meals and Beverages segment includes soup, meals, and beverage products in retail and foodservice. The Snacks segment offers cookies, crackers, bakery, and frozen products.
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