DekaBank Deutsche Girozentrale Buys 4,958 Shares of Campbell Soup (NYSE:CPB)

Posted by on Apr 21st, 2023

DekaBank Deutsche Girozentrale raised its position in Campbell Soup (NYSE:CPB – Get Rating) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,741 shares of the company’s stock after purchasing an additional 4,958 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Campbell Soup were worth $2,957,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Old North State Trust LLC bought a new stake in shares of Campbell Soup in the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC raised its position in shares of Campbell Soup by 121.5% during the third quarter. EverSource Wealth Advisors LLC now owns 536 shares of the company’s stock worth $26,000 after purchasing an additional 294 shares during the period. Exos TFP Holdings LLC bought a new position in shares of Campbell Soup during the 3rd quarter valued at about $26,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in Campbell Soup during the 4th quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust lifted its stake in Campbell Soup by 149.8% in the first quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock valued at $27,000 after buying an additional 358 shares in the last quarter. 50.39% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Price Performance

NYSE:CPB opened at $54.38 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.31 and a debt-to-equity ratio of 1.11. The firm has a fifty day simple moving average of $53.65 and a 200 day simple moving average of $53.06. Campbell Soup has a 1-year low of $44.37 and a 1-year high of $57.78. The stock has a market capitalization of $16.29 billion, a PE ratio of 20.14, a P/E/G ratio of 4.65 and a beta of 0.34.

Campbell Soup (NYSE:CPB – Get Rating) last announced its quarterly earnings data on Wednesday, March 8th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. Campbell Soup had a net margin of 8.86% and a return on equity of 26.97%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter last year, the firm posted $0.69 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, research analysts expect that Campbell Soup will post 3.01 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Thursday, April 6th will be given a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.72%. Campbell Soup’s payout ratio is 54.82%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CPB. JPMorgan Chase & Co. increased their price objective on shares of Campbell Soup from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, March 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on Campbell Soup from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, March 20th. Bank of America lifted their target price on Campbell Soup from $50.00 to $51.00 in a research report on Thursday, March 9th. Credit Suisse Group upped their price target on Campbell Soup from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, March 9th. Finally, Stifel Nicolaus began coverage on shares of Campbell Soup in a report on Thursday, April 13th. They issued a “hold” rating and a $55.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.92.

About Campbell Soup

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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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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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