Campbell Soup (NYSE:CPB) Shares Purchased by Valeo Financial Advisors LLC

Posted by Defense World Staff on Jun 30th, 2023

Valeo Financial Advisors LLC boosted its position in Campbell Soup (NYSE:CPB – Free Report) by 15.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,501 shares of the company’s stock after purchasing an additional 1,135 shares during the period. Valeo Financial Advisors LLC’s holdings in Campbell Soup were worth $467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Gradient Investments LLC lifted its position in shares of Campbell Soup by 77.7% during the 1st quarter. Gradient Investments LLC now owns 519 shares of the company’s stock valued at $29,000 after acquiring an additional 227 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in shares of Campbell Soup during the 4th quarter worth approximately $32,000. Parkside Financial Bank & Trust raised its position in shares of 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 during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Campbell Soup during the 4th quarter worth approximately $37,000. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Campbell Soup during the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 50.00% of the company’s stock.

Campbell Soup Stock Performance

NYSE:CPB opened at $45.49 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.36 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 4.50 and a beta of 0.36. The firm’s fifty day simple moving average is $50.66 and its 200 day simple moving average is $52.87. Campbell Soup has a twelve month low of $44.76 and a twelve month high of $57.78.

Campbell Soup (NYSE:CPB – Free Report) last issued its quarterly earnings data on Wednesday, June 7th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. Campbell Soup had a net margin of 8.46% and a return on equity of 26.31%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the business posted $0.70 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts expect that Campbell Soup will post 3 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. Campbell Soup’s dividend payout ratio is currently 56.70%.

Analyst Ratings Changes

Several brokerages recently issued reports on CPB. StockNews.com downgraded Campbell Soup from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Barclays lowered their target price on shares of Campbell Soup from $53.00 to $50.00 in a research note on Thursday, June 8th. Evercore ISI lowered their price objective on shares of Campbell Soup from $55.00 to $53.00 in a research note on Thursday, June 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Campbell Soup from $53.00 to $52.00 in a research note on Monday, June 12th. Finally, Piper Sandler lowered their price objective on shares of Campbell Soup from $52.00 to $50.00 in a research note on Monday. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $50.83.

Campbell Soup Profile

(Free Report)

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.