Ameritas Advisory Services LLC raised its holdings in shares of Campbell Soup (NYSE:CPB – Free Report) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,372 shares of the company’s stock after acquiring an additional 559 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Campbell Soup were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of CPB. Gradient Investments LLC grew its holdings in Campbell Soup by 77.7% during the first quarter. Gradient Investments LLC now owns 519 shares of the company’s stock valued at $29,000 after purchasing an additional 227 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Campbell Soup during the 4th quarter valued at approximately $32,000. Parkside Financial Bank & Trust increased its holdings in Campbell Soup by 149.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock worth $27,000 after acquiring an additional 358 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Campbell Soup during the 4th quarter worth approximately $37,000. Finally, ICA Group Wealth Management LLC bought a new position in shares of Campbell Soup in the fourth quarter worth approximately $60,000. Institutional investors own 50.00% of the company’s stock.
Campbell Soup Trading Down 0.5 %
CPB opened at $46.33 on Friday. The stock has a 50-day moving average of $47.92 and a 200 day moving average of $51.61. The company has a current ratio of 0.92, a quick ratio of 0.36 and a debt-to-equity ratio of 1.25. Campbell Soup has a 12 month low of $44.76 and a 12 month high of $57.78. The firm has a market cap of $13.81 billion, a P/E ratio of 17.75, a P/E/G ratio of 4.41 and a beta of 0.33.
Campbell Soup Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $1.48 annualized dividend and a yield of 3.19%. Campbell Soup’s payout ratio is 56.71%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on CPB shares. Royal Bank of Canada lowered their target price on shares of Campbell Soup from $50.00 to $49.00 in a research note on Thursday, June 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on Campbell Soup from $53.00 to $52.00 in a research note on Monday, June 12th. Piper Sandler decreased their target price on Campbell Soup from $52.00 to $50.00 in a research note on Monday, June 26th. Evercore ISI dropped their price target on Campbell Soup from $55.00 to $53.00 in a research note on Thursday, June 8th. Finally, Barclays reduced their price objective on shares of Campbell Soup from $50.00 to $49.00 and set an “underweight” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.75.
Campbell Soup Company Profile
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.
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