Daiwa Securities Group Inc. raised its position in shares of Campbell Soup (NYSE:CPB – Free Report) by 4.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,797 shares of the company’s stock after acquiring an additional 692 shares during the period. Daiwa Securities Group Inc.’s holdings in Campbell Soup were worth $869,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in CPB. Parkside Financial Bank & Trust lifted its stake in shares of Campbell Soup by 149.8% during the first 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. Gradient Investments LLC lifted its stake in shares of Campbell Soup by 77.7% during the first quarter. Gradient Investments LLC now owns 519 shares of the company’s stock worth $29,000 after purchasing an additional 227 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in shares of Campbell Soup during the fourth quarter worth about $32,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Campbell Soup during the fourth quarter worth about $37,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Campbell Soup in the fourth quarter worth about $60,000. Hedge funds and other institutional investors own 50.00% of the company’s stock.
Wall Street Analyst Weigh In
CPB has been the topic of several recent analyst reports. Stifel Nicolaus cut their price target on Campbell Soup from $55.00 to $51.00 in a research note on Thursday, June 8th. Evercore ISI cut their price target on Campbell Soup from $55.00 to $53.00 in a research note on Thursday, June 8th. Deutsche Bank Aktiengesellschaft cut their price target on Campbell Soup from $53.00 to $52.00 in a research note on Monday, June 12th. Barclays cut their price target on Campbell Soup from $50.00 to $49.00 and set an “underweight” rating on the stock in a research note on Thursday, July 20th. Finally, Piper Sandler cut their price objective on Campbell Soup from $52.00 to $50.00 in a research note on Monday, June 26th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, Campbell Soup has a consensus rating of “Hold” and a consensus target price of $50.75.
Campbell Soup Stock Up 0.4 %
Campbell Soup (NYSE:CPB – Get Free Report) last posted its earnings results on Wednesday, June 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. Campbell Soup had a return on equity of 26.31% and a net margin of 8.46%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the company earned $0.70 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. Analysts predict that Campbell Soup will post 3 EPS for the current year.
Campbell Soup Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Wednesday, July 5th. Campbell Soup’s dividend payout ratio (DPR) is 56.71%.
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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