Bank of New York Mellon Corp Has $177.49 Million Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

Bank of New York Mellon Corp boosted its position in The Campbell Soup Company (NASDAQ:CPB) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,237,992 shares of the company’s stock after purchasing an additional 199,470 shares during the period. Bank of New York Mellon Corp’s holdings in Campbell Soup were worth $177,487,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPB. Ashton Thomas Securities LLC bought a new stake in Campbell Soup in the third quarter valued at approximately $39,000. Principal Securities Inc. lifted its holdings in Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares during the last quarter. Kentucky Trust Co bought a new position in Campbell Soup during the fourth quarter worth $42,000. Quent Capital LLC increased its holdings in shares of Campbell Soup by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after purchasing an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Campbell Soup in the fourth quarter valued at about $47,000. Institutional investors own 52.35% of the company’s stock.

Insider Transactions at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 20.19% of the stock is owned by insiders.

Campbell Soup Trading Down 0.5 %

CPB opened at $39.85 on Friday. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 2.71 and a beta of 0.19. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The company has a 50-day simple moving average of $39.57 and a 200 day simple moving average of $44.70.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Analysts predict that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 3.91%. Campbell Soup’s payout ratio is 85.25%.

Analysts Set New Price Targets

CPB has been the subject of several research analyst reports. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Barclays decreased their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. DA Davidson reissued a “neutral” rating and set a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Wells Fargo & Company decreased their price objective on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.17.

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.