The Campbell Soup Company (NASDAQ:CPB) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lessened its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 29.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,604 shares of the company’s stock after selling 6,438 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Campbell Soup were worth $653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Campbell Soup by 3.1% during the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after acquiring an additional 298,203 shares in the last quarter. Van ECK Associates Corp grew its holdings in Campbell Soup by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after acquiring an additional 531,281 shares in the last quarter. Geode Capital Management LLC grew its holdings in Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock worth $256,827,000 after acquiring an additional 322,951 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Campbell Soup by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company’s stock worth $177,487,000 after acquiring an additional 199,470 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after acquiring an additional 1,792,005 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

CPB has been the subject of several analyst reports. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Wells Fargo & Company lowered their price target on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Citigroup lowered their target price on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, DA Davidson restated a “neutral” rating and issued a $51.00 target price on shares of Campbell Soup in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $50.17.

Campbell Soup Stock Down 0.5 %

CPB stock opened at $39.85 on Friday. The company has a fifty day moving average price of $39.57 and a 200 day moving average price of $44.70. The Campbell Soup Company has a 12 month low of $36.92 and a 12 month high of $52.81. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Sell-side analysts expect that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 3.91%. Campbell Soup’s payout ratio is currently 85.25%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.19% of the stock is owned by insiders.

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.