Atria Wealth Solutions Inc. Sells 407 Shares of Campbell Soup (NYSE:CPB)

Atria Wealth Solutions Inc. decreased its position in shares of Campbell Soup (NYSE:CPB) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,368 shares of the company’s stock after selling 407 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Campbell Soup were worth $578,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its position in shares of Campbell Soup by 13.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 305,969 shares of the company’s stock worth $13,154,000 after acquiring an additional 36,108 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Campbell Soup by 326.8% in the 4th quarter. Cerity Partners LLC now owns 249,316 shares of the company’s stock valued at $10,778,000 after purchasing an additional 190,901 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Campbell Soup by 7.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 213,155 shares of the company’s stock worth $8,756,000 after buying an additional 14,271 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Campbell Soup by 8.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 670,468 shares of the company’s stock worth $28,984,000 after buying an additional 51,819 shares during the last quarter. Finally, Washington Capital Management Inc. boosted its stake in Campbell Soup by 126.2% in the fourth quarter. Washington Capital Management Inc. now owns 24,725 shares of the company’s stock valued at $1,069,000 after buying an additional 13,795 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Down 2.2 %

Shares of NYSE CPB opened at $44.88 on Monday. The company’s 50 day moving average price is $43.65 and its 200-day moving average price is $42.81. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $55.04. The company has a market capitalization of $13.38 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 2.93 and a beta of 0.23.

Campbell Soup (NYSE:CPB) last announced its earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. Campbell Soup’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. Equities analysts forecast that Campbell Soup will post 3.05 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.48 annualized dividend and a yield of 3.30%. Campbell Soup’s dividend payout ratio is currently 57.81%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a research note on Thursday, March 14th. JPMorgan Chase & Co. increased their price objective on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Piper Sandler reaffirmed a “neutral” rating and set a $47.00 target price on shares of Campbell Soup in a research note on Tuesday, March 26th. DA Davidson started coverage on Campbell Soup in a research note on Friday, March 1st. They issued a “buy” rating and a $48.00 price target for the company. Finally, Citigroup initiated coverage on Campbell Soup in a research report on Thursday, February 1st. They set a “sell” rating and a $41.00 price objective on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.38.

About Campbell Soup

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.