Campbell Soup (NYSE:CPB) Stock Holdings Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in shares of Campbell Soup (NYSE:CPB) by 292.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,660 shares of the company’s stock after purchasing an additional 97,369 shares during the quarter. Handelsbanken Fonder AB’s holdings in Campbell Soup were worth $5,648,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings in shares of Campbell Soup by 0.4% in the third quarter. Stifel Financial Corp now owns 63,321 shares of the company’s stock valued at $2,601,000 after purchasing an additional 261 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Campbell Soup by 3.1% in the third quarter. Inspire Investing LLC now owns 8,877 shares of the company’s stock valued at $365,000 after purchasing an additional 267 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Campbell Soup by 4.6% in the third quarter. Kingsview Wealth Management LLC now owns 6,756 shares of the company’s stock valued at $278,000 after purchasing an additional 298 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of Campbell Soup by 3.0% in the third quarter. Moors & Cabot Inc. now owns 10,210 shares of the company’s stock worth $419,000 after acquiring an additional 300 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Campbell Soup by 0.7% in the fourth quarter. Arizona State Retirement System now owns 53,226 shares of the company’s stock worth $2,301,000 after acquiring an additional 364 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $45.37 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 0.43. The firm has a market cap of $13.52 billion, a P/E ratio of 17.72, a P/E/G ratio of 2.94 and a beta of 0.24. The firm has a 50 day simple moving average of $43.18 and a 200 day simple moving average of $42.51. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $55.14.

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

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Wednesday, April 3rd. Campbell Soup’s dividend payout ratio is presently 57.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CPB shares. Piper Sandler reaffirmed a “neutral” rating and issued a $47.00 price target on shares of Campbell Soup in a research note on Tuesday, March 26th. JPMorgan Chase & Co. raised their price target on Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Citigroup assumed coverage on Campbell Soup in a research report on Thursday, February 1st. They issued a “sell” rating and a $41.00 price target on the stock. TheStreet upgraded shares of Campbell Soup from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Finally, DA Davidson assumed coverage on shares of Campbell Soup in a research note on Friday, March 1st. They issued a “buy” rating and a $48.00 target price for the company. Three investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.