Lindbrook Capital LLC Has $44,000 Stock Holdings in Campbell Soup (NYSE:CPB)

Lindbrook Capital LLC lifted its position in Campbell Soup (NYSE:CPB) by 79.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,011 shares of the company’s stock after buying an additional 449 shares during the period. Lindbrook Capital LLC’s holdings in Campbell Soup were worth $44,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPB. Massmutual Trust Co. FSB ADV grew its position in shares of Campbell Soup by 165.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after purchasing an additional 406 shares during the period. ING Groep NV bought a new stake in Campbell Soup in the 3rd quarter valued at $33,000. Allworth Financial LP boosted its stake in Campbell Soup by 110.0% in the 3rd quarter. Allworth Financial LP now owns 819 shares of the company’s stock worth $34,000 after purchasing an additional 429 shares during the period. IFP Advisors Inc raised its stake in shares of Campbell Soup by 176.2% in the 3rd quarter. IFP Advisors Inc now owns 1,019 shares of the company’s stock valued at $42,000 after purchasing an additional 650 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of Campbell Soup in the third quarter valued at about $67,000. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Price Performance

Shares of NYSE CPB opened at $45.37 on Friday. The business’s 50 day moving average is $43.18 and its 200-day moving average is $42.51. The firm has a market cap of $13.52 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 2.94 and a beta of 0.24. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $55.14. The company has a current ratio of 1.01, a quick ratio of 0.43 and a debt-to-equity ratio of 1.17.

Campbell Soup (NYSE:CPB) last posted 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. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the firm earned $0.80 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. Equities research analysts predict 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 will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.26%. Campbell Soup’s dividend payout ratio is presently 57.81%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CPB shares. Evercore ISI started coverage on Campbell Soup in a research report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Thursday, March 14th. Citigroup started coverage on shares of Campbell Soup in a research note on Thursday, February 1st. They set a “sell” rating and a $41.00 price objective for the company. Piper Sandler reaffirmed a “neutral” rating and set a $47.00 price target on shares of Campbell Soup in a research report on Tuesday, March 26th. Finally, TheStreet raised shares of Campbell Soup from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.