Vontobel Holding Ltd. Sells 21,982 Shares of Campbell Soup (NYSE:CPB)

Vontobel Holding Ltd. lessened its position in shares of Campbell Soup (NYSE:CPB) by 32.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,108 shares of the company’s stock after selling 21,982 shares during the period. Vontobel Holding Ltd.’s holdings in Campbell Soup were worth $1,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Campbell Soup by 8.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 670,468 shares of the company’s stock valued at $28,984,000 after acquiring an additional 51,819 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Campbell Soup in the fourth quarter worth approximately $514,000. Perigon Wealth Management LLC lifted its position in Campbell Soup by 10.4% during the fourth quarter. Perigon Wealth Management LLC now owns 12,145 shares of the company’s stock valued at $525,000 after purchasing an additional 1,145 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in Campbell Soup by 48.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 10,746 shares of the company’s stock worth $465,000 after buying an additional 3,483 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings 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 worth $10,778,000 after buying an additional 190,901 shares during the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. DA Davidson assumed coverage on Campbell Soup in a report on Friday, March 1st. They issued a “buy” rating and a $48.00 price objective for the company. Evercore ISI initiated coverage on Campbell Soup in a report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price objective on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Tuesday, March 26th. Finally, 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 target on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.38.

Campbell Soup Stock Up 1.1 %

NYSE CPB opened at $44.20 on Friday. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $55.14. The stock has a market capitalization of $13.18 billion, a PE ratio of 17.27, a PEG ratio of 2.83 and a beta of 0.24. 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 business’s 50-day moving average is $42.97 and its 200 day moving average is $42.37.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data 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 firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. Sell-side analysts forecast that Campbell Soup will post 3.05 earnings per share for the current year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be given a $0.37 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.35%. Campbell Soup’s dividend payout ratio is 57.81%.

Campbell Soup 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.