GAMMA Investing LLC Raises Position in Campbell Soup (NYSE:CPB)

GAMMA Investing LLC lifted its stake in shares of Campbell Soup (NYSE:CPB) by 61.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,479 shares of the company’s stock after purchasing an additional 1,703 shares during the period. GAMMA Investing LLC’s holdings in Campbell Soup were worth $199,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CPB. Van ECK Associates Corp increased its stake in shares of Campbell Soup by 97.2% during the 4th quarter. Van ECK Associates Corp now owns 7,329,256 shares of the company’s stock worth $316,844,000 after purchasing an additional 3,613,495 shares during the last quarter. Norges Bank purchased a new stake in shares of Campbell Soup during the 4th quarter worth approximately $125,689,000. Deutsche Bank AG increased its stake in shares of Campbell Soup by 62.3% during the 3rd quarter. Deutsche Bank AG now owns 1,453,612 shares of the company’s stock worth $59,714,000 after purchasing an additional 557,948 shares during the last quarter. UBS Group AG increased its stake in shares of Campbell Soup by 116.4% during the 4th quarter. UBS Group AG now owns 463,602 shares of the company’s stock worth $20,042,000 after purchasing an additional 249,326 shares during the last quarter. Finally, KBC Group NV grew its stake in Campbell Soup by 48.1% in the 4th quarter. KBC Group NV now owns 655,227 shares of the company’s stock valued at $28,325,000 after buying an additional 212,742 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

NYSE CPB opened at $44.75 on Friday. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $46.97. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.24 and a current ratio of 0.62. The company has a market capitalization of $13.36 billion, a P/E ratio of 18.12, a P/E/G ratio of 2.86 and a beta of 0.19. The company has a fifty day moving average of $44.69 and a 200-day moving average of $43.78.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. As a group, equities research analysts predict that Campbell Soup will post 3.08 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio is presently 59.92%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Friday, June 7th. DA Davidson lifted their price objective on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Citigroup lifted their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research note on Thursday, May 23rd. Piper Sandler reiterated a “neutral” rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. lifted 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. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Campbell Soup currently has a consensus rating of “Hold” and an average price target of $46.31.

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.