Los Angeles Capital Management LLC Sells 12,826 Shares of Campbell Soup (NYSE:CPB)

Los Angeles Capital Management LLC lowered its stake in shares of Campbell Soup (NYSE:CPB) by 15.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,557 shares of the company’s stock after selling 12,826 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Campbell Soup were worth $3,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CPB. Stifel Financial Corp raised its stake in 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 buying an additional 261 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in Campbell Soup by 4.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock valued at $303,000 after buying an additional 286 shares during the last quarter. Arizona State Retirement System raised its stake in Campbell Soup by 0.7% in the fourth quarter. Arizona State Retirement System now owns 53,226 shares of the company’s stock valued at $2,301,000 after buying an additional 364 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in Campbell Soup by 6.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,196 shares of the company’s stock valued at $268,000 after buying an additional 384 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in Campbell Soup by 165.7% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after buying an additional 406 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Down 0.5 %

Shares of CPB opened at $44.51 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $46.97. The stock’s 50 day moving average is $44.73 and its two-hundred day moving average is $43.80. The firm has a market cap of $13.29 billion, a P/E ratio of 18.02, a PEG ratio of 2.86 and a beta of 0.19.

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

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio is presently 59.92%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CPB. Wells Fargo & Company raised their price objective on Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Friday, June 7th. Piper Sandler restated a “neutral” rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Tuesday, March 26th. DA Davidson raised their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Citigroup raised their price objective on Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research note on Thursday, May 23rd. Finally, Sanford C. Bernstein upgraded Campbell Soup from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $42.00 to $46.00 in a research note on Wednesday, May 15th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.31.

Campbell Soup Company 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.