New York State Common Retirement Fund Sells 8,359 Shares of The Campbell Soup Company (NASDAQ:CPB)

New York State Common Retirement Fund lowered its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,667 shares of the company’s stock after selling 8,359 shares during the period. New York State Common Retirement Fund’s holdings in Campbell Soup were worth $3,755,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CPB. Ashton Thomas Securities LLC bought a new stake in Campbell Soup during the third quarter worth about $39,000. Principal Securities Inc. lifted its stake in shares of Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after buying an additional 290 shares in the last quarter. Kentucky Trust Co bought a new position in shares of Campbell Soup in the fourth quarter worth approximately $42,000. Quent Capital LLC lifted its stake in shares of Campbell Soup by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after buying an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Campbell Soup in the fourth quarter worth approximately $47,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Up 0.5 %

Shares of CPB stock opened at $40.06 on Friday. The Campbell Soup Company has a 12 month low of $36.92 and a 12 month high of $52.81. The stock has a market cap of $11.94 billion, a P/E ratio of 21.89, a P/E/G ratio of 2.71 and a beta of 0.19. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The company has a 50 day simple moving average of $39.53 and a two-hundred day simple moving average of $44.67.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. On average, research analysts expect that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.89%. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Insider Transactions at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 20.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company dropped their target price on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $51.00 target price on shares of Campbell Soup in a research note on Monday, December 2nd. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Finally, Citigroup decreased their price objective on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $50.17.

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.