Duality Advisers LP Buys Shares of 26,160 Campbell Soup (NYSE:CPB)

Duality Advisers LP purchased a new position in shares of Campbell Soup (NYSE:CPB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,160 shares of the company’s stock, valued at approximately $1,131,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Massmutual Trust Co. FSB ADV boosted its stake 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 in the last quarter. ING Groep NV bought a new position in shares of Campbell Soup in the 3rd quarter valued at $33,000. Allworth Financial LP boosted its holdings in shares of Campbell Soup by 110.0% during the 3rd quarter. Allworth Financial LP now owns 819 shares of the company’s stock valued at $34,000 after acquiring an additional 429 shares in the last quarter. Lindbrook Capital LLC grew its position in Campbell Soup by 79.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock worth $44,000 after acquiring an additional 449 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Campbell Soup by 176.2% during the third quarter. IFP Advisors Inc now owns 1,019 shares of the company’s stock valued at $42,000 after purchasing an additional 650 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CPB shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 price objective on shares of Campbell Soup in a report on Thursday, March 14th. DA Davidson started coverage on Campbell Soup in a research report on Friday, March 1st. They set a “buy” rating and a $48.00 target price for the company. Citigroup initiated coverage on Campbell Soup in a research report on Thursday, February 1st. They issued a “sell” rating and a $41.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a report on Tuesday, March 26th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.38.

Campbell Soup Stock Performance

Shares of CPB opened at $44.98 on Wednesday. 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 firm has a market cap of $13.41 billion, a PE ratio of 17.57, a PEG ratio of 2.95 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 stock’s fifty day moving average price is $43.02 and its two-hundred day moving average price is $42.45.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a yield of 3.29%. Campbell Soup’s dividend payout ratio is currently 57.81%.

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.