Brandes Investment Partners LP Takes $214,000 Position in Campbell Soup (NYSE:CPB)

Brandes Investment Partners LP acquired a new stake in Campbell Soup (NYSE:CPBFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,954 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. grew its stake in Campbell Soup by 13.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 305,969 shares of the company’s stock worth $13,154,000 after purchasing an additional 36,108 shares in the last quarter. Cerity Partners LLC lifted its holdings in Campbell Soup by 326.8% during 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. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Campbell Soup by 7.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 213,155 shares of the company’s stock worth $8,756,000 after buying an additional 14,271 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Campbell Soup by 8.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 670,468 shares of the company’s stock worth $28,984,000 after buying an additional 51,819 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. lifted its holdings in Campbell Soup by 3.5% during the 4th quarter. Savoir Faire Capital Management L.P. now owns 107,262 shares of the company’s stock worth $4,637,000 after buying an additional 3,588 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CPB. DA Davidson initiated coverage on Campbell Soup in a report on Friday, March 1st. They set a “buy” rating and a $48.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a report on Thursday, March 14th. Piper Sandler reissued a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a report on Tuesday, March 26th. Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $42.00 to $46.00 in a report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. boosted their target price on Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Three research 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.com, Campbell Soup has a consensus rating of “Hold” and a consensus target price of $46.35.

View Our Latest Report on CPB

Campbell Soup Price Performance

Shares of CPB traded down $0.24 on Wednesday, reaching $45.79. The stock had a trading volume of 402,714 shares, compared to its average volume of 2,577,537. The firm has a market capitalization of $13.65 billion, a PE ratio of 17.98, a PEG ratio of 3.03 and a beta of 0.23. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. The firm has a 50-day moving average of $44.41 and a 200 day moving average of $43.27. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $52.12.

Campbell Soup (NYSE:CPBGet Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. Campbell Soup’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Sell-side analysts expect 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, July 29th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 57.81%.

Campbell Soup Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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