Fiera Capital Corp reduced its stake in Campbell Soup (NYSE:CPB) by 8.8% during the first quarter, Holdings Channel.com reports. The firm owned 54,634 shares of the company’s stock after selling 5,241 shares during the quarter. Fiera Capital Corp’s holdings in Campbell Soup were worth $2,522,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Ameritas Investment Company LLC raised its holdings in Campbell Soup by 81.3% in the 4th quarter. Ameritas Investment Company LLC now owns 553 shares of the company’s stock worth $27,000 after purchasing an additional 248 shares during the period. Bessemer Group Inc. bought a new position in Campbell Soup in the 4th quarter worth $31,000. Orion Portfolio Solutions LLC bought a new position in Campbell Soup in the 4th quarter worth $31,000. Point72 Hong Kong Ltd bought a new position in Campbell Soup in the 4th quarter worth $42,000. Finally, Allworth Financial LP raised its holdings in Campbell Soup by 240.0% in the 1st quarter. Allworth Financial LP now owns 850 shares of the company’s stock worth $39,000 after purchasing an additional 600 shares during the period. 51.36% of the stock is currently owned by institutional investors.
CPB has been the subject of a number of analyst reports. Deutsche Bank increased their price target on Campbell Soup from $52.00 to $53.00 and gave the stock a “hold” rating in a research note on Friday. Zacks Investment Research lowered Campbell Soup from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a research note on Tuesday. Jefferies Financial Group reiterated a “hold” rating and issued a $53.00 price target on shares of Campbell Soup in a research note on Tuesday, March 24th. JPMorgan Chase & Co. increased their price target on Campbell Soup from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Finally, Goldman Sachs Group lowered Campbell Soup from a “neutral” rating to a “sell” rating and set a $47.00 price target for the company. in a research note on Thursday, March 12th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $50.44.
Shares of Campbell Soup stock opened at $48.35 on Friday. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 2.36 and a beta of 0.43. The business has a 50-day moving average price of $50.16 and a 200-day moving average price of $48.48. The company has a quick ratio of 0.31, a current ratio of 0.61 and a debt-to-equity ratio of 1.97. Campbell Soup has a twelve month low of $35.27 and a twelve month high of $57.54.
Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.06. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Campbell Soup had a return on equity of 50.69% and a net margin of 17.46%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.79 earnings per share. On average, equities analysts expect that Campbell Soup will post 2.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Thursday, April 9th were given a $0.35 dividend. The ex-dividend date was Wednesday, April 8th. This represents a $1.40 annualized dividend and a yield of 2.90%. Campbell Soup’s dividend payout ratio is currently 60.87%.
Campbell Soup Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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