Bryn Mawr Capital Management LLC trimmed its position in shares of Campbell Soup (NYSE:CPB – Free Report) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,387 shares of the company’s stock after selling 7,074 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Campbell Soup were worth $1,703,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in CPB. GAMMA Investing LLC bought a new position in Campbell Soup during the 4th quarter worth approximately $124,000. Wedge Capital Management L L P NC boosted its holdings in Campbell Soup by 11.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 43,481 shares of the company’s stock worth $1,880,000 after acquiring an additional 4,407 shares during the last quarter. Duality Advisers LP purchased a new position in shares of Campbell Soup in the 4th quarter worth about $1,131,000. Hussman Strategic Advisors Inc. boosted its holdings in shares of Campbell Soup by 68.3% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock worth $4,539,000 after buying an additional 42,600 shares during the last quarter. Finally, Sigma Planning Corp purchased a new stake in Campbell Soup during the fourth quarter valued at about $275,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.
Campbell Soup Stock Down 1.1 %
Campbell Soup stock traded down $0.52 on Friday, hitting $44.85. 2,394,758 shares of the stock traded hands, compared to its average volume of 2,733,428. The company has a current ratio of 1.01, a quick ratio of 0.43 and a debt-to-equity ratio of 1.17. The firm has a market cap of $13.37 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 2.98 and a beta of 0.24. The business’s fifty day simple moving average is $43.26 and its 200 day simple moving average is $42.53. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $55.14.
Campbell Soup Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.30%. Campbell Soup’s payout ratio is presently 57.81%.
Wall Street Analyst Weigh In
CPB has been the topic of a number of recent analyst reports. DA Davidson initiated coverage on shares of Campbell Soup in a report on Friday, March 1st. They issued a “buy” rating and a $48.00 price target on the stock. TheStreet raised shares of Campbell Soup from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Piper Sandler reissued a “neutral” rating and issued a $47.00 price target on shares of Campbell Soup in a report on Tuesday, March 26th. Citigroup began coverage on shares of Campbell Soup in a research report on Thursday, February 1st. They issued a “sell” rating and a $41.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.38.
Check Out Our Latest Report on Campbell Soup
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.
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