TCG Advisory Services LLC Acquires Shares of 10,500 Campbell Soup (NYSE:CPB)

TCG Advisory Services LLC bought a new position in Campbell Soup (NYSE:CPB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,500 shares of the company’s stock, valued at approximately $454,000.

Other hedge funds have also recently made changes to their positions in the company. LSV Asset Management increased its holdings in Campbell Soup by 43.8% in the 4th quarter. LSV Asset Management now owns 47,600 shares of the company’s stock worth $2,058,000 after acquiring an additional 14,500 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Campbell Soup by 42.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,307 shares of the company’s stock worth $100,000 after purchasing an additional 682 shares in the last quarter. Natixis Advisors L.P. increased its stake in shares of Campbell Soup by 63.9% in the fourth quarter. Natixis Advisors L.P. now owns 39,416 shares of the company’s stock worth $1,703,000 after purchasing an additional 15,364 shares in the last quarter. West Family Investments Inc. raised its position in shares of Campbell Soup by 13.0% in the fourth quarter. West Family Investments Inc. now owns 6,914 shares of the company’s stock valued at $299,000 after purchasing an additional 796 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Campbell Soup by 9.8% during the 4th quarter. Fisher Asset Management LLC now owns 85,244 shares of the company’s stock valued at $3,685,000 after buying an additional 7,579 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Price Performance

Shares of Campbell Soup stock traded down $1.01 during trading on Friday, hitting $44.88. 2,760,270 shares of the stock traded hands, compared to its average volume of 2,419,463. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 2.93 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. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $55.04. The firm’s fifty day moving average is $43.65 and its 200-day moving average is $42.79.

Campbell Soup (NYSE:CPB) last issued its quarterly 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 business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $0.80 earnings per share. Research analysts expect that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Thursday, April 4th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.30%. Campbell Soup’s dividend payout ratio (DPR) is currently 57.81%.

Analyst Ratings Changes

CPB has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Citigroup initiated coverage on Campbell Soup in a report on Thursday, February 1st. They set a “sell” rating and a $41.00 price objective on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $47.00 target price on shares of Campbell Soup in a report on Tuesday, March 26th. DA Davidson assumed coverage on Campbell Soup in a research report on Friday, March 1st. They set a “buy” rating and a $48.00 price target on the stock. Finally, Evercore ISI started coverage on shares of Campbell Soup in a research note on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Campbell Soup currently has an average rating of “Hold” and a consensus price target of $46.38.

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.