Baird Financial Group Inc. raised its stake in shares of Campbell Soup (NYSE:CPB – Receive Rating) to 13.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 36,751 shares of the company’s stock after purchasing an additional 4,417 shares during the quarter. At the end of the most recent reporting period, Baird Financial Group Inc. at Campbell Soup The holding was valued at $1,766,000.
Several other large investors have also increased or decreased their holdings in the stock. State Street Corp raised its stake in Campbell Soup shares by 16.8% in the first quarter. State Street Corp now owns 12,182,043 shares of the company’s stock valued at $542,954,000 after buying an additional 1,749,650 shares in the last quarter. In the first quarter, Vanguard Group Inc. increased its stake in Campbell Soup shares to 6.3%. Vanguard Group Inc. now owns 23,259,524 shares of the company’s stock valued at $1,036,678,000 after purchasing an additional 1,387,605 shares in the last quarter. are near. Victory Capital Management Inc. raised its stake in Campbell Soup shares to 64.4% in the first quarter. After buying an additional 362,607 shares in the last quarter, Victory Capital Management Inc. holds 925,468 shares of the company’s stock valued at $43,701,000. abrdn plc increased its holding in Campbell Soup shares to 305.4% in the second quarter. ABRDN plc now owns 378,648 shares of the company’s stock valued at $18,262,000 after purchasing an additional 285,248 shares in the last quarter. Finally, WorldQuant Millennium Advisors LLC increased its stake in Campbell Soup shares to 201.0% in the first quarter. WorldQuant Millennium Advisors LLC now owns 381,297 shares of the company’s stock valued at $16,994,000 after buying an additional 254,619 shares in the last quarter. Institutional investors and hedge funds own 51.16% of the company’s stock.
Campbell Soup stock down 0.4%
Shares of NYSE:CPB opened on Friday at $50.49. The firm has a market cap of $15.13 billion, a P/E ratio of 20.20, a P/E/G ratio of 5.69, and a beta of 0.41. The company has a quick ratio of 0.25, current ratio of 0.68 and debt-to-equity ratio of 1.20. Campbell Soup’s 12-month low is $39.85 and its 12-month high is $53.28. The fifty-day simple moving average is trading at $49.40 and the 200-day simple moving average is $48.84.
Campbell Soup (NYSE: CPB – Receive Rating) last announced its earnings results on Thursday, September 1. The company reported earnings per share (EPS) of $0.56 for the quarter, beating the consensus estimate of $0.56. Campbell Soup’s return on equity was 25.81% and net margin was 8.84%. The business’s revenue during the quarter was $1.99 billion, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.55 EPS. Campbell Soup’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts expect Campbell Soup to post $2.9 earnings per share for the current year.
Campbell Soup Dividend Declaration
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31. A dividend of $0.37 was paid to shareholders of record on Thursday, October 6. This represents a $1.48 annual dividend and a dividend yield of 2.93%. The ex-dividend date was Wednesday, October 5. The Dividend Payout Ratio (DPR) of Campbell Soup currently stands at 59.20%.
Analyst Rating Changes
CPB has been the subject of several research analyst reports. Exane BNP Paribas initiated coverage on Campbell Soup in a report on Tuesday. He issued an “underperform” rating on the stock. StockNews.com upgraded Campbell Soup from a “hold” rating to a “buy” rating in a research note on Friday, November 11. Credit Suisse Group raised its price target on Campbell Soup from $46.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, August 26. UBS Group increased its price target on Campbell Soup to $45.00 in a research note on Monday, August 29. Finally, BNP Paribas assumed coverage on Campbell Soup in a research note on Tuesday. They issued an “Underperform” rating and $48.00 price target for the company. Three analysts have rated the company’s stock with a Sell rating, eight have issued a Hold rating and one has a Buy rating on the company’s stock. According to Marketbeat, the company currently has an average rating of “Hold” and an average price target of $47.90.
Insider trading at Campbell’s Soup
In other news, EVP Anthony Sanzio sold 3,600 shares of Campbell Soup stock in a transaction on Monday, October 3. The stock was sold at an average price of $47.35 for a total value of $170,460.00. Following the completion of the transaction, the Executive Vice President now directly owns 14,445 shares of Company stock, valued at approximately $683,970.75. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Corporate insiders own 21.05% of the company’s stock.
Campbell Soup Company Profile
The Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through the Meals & Beverages and Snacks segments. The Food and Beverages segment engages in the retail and food service businesses in the United States and Canada.
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