The Campbell Soup Company (NASDAQ:CPB) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC decreased its position in The Campbell Soup Company (NASDAQ:CPB) by 7.5% in the 4th quarter, Holdings Channel reports. The fund owned 7,656 shares of the company’s stock after selling 619 shares during the period. Personal CFO Solutions LLC’s holdings in Campbell Soup were worth $321,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Campbell Soup by 3.1% during the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company’s stock valued at $491,581,000 after buying an additional 298,203 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Campbell Soup by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock valued at $387,273,000 after buying an additional 531,281 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after buying an additional 322,951 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Campbell Soup by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company’s stock valued at $177,487,000 after buying an additional 199,470 shares during the last quarter. Finally, Amundi boosted its stake in shares of Campbell Soup by 23.9% during the 4th quarter. Amundi now owns 1,958,238 shares of the company’s stock valued at $76,823,000 after buying an additional 377,307 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of NASDAQ CPB opened at $42.04 on Tuesday. The firm has a market capitalization of $12.54 billion, a PE ratio of 22.97, a P/E/G ratio of 2.71 and a beta of 0.15. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81. The business’s fifty day moving average price is $39.39 and its two-hundred day moving average price is $44.22.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, research analysts expect that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is 90.17%.

Insider Activity

In related news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CPB shares. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and increased their target price for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. DA Davidson restated a “neutral” rating and set a $51.00 price objective on shares of Campbell Soup in a research note on Wednesday, December 4th. BNP Paribas upgraded Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. Citigroup reduced their price objective on Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a research note on Thursday, March 6th. Finally, Stephens restated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.36.

Campbell Soup Profile

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.