The Campbell Soup Company (NASDAQ:CPB) Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,807 shares of the company’s stock after selling 1,445 shares during the period. Keybank National Association OH’s holdings in Campbell Soup were worth $1,416,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CPB. US Bancorp DE increased its stake in shares of Campbell Soup by 4.2% in the third quarter. US Bancorp DE now owns 33,571 shares of the company’s stock worth $1,642,000 after buying an additional 1,346 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Campbell Soup by 45.1% in the third quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company’s stock worth $87,000 after buying an additional 552 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Campbell Soup by 9.7% in the third quarter. QRG Capital Management Inc. now owns 15,723 shares of the company’s stock worth $769,000 after buying an additional 1,392 shares during the last quarter. Graypoint LLC increased its stake in shares of Campbell Soup by 18.3% in the third quarter. Graypoint LLC now owns 6,031 shares of the company’s stock worth $295,000 after buying an additional 931 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Campbell Soup by 6.8% in the third quarter. Principal Financial Group Inc. now owns 278,607 shares of the company’s stock worth $13,629,000 after buying an additional 17,663 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.19% of the stock is owned by corporate insiders.

Campbell Soup Stock Performance

CPB stock opened at $41.81 on Friday. The company has a market capitalization of $12.46 billion, a P/E ratio of 22.85, a PEG ratio of 2.71 and a beta of 0.19. The company has a 50-day simple moving average of $39.39 and a 200 day simple moving average of $44.36. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business’s revenue was up 9.3% compared to the same quarter last year. Sell-side analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s payout ratio is currently 85.25%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CPB shares. Stifel Nicolaus lowered their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada lowered their target price on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. Barclays lowered their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Finally, Jefferies Financial Group lowered their target price on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.