Duality Advisers LP Sells 2,477 Shares of Campbell Soup (NYSE:CPB)

Duality Advisers LP lessened its position in Campbell Soup (NYSE:CPB) by 9.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 23,683 shares of the company’s stock after selling 2,477 shares during the period. Duality Advisers LP’s holdings in Campbell Soup were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in shares of Campbell Soup by 97.2% during the 4th quarter. Van ECK Associates Corp now owns 7,329,256 shares of the company’s stock valued at $316,844,000 after acquiring an additional 3,613,495 shares in the last quarter. Norges Bank bought a new stake in Campbell Soup in the fourth quarter valued at approximately $125,689,000. AMF Tjanstepension AB bought a new stake in Campbell Soup in the first quarter valued at approximately $30,128,000. Bank of New York Mellon Corp boosted its holdings in shares of Campbell Soup by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company’s stock valued at $147,375,000 after buying an additional 580,411 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Campbell Soup by 62.3% in the third quarter. Deutsche Bank AG now owns 1,453,612 shares of the company’s stock valued at $59,714,000 after buying an additional 557,948 shares during the period. Institutional investors own 52.35% of the company’s stock.

Analysts Set New Price Targets

CPB has been the subject of a number of analyst reports. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Friday. Piper Sandler restated a “neutral” rating and set a $47.00 target price on shares of Campbell Soup in a research note on Tuesday, March 26th. Citigroup lifted their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research note on Thursday, May 23rd. Wells Fargo & Company raised their target price on shares of Campbell Soup from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Friday, June 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a report on Friday, June 7th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.56.

Campbell Soup Stock Up 0.3 %

Shares of NYSE:CPB traded up $0.14 during midday trading on Friday, reaching $45.47. The company’s stock had a trading volume of 1,659,469 shares, compared to its average volume of 2,694,047. The firm has a 50 day moving average of $44.88 and a 200-day moving average of $43.98. The firm has a market capitalization of $13.58 billion, a P/E ratio of 18.35, a PEG ratio of 2.90 and a beta of 0.16. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $46.97. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. On average, research analysts anticipate that Campbell Soup will post 3.08 earnings per share for the current year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Campbell Soup Company 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.