Cognios Beta Neutral Large Cap Fund LP Sells 834 Shares of Campbell Soup (NYSE:CPB)

Cognios Beta Neutral Large Cap Fund LP reduced its stake in Campbell Soup (NYSE:CPB) by 6.4% during the 4th quarter, HoldingsChannel reports. The fund owned 12,283 shares of the company’s stock after selling 834 shares during the quarter. Cognios Beta Neutral Large Cap Fund LP’s holdings in Campbell Soup were worth $531,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its position in Campbell Soup by 13.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 305,969 shares of the company’s stock valued at $13,154,000 after acquiring an additional 36,108 shares in the last quarter. Cerity Partners LLC lifted its position in Campbell Soup by 326.8% in the 4th quarter. Cerity Partners LLC now owns 249,316 shares of the company’s stock valued at $10,778,000 after acquiring an additional 190,901 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Campbell Soup by 7.2% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 213,155 shares of the company’s stock valued at $8,756,000 after acquiring an additional 14,271 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Campbell Soup by 8.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 670,468 shares of the company’s stock valued at $28,984,000 after buying an additional 51,819 shares during the last quarter. Finally, Washington Capital Management Inc. increased its stake in Campbell Soup by 126.2% in the 4th quarter. Washington Capital Management Inc. now owns 24,725 shares of the company’s stock valued at $1,069,000 after buying an additional 13,795 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Campbell Soup Stock Performance

NYSE CPB traded up $0.59 during trading on Wednesday, reaching $45.55. The company’s stock had a trading volume of 3,510,011 shares, compared to its average volume of 2,733,309. The company has a current ratio of 1.01, a quick ratio of 0.43 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 2.95 and a beta of 0.24. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $55.14. The firm has a 50 day moving average price of $43.09 and a 200 day moving average price of $42.48.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 EPS. As a group, equities analysts anticipate that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, April 3rd. Campbell Soup’s dividend payout ratio is currently 57.81%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CPB shares. Piper Sandler reiterated a “neutral” rating and issued a $47.00 price target on shares of Campbell Soup in a research note on Tuesday, March 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 price target on shares of Campbell Soup in a research note on Thursday, March 14th. JPMorgan Chase & Co. lifted their price target on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. DA Davidson started coverage on shares of Campbell Soup in a research note on Friday, March 1st. They issued a “buy” rating and a $48.00 price target on the stock. Finally, TheStreet upgraded shares of Campbell Soup from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Three 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. Based on data from MarketBeat, Campbell Soup presently has an average rating of “Hold” and an average target price 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.