Coldstream Capital Management Inc. Acquires 384 Shares of Campbell Soup (NYSE:CPB)

Coldstream Capital Management Inc. boosted its holdings in Campbell Soup (NYSE:CPB) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,196 shares of the company’s stock after purchasing an additional 384 shares during the period. Coldstream Capital Management Inc.’s holdings in Campbell Soup were worth $268,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its stake in Campbell Soup by 165.7% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $28,000 after purchasing an additional 406 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Campbell Soup by 79.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after acquiring an additional 449 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Campbell Soup during the third quarter valued at about $67,000. NBC Securities Inc. bought a new position in shares of Campbell Soup during the third quarter valued at about $78,000. Finally, Headinvest LLC bought a new position in shares of Campbell Soup during the third quarter valued at about $86,000. 52.35% of the stock is owned by institutional investors.

Campbell Soup Price Performance

Shares of NYSE CPB opened at $45.34 on Friday. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.12. The company has a 50 day simple moving average of $44.60 and a two-hundred day simple moving average of $43.34. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 2.96 and a beta of 0.23. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. The company 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 firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. Analysts expect that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio (DPR) is currently 57.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a research note on Thursday, March 14th. Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. Evercore ISI assumed coverage on shares of Campbell Soup in a research note on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price objective for the company. Piper Sandler reaffirmed a “neutral” rating and set a $47.00 price objective on shares of Campbell Soup in a research note on Tuesday, March 26th. Finally, Citigroup increased their price target on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $46.41.

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.