Inscription Capital LLC Invests $444,000 in Campbell Soup (NYSE:CPB)

Inscription Capital LLC acquired a new position in shares of Campbell Soup (NYSE:CPB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the company’s stock, valued at approximately $444,000.

Other hedge funds also recently made changes to their positions in the company. First Trust Advisors LP increased its holdings in Campbell Soup by 6.5% in the fourth quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock worth $28,592,000 after purchasing an additional 40,504 shares in the last quarter. Lingohr Asset Management GmbH bought a new stake in Campbell Soup in the fourth quarter worth approximately $627,000. Stephens Inc. AR bought a new stake in Campbell Soup in the fourth quarter worth approximately $1,211,000. ING Groep NV increased its holdings in Campbell Soup by 3,237.3% in the fourth quarter. ING Groep NV now owns 26,899 shares of the company’s stock worth $1,163,000 after purchasing an additional 26,093 shares in the last quarter. Finally, Leo Wealth LLC bought a new stake in Campbell Soup in the fourth quarter worth approximately $1,430,000. 52.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Campbell Soup from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Friday, June 7th. Evercore ISI assumed coverage on Campbell Soup in a report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price objective for the company. Piper Sandler restated a “neutral” rating and set a $47.00 price objective on shares of Campbell Soup in a report on Tuesday, March 26th. Royal Bank of Canada restated a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a report on Friday, June 7th. Finally, Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $42.00 to $46.00 in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.31.

Campbell Soup Stock Down 0.5 %

CPB stock opened at $44.51 on Friday. The stock has a market cap of $13.29 billion, a P/E ratio of 18.02, a P/E/G ratio of 2.85 and a beta of 0.19. The stock’s fifty day simple moving average is $44.73 and its two-hundred day simple moving average is $43.80. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $46.97.

Campbell Soup (NYSE:CPB) last issued its earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. Analysts expect that Campbell Soup will post 3.08 EPS for the current year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd will be paid a $0.37 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.33%. Campbell Soup’s payout ratio is presently 59.92%.

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.