Y Intercept Hong Kong Ltd Sells 22,756 Shares of The Campbell Soup Company (NASDAQ:CPB)

Y Intercept Hong Kong Ltd lowered its stake in The Campbell Soup Company (NASDAQ:CPB) by 49.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,848 shares of the company’s stock after selling 22,756 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Campbell Soup were worth $957,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in shares of Campbell Soup by 1,593.8% during the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after acquiring an additional 1,792,005 shares in the last quarter. Raymond James Trust N.A. boosted its position in Campbell Soup by 43.8% in the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock worth $451,000 after purchasing an additional 2,809 shares during the last quarter. ING Groep NV purchased a new position in shares of Campbell Soup during the 4th quarter valued at about $1,062,000. Handelsbanken Fonder AB lifted its holdings in Campbell Soup by 161.8% in the 4th quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company’s stock worth $7,801,000 after purchasing an additional 115,122 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. lifted its holdings in Campbell Soup by 133.3% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock worth $6,156,000 after purchasing an additional 84,000 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of NASDAQ:CPB opened at $39.85 on Friday. The business’s 50 day simple moving average is $39.57 and its 200-day simple moving average is $44.70. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The Campbell Soup Company has a 12 month low of $36.92 and a 12 month high of $52.81.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. As a group, equities analysts forecast 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 declared 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. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 3.91%. Campbell Soup’s dividend payout ratio is currently 85.25%.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 20.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Stephens reissued an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and upped their target price for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Citigroup cut their price objective on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a report on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 target price on shares of Campbell Soup in a report on Monday, December 2nd. Finally, Wells Fargo & Company lowered their price target on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.17.

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.