Mutual of America Capital Management LLC Reduces Holdings in Campbell Soup (NASDAQ:CPB)

Mutual of America Capital Management LLC lowered its stake in shares of Campbell Soup (NASDAQ:CPB) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,279 shares of the company’s stock after selling 557 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Campbell Soup were worth $1,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CPB. Point72 Asia Singapore Pte. Ltd. bought a new position in Campbell Soup in the second quarter worth $32,000. nVerses Capital LLC purchased a new stake in shares of Campbell Soup in the 3rd quarter worth about $34,000. Ashton Thomas Securities LLC bought a new position in shares of Campbell Soup in the 3rd quarter worth about $39,000. TruNorth Capital Management LLC purchased a new position in Campbell Soup during the 2nd quarter valued at about $44,000. Finally, Rothschild Investment LLC bought a new stake in Campbell Soup during the second quarter worth about $44,000. 52.35% of the stock is owned by institutional investors.

Campbell Soup Stock Up 1.4 %

CPB opened at $45.93 on Tuesday. The stock has a market capitalization of $13.67 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 2.60 and a beta of 0.19. The firm has a 50 day moving average price of $47.30 and a 200-day moving average price of $47.03. Campbell Soup has a twelve month low of $39.65 and a twelve month high of $52.81. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the business posted $0.50 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities research analysts forecast that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.22%. Campbell Soup’s dividend payout ratio is currently 78.31%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CPB shares. JPMorgan Chase & Co. raised their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. Barclays increased their target price on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Thursday, September 12th. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Finally, DA Davidson downgraded shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $51.58.

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.