Bryn Mawr Capital Management LLC Sells 7,074 Shares of Campbell Soup (NYSE:CPB)

Bryn Mawr Capital Management LLC trimmed its stake in Campbell Soup (NYSE:CPB) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,387 shares of the company’s stock after selling 7,074 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Campbell Soup were worth $1,703,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CPB. Massmutual Trust Co. FSB ADV grew its position in Campbell Soup by 165.7% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after acquiring an additional 406 shares during the period. ING Groep NV bought a new stake in Campbell Soup in the third quarter valued at $33,000. Allworth Financial LP grew its position in Campbell Soup by 110.0% in the third quarter. Allworth Financial LP now owns 819 shares of the company’s stock valued at $34,000 after acquiring an additional 429 shares during the period. IFP Advisors Inc grew its position in Campbell Soup by 176.2% in the third quarter. IFP Advisors Inc now owns 1,019 shares of the company’s stock valued at $42,000 after acquiring an additional 650 shares during the period. Finally, Lindbrook Capital LLC grew its position in Campbell Soup by 79.9% in 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 period. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Trading Down 1.1 %

CPB traded down $0.52 during midday trading on Friday, hitting $44.85. 2,394,758 shares of the company were exchanged, compared to its average volume of 2,733,428. The firm has a market capitalization of $13.37 billion, a P/E ratio of 17.72, a P/E/G ratio of 2.98 and a beta of 0.24. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $55.14. The firm’s 50 day moving average price is $43.26 and its 200-day moving average price is $42.53. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17.

Campbell Soup (NYSE:CPB) last announced 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. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business 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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Wednesday, April 3rd. Campbell Soup’s dividend payout ratio is currently 57.81%.

Analyst Ratings Changes

A number of research firms have commented on CPB. Piper Sandler reissued a “neutral” rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Tuesday, March 26th. Evercore ISI began coverage on Campbell Soup in a research note on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. TheStreet raised Campbell Soup from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.38.

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.