Public Employees Retirement System of Ohio Decreases Holdings in Campbell Soup (NASDAQ:CPB)

Public Employees Retirement System of Ohio trimmed its stake in Campbell Soup (NASDAQ:CPB) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,733 shares of the company’s stock after selling 3,474 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Campbell Soup were worth $3,411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. LSV Asset Management raised its position in shares of Campbell Soup by 5,022.5% in the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after purchasing an additional 2,390,700 shares during the period. Wulff Hansen & CO. grew its position in shares of Campbell Soup by 4,419.0% in the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock valued at $33,103,000 after purchasing an additional 716,320 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Campbell Soup by 88.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after purchasing an additional 558,944 shares in the last quarter. Armistice Capital LLC boosted its stake in Campbell Soup by 94.0% in the 2nd quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock worth $48,259,000 after purchasing an additional 517,550 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after buying an additional 363,736 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Down 1.0 %

NASDAQ CPB opened at $42.56 on Tuesday. The stock has a 50-day moving average of $45.65 and a 200-day moving average of $46.89. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. Campbell Soup has a 1-year low of $40.26 and a 1-year high of $52.81. The firm has a market cap of $12.69 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 2.96 and a beta of 0.18.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Thursday, January 2nd. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is 85.25%.

Analysts Set New Price Targets

CPB has been the subject of a number of recent analyst reports. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Friday, September 20th. DA Davidson reaffirmed a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Finally, StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $50.92.

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.