Smith Group Asset Management LLC bought a new position in Campbell Soup (NASDAQ:CPB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,000 shares of the company's stock, valued at approximately $293,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of CPB. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Campbell Soup in the second quarter valued at approximately $32,000. nVerses Capital LLC bought a new position in shares of Campbell Soup in the third quarter valued at approximately $34,000. Ashton Thomas Securities LLC bought a new position in shares of Campbell Soup in the third quarter valued at approximately $39,000. Friedenthal Financial bought a new position in shares of Campbell Soup in the third quarter valued at approximately $48,000. Finally, Farther Finance Advisors LLC boosted its holdings in Campbell Soup by 45.1% during the third quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company's stock worth $87,000 after buying an additional 552 shares in the last quarter. Institutional investors own 52.35% of the company's stock.
Campbell Soup Stock Performance
Shares of NASDAQ CPB traded up $0.48 during trading hours on Thursday, reaching $39.15. The stock had a trading volume of 411,287 shares, compared to its average volume of 2,693,196. The business's fifty day moving average is $41.73 and its two-hundred day moving average is $45.91. 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 company has a market cap of $11.67 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 2.64 and a beta of 0.19. Campbell Soup has a twelve month low of $37.61 and a twelve month high of $52.81.
Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, beating 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, research analysts expect that Campbell Soup will post 3.15 EPS for the current year.
Campbell Soup Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.39 per share. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Thursday, January 2nd. Campbell Soup's dividend payout ratio is currently 85.25%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on CPB. Sanford C. Bernstein upgraded shares of Campbell Soup from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $55.00 to $58.00 in a report on Monday, October 7th. Stephens restated an "overweight" rating on shares of Campbell Soup in a report on Wednesday, December 4th. Royal Bank of Canada restated a "sector perform" rating and set a $51.00 target price on shares of Campbell Soup in a report on Monday, December 2nd. Wells Fargo & Company reduced their target price on shares of Campbell Soup from $45.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Finally, DA Davidson restated a "neutral" rating and set a $51.00 target price on shares of Campbell Soup in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $50.17.
Get Our Latest Analysis on CPB
Insiders Place Their Bets
In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 20.19% of the company's stock.
About Campbell Soup
(
Free Report)
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.
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