The Campbell Soup Company (NASDAQ:CPB) Shares Purchased by Allworth Financial LP

Allworth Financial LP increased its stake in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 1,498.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,186 shares of the company's stock after acquiring an additional 10,486 shares during the period. Allworth Financial LP's holdings in Campbell Soup were worth $428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Campbell Soup in the 3rd quarter valued at $39,000. Principal Securities Inc. lifted its holdings in Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after buying an additional 290 shares during the last quarter. Kentucky Trust Co acquired a new position in shares of Campbell Soup during the 4th quarter worth about $42,000. Quent Capital LLC increased its holdings in shares of Campbell Soup by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company's stock valued at $46,000 after acquiring an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Campbell Soup during the 4th quarter worth about $47,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the business's 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 sale, the executive vice president now owns 16,551 shares of the company's stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 20.19% of the company's stock.

Campbell Soup Stock Performance

NASDAQ:CPB traded up $1.25 during midday trading on Friday, reaching $40.59. The stock had a trading volume of 3,964,660 shares, compared to its average volume of 2,874,093. The stock has a market cap of $12.10 billion, a P/E ratio of 22.18, a P/E/G ratio of 2.66 and a beta of 0.19. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81. The firm has a fifty day simple moving average of $39.65 and a two-hundred day simple moving average of $44.90.

Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. On average, equities analysts expect that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were issued a $0.39 dividend. This is a boost from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Thursday, January 2nd. Campbell Soup's dividend payout ratio (DPR) is currently 85.25%.

Analysts Set New Price Targets

CPB has been the topic of a number of research analyst reports. Piper Sandler raised shares of Campbell Soup from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Royal Bank of Canada reissued a "sector perform" rating and issued a $51.00 price target on shares of Campbell Soup in a research report on Monday, December 2nd. Wells Fargo & Company cut their target price 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. Citigroup reduced their target price on Campbell Soup from $44.00 to $41.00 and set a "sell" rating for the company in a report on Thursday, December 5th. Finally, Barclays cut their price target on Campbell Soup from $49.00 to $46.00 and set an "underweight" rating on the stock in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $50.17.

About Campbell Soup

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.