Galvin Gaustad & Stein LLC Buys Shares of 352,647 Campbell Soup (NASDAQ:CPB)

Galvin Gaustad & Stein LLC acquired a new position in shares of Campbell Soup (NASDAQ:CPB - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 352,647 shares of the company's stock, valued at approximately $14,769,000. Galvin Gaustad & Stein LLC owned approximately 0.12% of Campbell Soup as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Inspire Investing LLC increased its holdings in Campbell Soup by 5.7% in the 4th quarter. Inspire Investing LLC now owns 6,166 shares of the company's stock valued at $258,000 after purchasing an additional 335 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Campbell Soup by 3.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,315 shares of the company's stock worth $641,000 after purchasing an additional 486 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Campbell Soup by 17.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 34,247 shares of the company's stock worth $1,434,000 after acquiring an additional 5,123 shares during the period. Ballentine Partners LLC lifted its stake in Campbell Soup by 2.8% during the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock valued at $404,000 after purchasing an additional 262 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its stake in Campbell Soup by 14.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,285 shares of the company's stock worth $221,000 after purchasing an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell Soup Trading Up 0.8 %

NASDAQ CPB traded up $0.29 during trading on Thursday, hitting $38.59. The stock had a trading volume of 3,055,967 shares, compared to its average volume of 2,704,732. Campbell Soup has a one year low of $37.61 and a one year high of $52.81. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 2.69 and a beta of 0.19. The stock has a 50 day simple moving average of $42.19 and a 200 day simple moving average of $46.13. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

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 the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Sell-side analysts predict that Campbell Soup will post 3.15 earnings per share for the current year.

Campbell Soup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 4.04%. This is a boost from Campbell Soup's previous quarterly dividend of $0.37. Campbell Soup's dividend payout ratio (DPR) is presently 85.25%.

Insider Activity

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the transaction, the executive vice president now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.19% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. DA Davidson reissued a "neutral" rating and issued a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Citigroup lowered their target price on Campbell Soup from $44.00 to $41.00 and set a "sell" rating for the company in a research note on Thursday, December 5th. Stifel Nicolaus cut their price target on Campbell Soup from $50.00 to $47.00 and set a "hold" rating on the stock in a research note on Thursday, December 5th. Barclays dropped their price objective on Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a report on Friday, December 6th. Finally, Sanford C. Bernstein upgraded Campbell Soup from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $55.00 to $58.00 in a research report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $50.75.

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.