Inceptionr LLC Buys New Shares in The Campbell Soup Company (NASDAQ:CPB)

Inceptionr LLC acquired a new stake in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,032 shares of the company's stock, valued at approximately $881,000.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its position in shares of Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock valued at $91,623,000 after acquiring an additional 1,792,005 shares during the period. Raymond James Trust N.A. boosted its holdings in Campbell Soup by 43.8% in the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company's stock worth $451,000 after buying an additional 2,809 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Campbell Soup by 161.8% in the 4th quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company's stock worth $7,801,000 after buying an additional 115,122 shares during the last quarter. ING Groep NV acquired a new stake in Campbell Soup in the 4th quarter worth about $1,062,000. Finally, Hussman Strategic Advisors Inc. boosted its holdings in Campbell Soup by 133.3% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock worth $6,156,000 after buying an additional 84,000 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Insiders Place Their Bets

In other 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 value of $83,800.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 20.19% of the stock is currently owned by company insiders.

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Campbell Soup Trading Up 5.1 %

Shares of NASDAQ CPB traded up $2.02 during trading on Friday, hitting $41.81. 6,629,049 shares of the company traded hands, compared to its average volume of 2,566,800. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The company has a 50-day moving average price of $39.39 and a 200-day moving average price of $44.31. The firm has a market capitalization of $12.47 billion, a P/E ratio of 22.85, a P/E/G ratio of 2.71 and a beta of 0.15. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business's revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 3.73%. Campbell Soup's dividend payout ratio is currently 90.17%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CPB shares. Jefferies Financial Group lowered their price objective on Campbell Soup from $42.00 to $40.00 and set a "hold" rating on the stock in a report on Wednesday. Bank of America decreased their target price on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a research note on Thursday. Piper Sandler raised shares of Campbell Soup from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Citigroup decreased their target price on shares of Campbell Soup from $39.00 to $37.00 and set a "sell" rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered shares of Campbell Soup from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $48.00 to $37.00 in a research note on Thursday. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $46.36.

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.