Monte Financial Group LLC Has $5.21 Million Stake in Campbell Soup (NASDAQ:CPB)

Monte Financial Group LLC boosted its stake in Campbell Soup (NASDAQ:CPB - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,507 shares of the company's stock after buying an additional 6,562 shares during the quarter. Campbell Soup makes up about 2.2% of Monte Financial Group LLC's investment portfolio, making the stock its 22nd largest position. Monte Financial Group LLC's holdings in Campbell Soup were worth $5,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of CPB. Point72 Asia Singapore Pte. Ltd. acquired a new position in Campbell Soup in the second quarter worth $32,000. nVerses Capital LLC acquired a new position in Campbell Soup in the third quarter worth $34,000. Ashton Thomas Securities LLC acquired a new position in Campbell Soup in the third quarter worth $39,000. Friedenthal Financial acquired a new position in Campbell Soup in the third quarter worth $48,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Campbell Soup by 463.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,747 shares of the company's stock worth $82,000 after purchasing an additional 1,437 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company's stock.

Insider Transactions at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This trade 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. 20.19% of the stock is owned by corporate insiders.

Campbell Soup Stock Up 1.0 %

NASDAQ CPB traded up $0.39 during trading hours on Friday, hitting $38.98. 2,827,756 shares of the company traded hands, compared to its average volume of 2,080,994. The business's 50-day moving average is $41.99 and its 200-day moving average is $46.03. Campbell Soup has a twelve month low of $37.61 and a twelve month high of $52.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.64 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. Sell-side analysts anticipate 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. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.00%. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. Campbell Soup's dividend payout ratio (DPR) is 85.25%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CPB shares. Piper Sandler upgraded Campbell Soup from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Barclays dropped their target price on Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a research report on Friday, December 6th. Citigroup dropped their target price on Campbell Soup from $44.00 to $41.00 and set a "sell" rating for the company in a research report on Thursday, December 5th. Stephens restated an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company dropped their price objective on Campbell Soup from $45.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $50.17.

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.