Sicart Associates LLC Has $2.71 Million Stock Holdings in Campbell Soup (NASDAQ:CPB)

Sicart Associates LLC lessened its holdings in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,640 shares of the company's stock after selling 10,070 shares during the quarter. Sicart Associates LLC's holdings in Campbell Soup were worth $2,707,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock worth $91,623,000 after acquiring an additional 1,792,005 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Campbell Soup by 88.2% during the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company's stock valued at $58,342,000 after purchasing an additional 558,944 shares during the period. Armistice Capital LLC lifted its position in shares of Campbell Soup by 94.0% during the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company's stock worth $48,259,000 after purchasing an additional 517,550 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Campbell Soup by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company's stock valued at $129,971,000 after purchasing an additional 363,736 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company's stock valued at $256,827,000 after purchasing an additional 322,951 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell Soup Stock Performance

Shares of Campbell Soup stock traded down $0.28 on Friday, reaching $38.98. 2,243,634 shares of the company were exchanged, compared to its average volume of 2,744,176. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.60 and a beta of 0.19. Campbell Soup has a 1-year low of $37.61 and a 1-year 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 company's 50-day moving average is $42.66 and its two-hundred day moving average is $46.30.

Campbell Soup Increases Dividend

The firm 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. This is an increase from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Thursday, January 2nd. Campbell Soup's payout ratio is presently 85.25%.

Analysts Set New Price Targets

CPB has been the subject of a number of analyst reports. Argus raised shares of Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price objective for the company in a research report on Friday, September 20th. Piper Sandler upgraded Campbell Soup from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. Sanford C. Bernstein raised Campbell Soup from a "market perform" rating to an "outperform" rating and upped their target price for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Barclays decreased their price target on shares of Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a research report on Friday, December 6th. Finally, Stifel Nicolaus cut their price target on shares of Campbell Soup from $50.00 to $47.00 and set a "hold" rating on the stock in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $50.75.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm'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 transaction, the executive vice president now directly owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 20.19% of the company's stock.

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.