The Campbell Soup Company (NASDAQ:CPB) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 102.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,398 shares of the company's stock after acquiring an additional 23,510 shares during the quarter. State of Alaska Department of Revenue's holdings in Campbell Soup were worth $1,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Campbell Soup in the 3rd quarter worth approximately $34,000. Ashton Thomas Securities LLC bought a new position in shares of Campbell Soup during the 3rd quarter valued at approximately $39,000. Friedenthal Financial bought a new position in shares of Campbell Soup during the 3rd quarter valued at approximately $48,000. Spire Wealth Management boosted its position in shares of Campbell Soup by 29.6% during the 4th quarter. Spire Wealth Management now owns 1,406 shares of the company's stock valued at $59,000 after acquiring an additional 321 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Campbell Soup by 45.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company's stock valued at $87,000 after acquiring an additional 552 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CPB shares. Piper Sandler upgraded Campbell Soup from a "neutral" rating to an "overweight" rating and increased their target price for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Royal Bank of Canada reiterated a "sector perform" rating and set a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. Stephens reiterated an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Stifel Nicolaus lowered their target price on Campbell Soup from $47.00 to $40.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Finally, Barclays lowered their price target 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. 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $50.17.

Campbell Soup Trading Down 0.0 %

CPB stock traded down $0.01 during midday trading on Friday, reaching $38.60. The company's stock had a trading volume of 2,270,851 shares, compared to its average volume of 2,935,339. 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 fifty day simple moving average of $40.06 and a two-hundred day simple moving average of $45.19. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.59 and a beta of 0.19.

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

Campbell Soup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a $0.39 dividend. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. The ex-dividend date was Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 4.04%. Campbell Soup's dividend payout ratio (DPR) is presently 85.25%.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,000 shares of the firm's stock in a transaction 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 filing with the SEC, which is accessible through this link. Insiders own 20.19% of the company's stock.

Campbell Soup 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.