Hussman Strategic Advisors Inc. Has $6.16 Million Stake in The Campbell Soup Company (NASDAQ:CPB)

Hussman Strategic Advisors Inc. raised its holdings in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 133.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,000 shares of the company's stock after buying an additional 84,000 shares during the period. Campbell Soup comprises 1.8% of Hussman Strategic Advisors Inc.'s portfolio, making the stock its largest holding. Hussman Strategic Advisors Inc.'s holdings in Campbell Soup were worth $6,156,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock worth $91,623,000 after purchasing an additional 1,792,005 shares in the last quarter. Raymond James Trust N.A. lifted its stake 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 purchasing an additional 2,809 shares in the last quarter. FMR LLC boosted its holdings in shares of Campbell Soup by 34.2% during the 3rd quarter. FMR LLC now owns 165,494 shares of the company's stock valued at $8,096,000 after purchasing an additional 42,216 shares during the last quarter. Centiva Capital LP bought a new stake in Campbell Soup during the third quarter worth approximately $2,806,000. Finally, Smith Group Asset Management LLC purchased a new stake in Campbell Soup during the fourth quarter valued at approximately $293,000. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Trading Up 3.2 %

CPB stock traded up $1.25 during mid-day trading on Friday, reaching $40.59. The company had a trading volume of 3,964,660 shares, compared to its average volume of 2,874,093. The company has a market capitalization of $12.10 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.66 and a beta of 0.19. The firm has a 50 day moving average of $39.65 and a 200 day moving average of $44.90. The Campbell Soup Company has a 12 month low of $36.92 and a 12 month high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating 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 analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 3.84%. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. Campbell Soup's dividend payout ratio (DPR) is currently 85.25%.

Analyst Ratings Changes

Several research firms have recently weighed in on CPB. DA Davidson reissued a "neutral" rating and set a $51.00 target price on shares of Campbell Soup in a research report on Wednesday, December 4th. Stephens reiterated an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Citigroup lowered their target price on shares of Campbell Soup from $44.00 to $41.00 and set a "sell" rating for the company in a report on Thursday, December 5th. Royal Bank of Canada reiterated a "sector perform" rating and set a $51.00 price target on shares of Campbell Soup in a report on Monday, December 2nd. Finally, Piper Sandler raised shares of Campbell Soup from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $50.17.

Insider Activity 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 shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 20.19% of the stock is currently owned by corporate insiders.

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.