Successful Portfolios LLC Sells 464 Shares of Campbell Soup (NASDAQ:CPB)

Successful Portfolios LLC decreased its holdings in shares of Campbell Soup (NASDAQ:CPB) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,827 shares of the company’s stock after selling 464 shares during the quarter. Successful Portfolios LLC’s holdings in Campbell Soup were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPB. American Century Companies Inc. grew its position in Campbell Soup by 10.8% in the 2nd quarter. American Century Companies Inc. now owns 29,434 shares of the company’s stock worth $1,330,000 after purchasing an additional 2,858 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Campbell Soup by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after buying an additional 363,736 shares in the last quarter. Amalgamated Bank increased its stake in Campbell Soup by 41.4% during the second quarter. Amalgamated Bank now owns 57,885 shares of the company’s stock valued at $2,616,000 after acquiring an additional 16,941 shares during the period. Blair William & Co. IL raised its holdings in Campbell Soup by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock valued at $1,982,000 after acquiring an additional 218 shares in the last quarter. Finally, AE Wealth Management LLC bought a new stake in shares of Campbell Soup in the 2nd quarter worth approximately $230,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Shares of NASDAQ:CPB opened at $38.98 on Monday. The business has a fifty day moving average of $42.53 and a 200-day moving average of $46.27. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a twelve month low of $37.61 and a twelve month high of $52.81. The firm has a market cap of $11.62 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 2.60 and a beta of 0.19.

Campbell Soup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.39 per share. 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. The ex-dividend date of this dividend is Thursday, January 2nd. Campbell Soup’s dividend payout ratio is presently 85.25%.

Insider Activity at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup 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 completion of the sale, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CPB has been the subject of a number of recent research reports. DA Davidson restated a “neutral” rating and issued a $51.00 target price on shares of Campbell Soup in a research note on Wednesday, December 4th. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $51.00 price target on shares of Campbell Soup in a research report on Monday, December 2nd. Finally, Stifel Nicolaus decreased their price objective on 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 assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.75.

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.