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

Monte Financial Group LLC grew its holdings in shares of Campbell Soup (NASDAQ:CPB) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,507 shares of the company’s stock after acquiring an additional 6,562 shares during the quarter. Campbell Soup accounts for approximately 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 SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CPB. Point72 Asia Singapore Pte. Ltd. acquired a new position in Campbell Soup in the 2nd quarter worth about $32,000. nVerses Capital LLC acquired a new position in shares of Campbell Soup in the third quarter valued at approximately $34,000. Ashton Thomas Securities LLC bought a new position in Campbell Soup in the 3rd quarter valued at approximately $39,000. Friedenthal Financial acquired a new stake in Campbell Soup during the 3rd quarter worth approximately $48,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Campbell Soup by 463.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,747 shares of the company’s stock worth $82,000 after acquiring an additional 1,437 shares during the last quarter. Institutional investors 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 firm’s 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. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 20.19% of the company’s stock.

Campbell Soup Stock Performance

CPB opened at $38.98 on Friday. Campbell Soup has a 1-year low of $37.61 and a 1-year high of $52.81. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.64 and a beta of 0.19. The company’s fifty day moving average price is $41.99 and its two-hundred day moving average price is $46.03. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. On average, analysts expect that Campbell Soup will post 3.15 EPS for the current fiscal year.

Campbell Soup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.00%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, January 2nd. Campbell Soup’s payout ratio is currently 85.25%.

Analysts Set New Price Targets

CPB has been the topic of a number of recent research reports. Barclays cut their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Stifel Nicolaus reduced their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday. Stephens reissued an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $51.00 price objective on shares of Campbell Soup in a research note on Monday, December 2nd. Finally, Wells Fargo & Company lowered their price target on shares of 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Campbell Soup has a consensus 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.