The Campbell Soup Company (NASDAQ:CPB) Stock Position Lowered by Camelot Portfolios LLC

Camelot Portfolios LLC decreased its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,500 shares of the company’s stock after selling 2,000 shares during the period. Camelot Portfolios LLC’s holdings in Campbell Soup were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Raymond James & Associates grew its holdings in shares of Campbell Soup by 4.3% in the 3rd quarter. Raymond James & Associates now owns 487,936 shares of the company’s stock worth $23,870,000 after acquiring an additional 19,934 shares during the last quarter. Signaturefd LLC increased its stake in Campbell Soup by 19.6% in the 3rd quarter. Signaturefd LLC now owns 16,599 shares of the company’s stock worth $812,000 after purchasing an additional 2,719 shares in the last quarter. Eastern Bank acquired a new stake in Campbell Soup during the 3rd quarter worth about $98,000. International Assets Investment Management LLC lifted its stake in Campbell Soup by 145.1% during the third quarter. International Assets Investment Management LLC now owns 51,600 shares of the company’s stock valued at $25,240,000 after buying an additional 30,549 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Campbell Soup by 11.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 26,201 shares of the company’s stock worth $1,282,000 after buying an additional 2,660 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction 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 owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 20.19% of the stock is owned by insiders.

Campbell Soup Stock Up 3.2 %

CPB opened at $40.59 on Friday. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month 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 business has a 50 day moving average price of $39.65 and a 200 day moving average price of $44.90. The firm has a market cap of $12.10 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 2.66 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data 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 net margin of 5.57% and a return on equity of 23.79%. Research analysts forecast that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change 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 3.84%. Campbell Soup’s payout ratio is presently 85.25%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citigroup decreased their target price on Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Stifel Nicolaus lowered their price objective on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $51.00 target price on shares of Campbell Soup in a research note on Monday, December 2nd. Piper Sandler upgraded 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 report on Thursday, November 14th. Finally, Wells Fargo & Company reduced their price objective on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.