Cowa LLC Boosts Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

Cowa LLC grew its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 87.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,635 shares of the company’s stock after acquiring an additional 4,961 shares during the quarter. Cowa LLC’s holdings in Campbell Soup were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of Campbell Soup in the 3rd quarter worth about $39,000. Principal Securities Inc. raised its stake in Campbell Soup by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after acquiring an additional 290 shares during the period. Kentucky Trust Co bought a new stake in Campbell Soup in the 4th quarter valued at about $42,000. Quent Capital LLC raised its stake in Campbell Soup by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in Campbell Soup in the 4th quarter valued at about $47,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $51.00 price objective on shares of Campbell Soup in a research note on Monday, December 2nd. Stephens restated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. DA Davidson reiterated a “neutral” rating and set a $51.00 price target on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price target for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.17.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.19% of the stock is owned by insiders.

Campbell Soup Stock Up 3.2 %

CPB stock opened at $40.59 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The company’s 50 day moving average is $39.65 and its 200 day moving average is $44.90. The stock has a market cap of $12.10 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 2.66 and a beta of 0.19. The Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, topping 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%. Sell-side analysts predict that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Increases Dividend

The company 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. The ex-dividend date was Thursday, January 2nd. This represents a $1.56 annualized dividend and a 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 is currently 85.25%.

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.