11,619 Shares in The Campbell Soup Company (NASDAQ:CPB) Purchased by Advisor OS LLC

Advisor OS LLC purchased a new stake in shares of The Campbell Soup Company (NASDAQ:CPB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,619 shares of the company’s stock, valued at approximately $487,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPB. State Street Corp grew its stake in shares of Campbell Soup by 3.1% during the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock valued at $491,581,000 after buying an additional 298,203 shares during the last quarter. Van ECK Associates Corp grew its position in Campbell Soup by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock valued at $387,273,000 after acquiring an additional 531,281 shares during the last quarter. Geode Capital Management LLC grew its position in Campbell Soup by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after acquiring an additional 322,951 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Campbell Soup by 4.9% during the fourth quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company’s stock worth $177,487,000 after purchasing an additional 199,470 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Campbell Soup by 1,593.8% during the third 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 during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Price Performance

Shares of CPB stock opened at $40.04 on Thursday. The company has a market cap of $11.94 billion, a P/E ratio of 21.88, a PEG ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock’s 50-day moving average is $39.57 and its 200 day moving average is $44.70. 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 issued its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) 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 predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.90%. Campbell Soup’s dividend payout ratio is presently 85.25%.

Insider Buying and Selling

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

CPB has been the topic of several recent analyst reports. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Barclays reduced their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Citigroup lowered their price target on Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $51.00 target price on shares of Campbell Soup in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.17.

About Campbell Soup

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.