Mather Group LLC. Buys 550 Shares of The Campbell Soup Company (NASDAQ:CPB)

Mather Group LLC. increased its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,370 shares of the company’s stock after acquiring an additional 550 shares during the quarter. Mather Group LLC.’s holdings in Campbell Soup were worth $267,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. nVerses Capital LLC bought a new position in Campbell Soup in the third quarter valued at approximately $34,000. Ashton Thomas Securities LLC acquired a new stake in shares of Campbell Soup in the 3rd quarter valued at $39,000. Friedenthal Financial bought a new position in shares of Campbell Soup in the 3rd quarter valued at $48,000. Spire Wealth Management raised its holdings in shares of Campbell Soup by 29.6% during the 4th quarter. Spire Wealth Management now owns 1,406 shares of the company’s stock worth $59,000 after buying an additional 321 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Campbell Soup by 45.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company’s stock worth $87,000 after buying an additional 552 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value 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 trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.19% of the stock is owned by insiders.

Campbell Soup Stock Performance

Shares of CPB opened at $37.48 on Friday. The firm’s fifty day simple moving average is $40.99 and its two-hundred day simple moving average is $45.61. The Campbell Soup Company has a 12 month low of $37.01 and a 12 month high of $52.81. 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 stock has a market capitalization of $11.17 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.67 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. As a group, analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Thursday, January 2nd. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is presently 85.25%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CPB. Stifel Nicolaus decreased their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $47.00 to $56.00 in a report on Thursday, November 14th. DA Davidson reissued a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a research note on Wednesday, December 4th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Finally, Barclays dropped their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Two 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.