Stephens Inc. AR Buys 36,115 Shares of The Campbell Soup Company (NASDAQ:CPB)

Stephens Inc. AR boosted its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 70.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,348 shares of the company’s stock after acquiring an additional 36,115 shares during the period. Stephens Inc. AR’s holdings in Campbell Soup were worth $3,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC increased its position in shares of Campbell Soup by 62.0% in the third quarter. Exchange Traded Concepts LLC now owns 24,587 shares of the company’s stock worth $1,203,000 after purchasing an additional 9,409 shares during the period. Swedbank AB increased its holdings in Campbell Soup by 49.3% in the 3rd quarter. Swedbank AB now owns 350,764 shares of the company’s stock valued at $17,159,000 after buying an additional 115,794 shares during the period. MN Wealth Advisors LLC acquired a new position in shares of Campbell Soup in the 3rd quarter valued at approximately $940,000. nVerses Capital LLC bought a new stake in shares of Campbell Soup during the 3rd quarter worth approximately $34,000. Finally, Bleakley Financial Group LLC boosted its position in shares of Campbell Soup by 38.7% during the 3rd quarter. Bleakley Financial Group LLC now owns 6,582 shares of the company’s stock worth $322,000 after acquiring an additional 1,835 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Campbell Soup

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 value of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.19% of the stock is currently owned by company insiders.

Campbell Soup Trading Down 0.4 %

Shares of NASDAQ CPB opened at $37.39 on Tuesday. The stock has a market cap of $11.15 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 2.59 and a beta of 0.19. The firm has a 50 day moving average price of $40.47 and a two-hundred day moving average price of $45.43. 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 Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (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, equities analysts forecast that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were paid a $0.39 dividend. 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 4.17%. The ex-dividend date of this dividend was Thursday, January 2nd. Campbell Soup’s payout ratio is currently 85.25%.

Analysts Set New Price Targets

CPB has been the subject of several research analyst reports. DA Davidson restated a “neutral” rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Wednesday, December 4th. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Stifel Nicolaus reduced their price objective on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company lowered their target price on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Barclays reduced their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $50.17.

Campbell Soup 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.