Venturi Wealth Management LLC Has $155,000 Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

Venturi Wealth Management LLC raised its stake in The Campbell Soup Company (NASDAQ:CPB) by 3,172.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,698 shares of the company’s stock after purchasing an additional 3,585 shares during the quarter. Venturi Wealth Management LLC’s holdings in Campbell Soup were worth $155,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Ballentine Partners LLC grew its stake in Campbell Soup by 2.8% in the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock valued at $404,000 after purchasing an additional 262 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Campbell Soup by 7.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock valued at $207,000 after purchasing an additional 290 shares in the last quarter. Principal Securities Inc. grew its stake in Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares in the last quarter. HB Wealth Management LLC grew its stake in Campbell Soup by 4.3% in the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock valued at $323,000 after purchasing an additional 319 shares in the last quarter. Finally, Spire Wealth Management grew its stake in Campbell Soup by 29.6% in the fourth quarter. Spire Wealth Management now owns 1,406 shares of the company’s stock valued at $59,000 after purchasing an additional 321 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Stock Performance

NASDAQ:CPB opened at $40.59 on Friday. The stock has a market cap of $12.10 billion, a P/E ratio of 22.18, a PEG ratio of 2.71 and a beta of 0.19. The stock has a 50 day simple moving average of $39.65 and a 200 day simple moving average of $44.87. 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 Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results 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 return on equity of 23.79% and a net margin of 5.57%. Research analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were issued a $0.39 dividend. The ex-dividend date was Thursday, January 2nd. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.84%. Campbell Soup’s payout ratio is currently 85.25%.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction 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 transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Citigroup decreased their price target on Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Barclays reduced their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Royal Bank of Canada reiterated 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 lifted their target price for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Finally, Stifel Nicolaus reduced their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Campbell Soup presently has a consensus 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.