Moors & Cabot Inc. Grows Holdings in Campbell Soup (NYSE:CPB)

Moors & Cabot Inc. increased its position in Campbell Soup (NYSE:CPBFree Report) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,210 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Moors & Cabot Inc.’s holdings in Campbell Soup were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its holdings in Campbell Soup by 29.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,150 shares of the company’s stock worth $1,299,000 after acquiring an additional 6,692 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Campbell Soup by 60.0% in the first quarter. HighTower Advisors LLC now owns 20,855 shares of the company’s stock worth $932,000 after purchasing an additional 7,819 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Campbell Soup by 31.3% during the first quarter. Cetera Advisor Networks LLC now owns 11,020 shares of the company’s stock valued at $491,000 after purchasing an additional 2,628 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Campbell Soup by 22.7% during the first quarter. MetLife Investment Management LLC now owns 54,864 shares of the company’s stock valued at $2,445,000 after buying an additional 10,144 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Campbell Soup by 6.8% in the 1st quarter. Rhumbline Advisers now owns 319,394 shares of the company’s stock worth $14,235,000 after buying an additional 20,335 shares during the last quarter. 50.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on CPB shares. Stephens assumed coverage on Campbell Soup in a report on Friday, October 13th. They issued an “overweight” rating and a $50.00 target price on the stock. Piper Sandler increased their price objective on shares of Campbell Soup from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, December 7th. Citigroup began coverage on shares of Campbell Soup in a report on Thursday, February 1st. They issued a “sell” rating and a $41.00 price objective on the stock. TheStreet raised shares of Campbell Soup from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 price target on shares of Campbell Soup in a research report on Thursday, December 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.75.

View Our Latest Report on CPB

Insider Buying and Selling

In other Campbell Soup news, EVP Anthony Sanzio sold 3,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $44.31, for a total transaction of $132,930.00. Following the completion of the transaction, the executive vice president now owns 14,238 shares in the company, valued at $630,885.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.64% of the stock is currently owned by company insiders.

Campbell Soup Trading Down 2.5 %

Campbell Soup stock opened at $43.72 on Tuesday. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $56.04. The firm’s 50 day moving average price is $43.37 and its 200-day moving average price is $42.40. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.97 and a quick ratio of 0.39. The stock has a market cap of $13.09 billion, a P/E ratio of 16.50, a PEG ratio of 3.78 and a beta of 0.26.

Campbell Soup (NYSE:CPBGet Free Report) last issued its quarterly earnings data on Wednesday, December 6th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Campbell Soup had a return on equity of 23.71% and a net margin of 8.55%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 earnings per share. On average, equities analysts predict that Campbell Soup will post 3.08 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Thursday, January 4th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Wednesday, January 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 55.85%.

Campbell Soup Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Campbell Soup (NYSE:CPBFree Report).

Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.