The Campbell Soup Company (NASDAQ:CPB) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 9.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,574 shares of the company’s stock after acquiring an additional 561 shares during the period. Kingsview Wealth Management LLC’s holdings in Campbell Soup were worth $275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brown Lisle Cummings Inc. increased its stake in shares of Campbell Soup by 1.3% in the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock worth $986,000 after acquiring an additional 254 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Campbell Soup by 2.8% in the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock worth $404,000 after acquiring an additional 262 shares during the last quarter. V Square Quantitative Management LLC increased its position in Campbell Soup by 4.0% during the third quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock worth $369,000 after buying an additional 287 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in Campbell Soup by 7.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock worth $207,000 after buying an additional 290 shares during the last quarter. Finally, HB Wealth Management LLC increased its position in Campbell Soup by 4.3% during the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock worth $323,000 after buying an additional 319 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CPB. Royal Bank of Canada reissued a “sector perform” rating and set a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Stifel Nicolaus lowered their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Stephens reissued an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company lowered their price target on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.17.

Campbell Soup Stock Down 0.0 %

NASDAQ CPB opened at $38.60 on Friday. 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 firm has a 50-day simple moving average of $40.06 and a 200 day simple moving average of $45.21. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The stock has a market cap of $11.51 billion, a PE ratio of 21.09, a PEG ratio of 2.59 and a beta of 0.19.

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

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.39 per share. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 4.04%. Campbell Soup’s dividend payout ratio (DPR) is currently 85.25%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 20.19% of the company’s stock.

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.