Rhumbline Advisers Acquires 8,257 Shares of The Campbell Soup Company (NASDAQ:CPB)

Rhumbline Advisers increased its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 420,470 shares of the company’s stock after acquiring an additional 8,257 shares during the period. Rhumbline Advisers owned about 0.14% of Campbell Soup worth $17,609,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CPB. Ashton Thomas Securities LLC bought a new position in shares of Campbell Soup in the third quarter valued at approximately $39,000. Kentucky Trust Co acquired a new position in Campbell Soup during the 4th quarter worth about $42,000. Quent Capital LLC increased its holdings in shares of Campbell Soup by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after purchasing an additional 481 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Campbell Soup during the fourth quarter worth $47,000. Finally, Spire Wealth Management boosted its holdings 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 acquiring an additional 321 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $40.59 on Friday. The stock’s 50-day moving average is $39.65 and its 200-day moving average is $44.90. The Campbell Soup Company has a one year low of $36.92 and a one year high of $52.81. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 2.66 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup (NASDAQ:CPB) last issued 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 net margin of 5.57% and a return on equity of 23.79%. Equities analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Increases Dividend

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

Insider Activity

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’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 transaction of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company lowered their price objective on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler raised shares of 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 report on Thursday, November 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. Stifel Nicolaus cut their price target 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. Finally, Stephens reissued an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Campbell Soup 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.