HB Wealth Management LLC Grows Stake in Campbell Soup (NASDAQ:CPB)

HB Wealth Management LLC grew its position in Campbell Soup (NASDAQ:CPB) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,718 shares of the company’s stock after acquiring an additional 319 shares during the quarter. HB Wealth Management LLC’s holdings in Campbell Soup were worth $323,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State Street Corp increased its stake in shares of Campbell Soup by 3.1% in the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after acquiring an additional 298,203 shares during the last quarter. Geode Capital Management LLC increased its holdings in Campbell Soup by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after purchasing an additional 322,951 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after acquiring an additional 1,792,005 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Campbell Soup by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company’s stock worth $86,375,000 after buying an additional 12,822 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Campbell Soup by 88.2% in the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock valued at $58,342,000 after purchasing an additional 558,944 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Up 0.8 %

Shares of NASDAQ CPB opened at $38.59 on Friday. The firm’s 50 day moving average price is $42.19 and its 200 day moving average price is $46.13. Campbell Soup has a 1 year low of $37.61 and a 1 year high of $52.81. The firm has a market cap of $11.50 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.69 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell Soup (NASDAQ:CPB) last issued its 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%. As a group, sell-side analysts anticipate that Campbell Soup will post 3.15 earnings per share for the current year.

Campbell Soup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.04%. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio (DPR) is 85.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CPB shares. DA Davidson reaffirmed a “neutral” rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Wednesday, December 4th. Wells Fargo & Company reduced their price objective 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. Sanford C. Bernstein raised Campbell Soup from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $55.00 to $58.00 in a research report on Monday, October 7th. Citigroup reduced their price objective on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Finally, Stifel Nicolaus decreased their price objective on shares of Campbell Soup from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $50.75.

Insider Activity at Campbell Soup

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

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.