Janney Montgomery Scott LLC Purchases 486 Shares of The Campbell Soup Company (NASDAQ:CPB)

Janney Montgomery Scott LLC lifted its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,315 shares of the company’s stock after acquiring an additional 486 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Campbell Soup were worth $641,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brown Lisle Cummings Inc. increased its holdings in Campbell Soup by 1.3% during the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock worth $986,000 after buying an additional 254 shares during the last quarter. Ballentine Partners LLC lifted 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 during the last quarter. V Square Quantitative Management LLC increased its position in Campbell Soup by 4.0% in 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 raised its stake in shares of 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 buying an additional 290 shares during the period. Finally, HB Wealth Management LLC lifted its position in shares of Campbell Soup by 4.3% during the 4th quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock valued at $323,000 after buying an additional 319 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 20.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Stifel Nicolaus cut their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a report on Friday, January 24th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Barclays cut 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. Finally, DA Davidson reissued a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.17.

Campbell Soup Price Performance

Shares of NASDAQ:CPB opened at $37.53 on Friday. The Campbell Soup Company has a one year low of $37.01 and a one year high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 2.67 and a beta of 0.19. The company’s fifty day moving average price is $40.82 and its 200-day moving average price is $45.56.

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, beating analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. On average, equities research analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a dividend of $0.39 per share. The ex-dividend date of this dividend 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 4.16%. Campbell Soup’s dividend payout ratio is currently 85.25%.

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.