Hennion & Walsh Asset Management Inc. Has $1.22 Million Stock Holdings in Campbell Soup (NASDAQ:CPB)

Hennion & Walsh Asset Management Inc. increased its position in Campbell Soup (NASDAQ:CPB) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 29,087 shares of the company’s stock after buying an additional 2,886 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Campbell Soup were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in Campbell Soup by 10.8% during the second quarter. American Century Companies Inc. now owns 29,434 shares of the company’s stock worth $1,330,000 after acquiring an additional 2,858 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Campbell Soup by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after buying an additional 363,736 shares during the last quarter. Amalgamated Bank boosted its position in shares of Campbell Soup by 41.4% in the 2nd quarter. Amalgamated Bank now owns 57,885 shares of the company’s stock worth $2,616,000 after purchasing an additional 16,941 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Campbell Soup by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock valued at $1,982,000 after acquiring an additional 218 shares during the last quarter. Finally, AE Wealth Management LLC bought a new position in Campbell Soup during the second quarter worth about $230,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of Campbell Soup stock opened at $38.98 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. Campbell Soup has a 52 week low of $37.61 and a 52 week high of $52.81. The business has a 50 day moving average of $42.53 and a 200 day moving average of $46.26. The company has a market cap of $11.62 billion, a PE ratio of 21.30, a P/E/G ratio of 2.60 and a beta of 0.19.

Campbell Soup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is currently 85.25%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CPB. 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 report on Tuesday, January 7th. Barclays lowered their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Citigroup dropped their price target on Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Stifel Nicolaus reduced their target price on Campbell Soup from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 5th. Finally, Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and raised their target price for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $50.75.

Insider Activity

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 20.19% of the company’s stock.

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.