PFG Investments LLC Increases Stock Position in Campbell Soup (NASDAQ:CPB)

PFG Investments LLC raised its position in Campbell Soup (NASDAQ:CPB) by 49.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,962 shares of the company’s stock after purchasing an additional 2,299 shares during the period. PFG Investments LLC’s holdings in Campbell Soup were worth $292,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CPB. Brown Lisle Cummings Inc. increased its stake in shares of Campbell Soup by 1.3% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock valued at $986,000 after purchasing an additional 254 shares in the last quarter. Ballentine Partners LLC grew its holdings 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 period. Diversified Trust Co increased its position in shares of Campbell Soup by 0.3% in the third quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock valued at $4,297,000 after buying an additional 283 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Campbell Soup by 4.0% during the 3rd 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 period. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Campbell Soup by 7.4% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was 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 trade represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CPB. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Barclays decreased their price target on shares of 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 cut their price objective 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. Royal Bank of Canada restated a “sector perform” rating and issued a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. Finally, DA Davidson reiterated a “neutral” rating and set a $51.00 price target on shares of Campbell Soup in a research report on Wednesday, December 4th. Two equities research 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, the company currently has an average rating of “Hold” and an average price target of $50.17.

Campbell Soup Stock Down 2.1 %

Shares of CPB opened at $38.77 on Friday. The stock has a fifty day simple moving average of $41.50 and a two-hundred day simple moving average of $45.82. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $11.56 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 2.67 and a beta of 0.19. Campbell Soup has a 52-week low of $37.61 and a 52-week high of $52.81.

Campbell Soup (NASDAQ:CPB) last issued its earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. As a group, equities analysts forecast that Campbell Soup will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.02%. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, January 2nd. Campbell Soup’s dividend payout ratio is presently 85.25%.

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.