The Campbell Soup Company (NASDAQ:CPB) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 635.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,539 shares of the company’s stock after acquiring an additional 3,058 shares during the period. EverSource Wealth Advisors LLC’s holdings in Campbell Soup were worth $148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. increased its holdings in Campbell Soup by 170.7% during the 3rd quarter. Assetmark Inc. now owns 1,819 shares of the company’s stock worth $89,000 after purchasing an additional 1,147 shares during the last quarter. Atria Investments Inc grew its position in shares of Campbell Soup by 10.7% during the third quarter. Atria Investments Inc now owns 5,600 shares of the company’s stock worth $274,000 after buying an additional 541 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Campbell Soup in the third quarter worth $315,000. Huntington National Bank raised its holdings in Campbell Soup by 35.3% in the third quarter. Huntington National Bank now owns 2,090 shares of the company’s stock valued at $102,000 after acquiring an additional 545 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Campbell Soup by 6.7% during the 3rd quarter. CIBC Asset Management Inc now owns 36,487 shares of the company’s stock valued at $1,785,000 after acquiring an additional 2,277 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Stock Performance

CPB opened at $39.01 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The business’s 50 day moving average is $39.16 and its 200-day moving average is $43.84. The stock has a market cap of $11.63 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. The company’s revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 4.00%. Campbell Soup’s payout ratio is 90.17%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CPB. BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. Bank of America cut their price objective on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a research note on Thursday, March 6th. Consumer Edge reiterated an “equal weight” rating on shares of Campbell Soup in a research report on Monday. JPMorgan Chase & Co. lowered Campbell Soup from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. Finally, Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.23.

Insiders Place Their Bets

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm’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 transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.19% of the stock is owned by insiders.

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.