The Campbell Soup Company (NASDAQ:CPB) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 41.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,232 shares of the company’s stock after purchasing an additional 1,821 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Campbell Soup were worth $261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CPB. nVerses Capital LLC acquired a new stake in Campbell Soup in the third quarter valued at approximately $34,000. Ashton Thomas Securities LLC acquired a new stake in Campbell Soup during the 3rd quarter valued at $39,000. Friedenthal Financial acquired a new stake in Campbell Soup during the 3rd quarter valued at $48,000. Spire Wealth Management increased its stake in Campbell Soup by 29.6% during the 4th quarter. Spire Wealth Management now owns 1,406 shares of the company’s stock worth $59,000 after buying an additional 321 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in Campbell Soup in the 4th quarter worth $67,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of NASDAQ:CPB opened at $37.95 on Wednesday. The company has a market cap of $11.31 billion, a PE ratio of 20.74, a P/E/G ratio of 2.59 and a beta of 0.19. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. The firm has a 50-day simple moving average of $40.31 and a 200 day simple moving average of $45.36. 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 (NASDAQ:CPB) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, topping 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, sell-side analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.39 per share. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 4.11%. Campbell Soup’s payout ratio is 85.25%.

Analysts Set New Price Targets

CPB has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. Stifel Nicolaus cut their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and increased their target price for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. Barclays dropped their price target on shares of 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, Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.17.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,000 shares of the business’s 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 completion of the transaction, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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.