SPC Financial Inc. Buys 300 Shares of The Campbell Soup Company (NASDAQ:CPB)

SPC Financial Inc. boosted its holdings in The Campbell Soup Company (NASDAQ:CPB) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,575 shares of the company’s stock after purchasing an additional 300 shares during the quarter. SPC Financial Inc.’s holdings in Campbell Soup were worth $569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its stake in Campbell Soup by 3.1% in the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after purchasing an additional 298,203 shares during the period. Van ECK Associates Corp boosted its stake in Campbell Soup by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after purchasing an additional 531,281 shares during the period. Geode Capital Management LLC boosted its stake in Campbell Soup by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock worth $256,827,000 after purchasing an additional 322,951 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Campbell Soup by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company’s stock worth $177,487,000 after acquiring an additional 199,470 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after acquiring an additional 1,792,005 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction 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 transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.19% of the company’s stock.

Campbell Soup Stock Performance

CPB stock opened at $39.18 on Thursday. 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 business’s fifty day simple moving average is $39.48 and its two-hundred day simple moving average is $44.43. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. The company’s revenue was up 9.3% on a year-over-year basis. Analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm 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 $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 3.98%. Campbell Soup’s payout ratio is 85.25%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CPB shares. Piper Sandler raised 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 report on Thursday, November 14th. BNP Paribas raised Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Stifel Nicolaus decreased their price objective on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Jefferies Financial Group decreased their price objective on Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.38.

About Campbell Soup

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.