Stonebridge Financial Group LLC Buys New Shares in The Campbell Soup Company (NASDAQ:CPB)

Stonebridge Financial Group LLC purchased a new stake in shares of The Campbell Soup Company (NASDAQ:CPB) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,116 shares of the company’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC boosted its position in shares of Campbell Soup by 62.0% in the third quarter. Exchange Traded Concepts LLC now owns 24,587 shares of the company’s stock worth $1,203,000 after purchasing an additional 9,409 shares during the period. Swedbank AB boosted its holdings in Campbell Soup by 49.3% in the 3rd quarter. Swedbank AB now owns 350,764 shares of the company’s stock worth $17,159,000 after buying an additional 115,794 shares during the period. nVerses Capital LLC bought a new position in Campbell Soup in the 3rd quarter worth $34,000. Bleakley Financial Group LLC increased its stake in Campbell Soup by 38.7% in the 3rd quarter. Bleakley Financial Group LLC now owns 6,582 shares of the company’s stock worth $322,000 after buying an additional 1,835 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in Campbell Soup by 4.0% during the third quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock valued at $369,000 after acquiring an additional 287 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Insider Activity

In other Campbell Soup 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 owns 16,551 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Insiders own 20.19% of the company’s stock.

Campbell Soup Stock Up 1.4 %

Shares of NASDAQ CPB opened at $38.61 on Friday. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 2.59 and a beta of 0.19. The Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81. 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 firm’s 50-day moving average price is $40.22 and its 200-day moving average price is $45.31.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.39 per share. This is a boost 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 dividend on an annualized basis and a yield of 4.04%. Campbell Soup’s payout ratio is 85.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup dropped 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 reaffirmed a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Barclays cut their target price 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 report on Wednesday, December 4th. Two 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.17.

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.