West Family Investments Inc. Has $252,000 Stock Position in The Campbell Soup Company (NASDAQ:CPB)

West Family Investments Inc. lowered its position in The Campbell Soup Company (NASDAQ:CPB) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,022 shares of the company’s stock after selling 651 shares during the quarter. West Family Investments Inc.’s holdings in Campbell Soup were worth $252,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sherman Asset Management Inc. acquired a new stake in shares of Campbell Soup during the 4th quarter valued at about $36,000. Ashton Thomas Securities LLC acquired a new stake in Campbell Soup in the third quarter valued at approximately $39,000. Principal Securities Inc. grew its position in Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after acquiring an additional 290 shares in the last quarter. Kentucky Trust Co acquired a new position in shares of Campbell Soup during the 4th quarter worth $42,000. Finally, Quent Capital LLC increased its stake in shares of Campbell Soup by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after purchasing an additional 481 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CPB shares. JPMorgan Chase & Co. cut shares of Campbell Soup from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $48.00 to $37.00 in a report on Thursday. Jefferies Financial Group lowered 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. Royal Bank of Canada decreased their target price on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Finally, BNP Paribas upgraded Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.36.

Insiders Place Their Bets

In related news, EVP Anthony Sanzio sold 2,000 shares of the business’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 value 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 20.19% of the company’s stock.

Campbell Soup Trading Up 5.1 %

Shares of CPB opened at $41.81 on Friday. The stock has a 50 day simple moving average of $39.39 and a 200-day simple moving average of $44.36. 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 stock has a market cap of $12.46 billion, a PE ratio of 22.85, a PEG ratio of 2.71 and a beta of 0.19. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81.

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

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 3.73%. Campbell Soup’s dividend payout ratio (DPR) is 85.25%.

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.