Premier Path Wealth Partners LLC Grows Stock Holdings in Campbell Soup (NASDAQ:CPB)

Premier Path Wealth Partners LLC grew its holdings in Campbell Soup (NASDAQ:CPB) by 3.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,079 shares of the company’s stock after buying an additional 983 shares during the period. Premier Path Wealth Partners LLC’s holdings in Campbell Soup were worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. nVerses Capital LLC bought a new stake in Campbell Soup during the third quarter worth approximately $34,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Campbell Soup during the 2nd quarter valued at approximately $32,000. Ashton Thomas Securities LLC purchased a new stake in Campbell Soup during the 3rd quarter valued at $39,000. Friedenthal Financial bought a new stake in Campbell Soup in the third quarter worth $48,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Campbell Soup by 463.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,747 shares of the company’s stock worth $82,000 after buying an additional 1,437 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Stock Down 0.7 %

Campbell Soup stock opened at $38.98 on Friday. The business has a fifty day moving average of $42.53 and a two-hundred day moving average of $46.25. Campbell Soup has a twelve month low of $37.61 and a twelve month high of $52.81. 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 firm has a market cap of $11.62 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.60 and a beta of 0.19.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be paid a $0.39 dividend. The ex-dividend date is Thursday, January 2nd. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 4.00%. Campbell Soup’s dividend payout ratio (DPR) is 85.25%.

Analyst Upgrades and Downgrades

CPB has been the topic of several recent analyst reports. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Friday, September 20th. Sanford C. Bernstein raised Campbell Soup from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Wells Fargo & Company decreased their target price on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Finally, Barclays decreased their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.75.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.19% of the stock is currently owned by insiders.

Campbell Soup Company 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.