Waldron Private Wealth LLC Purchases 3,640 Shares of Campbell Soup (NASDAQ:CPB)

Waldron Private Wealth LLC grew its holdings in Campbell Soup (NASDAQ:CPB) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 135,201 shares of the company’s stock after acquiring an additional 3,640 shares during the period. Waldron Private Wealth LLC’s holdings in Campbell Soup were worth $5,662,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CPB. State Street Corp boosted its stake in Campbell Soup by 3.1% during the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock valued at $491,581,000 after buying an additional 298,203 shares during the last quarter. Geode Capital Management LLC increased its position in Campbell Soup by 6.5% in the third 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 last quarter. Franklin Resources Inc. lifted its position in Campbell Soup by 1,593.8% during the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after purchasing an additional 1,792,005 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Campbell Soup by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company’s stock worth $86,375,000 after buying an additional 12,822 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Campbell Soup by 88.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after buying an additional 558,944 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Down 2.1 %

Shares of NASDAQ CPB opened at $38.77 on Friday. The business has a fifty day simple moving average of $41.50 and a two-hundred day simple moving average of $45.82. 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 $11.56 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 2.67 and a beta of 0.19. Campbell Soup has a twelve month low of $37.61 and a twelve month high of $52.81.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data 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%. Analysts expect that Campbell Soup will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a $0.39 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.02%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is presently 85.25%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CPB. Royal Bank of Canada reiterated a “sector perform” rating and issued a $51.00 price target on shares of Campbell Soup in a research report on Monday, December 2nd. Citigroup cut their target price on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Stifel Nicolaus lowered their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. DA Davidson reiterated a “neutral” rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and an average target price of $50.17.

Insider Buying and Selling

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 shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.19% of the stock is currently owned by company insiders.

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.