Mather Group LLC. Has $267,000 Stake in The Campbell Soup Company (NASDAQ:CPB)

Mather Group LLC. raised its stake in The Campbell Soup Company (NASDAQ:CPB) by 9.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,370 shares of the company’s stock after buying an additional 550 shares during the quarter. Mather Group LLC.’s holdings in Campbell Soup were worth $267,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Brown Lisle Cummings Inc. lifted its holdings in Campbell Soup by 1.3% during the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock worth $986,000 after acquiring an additional 254 shares during the period. Ballentine Partners LLC raised its stake in shares of Campbell Soup by 2.8% in the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock valued at $404,000 after buying an additional 262 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Campbell Soup by 4.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock valued at $369,000 after buying an additional 287 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Campbell Soup by 7.4% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock worth $207,000 after acquiring an additional 290 shares during the period. Finally, HB Wealth Management LLC increased its holdings in Campbell Soup by 4.3% in the 4th quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock worth $323,000 after acquiring an additional 319 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Insider Transactions at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm’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 completion of the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 20.19% of the stock is currently owned by company insiders.

Campbell Soup Trading Up 0.5 %

Shares of CPB opened at $37.48 on Friday. The Campbell Soup Company has a fifty-two week low of $37.01 and a fifty-two week high of $52.81. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.67 and a beta of 0.19. The firm has a 50 day moving average price of $40.99 and a 200-day moving average price of $45.61. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. As a group, equities research analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current 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 paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.16%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date was Thursday, January 2nd. Campbell Soup’s dividend payout ratio is 85.25%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CPB shares. Wells Fargo & Company cut their target price on shares of 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. DA Davidson reaffirmed a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a report on Wednesday, December 4th. 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 note on Thursday, November 14th. Stifel Nicolaus dropped their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, Citigroup reduced their price target on Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and an average 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.