Venturi Wealth Management LLC Has $155,000 Stock Position in The Campbell Soup Company (NASDAQ:CPB)

Venturi Wealth Management LLC lifted its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 3,172.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,698 shares of the company’s stock after buying an additional 3,585 shares during the period. Venturi Wealth Management LLC’s holdings in Campbell Soup were worth $155,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Truist Financial Corp raised its holdings in shares of Campbell Soup by 4.4% during the 4th quarter. Truist Financial Corp now owns 14,634 shares of the company’s stock worth $613,000 after buying an additional 615 shares in the last quarter. CIBC Asset Management Inc grew its position in Campbell Soup by 2.6% during the 4th quarter. CIBC Asset Management Inc now owns 37,426 shares of the company’s stock worth $1,567,000 after acquiring an additional 939 shares during the last quarter. Allworth Financial LP grew its position in Campbell Soup by 1,498.0% during the 4th quarter. Allworth Financial LP now owns 11,186 shares of the company’s stock worth $428,000 after acquiring an additional 10,486 shares during the last quarter. Principal Securities Inc. grew its position in Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after acquiring an additional 290 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Campbell Soup by 2.0% during the 4th quarter. Rhumbline Advisers now owns 420,470 shares of the company’s stock worth $17,609,000 after acquiring an additional 8,257 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price target for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Barclays reduced their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Stifel Nicolaus reduced their price target 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, Wells Fargo & Company reduced their price target on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup currently has an average rating of “Hold” and an average target price of $50.17.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of the company’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 transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.19% of the stock is owned by company insiders.

Campbell Soup Stock Up 3.2 %

Shares of Campbell Soup stock opened at $40.59 on Friday. The stock’s 50-day moving average is $39.65 and its 200 day moving average is $44.87. The Campbell Soup Company has a one year low of $36.92 and a one year high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.71 and a beta of 0.19.

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 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%. Equities research analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were paid a dividend of $0.39 per share. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Thursday, January 2nd. Campbell Soup’s dividend payout ratio 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.