B. Riley Wealth Advisors Inc. Invests $1.05 Million in Campbell Soup (NYSE:CPB)

B. Riley Wealth Advisors Inc. bought a new position in shares of Campbell Soup (NYSE:CPB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,165 shares of the company’s stock, valued at approximately $1,045,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp grew its stake in shares of Campbell Soup by 0.4% during the third quarter. Stifel Financial Corp now owns 63,321 shares of the company’s stock worth $2,601,000 after purchasing an additional 261 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Campbell Soup by 4.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock valued at $303,000 after buying an additional 286 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Campbell Soup by 0.7% in the fourth quarter. Arizona State Retirement System now owns 53,226 shares of the company’s stock valued at $2,301,000 after buying an additional 364 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Campbell Soup by 6.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,196 shares of the company’s stock valued at $268,000 after buying an additional 384 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Campbell Soup by 165.7% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after buying an additional 406 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CPB. Citigroup upped their target price on shares of Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. upped their target price on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. Wells Fargo & Company increased their price target on shares of Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday, June 7th. Finally, DA Davidson increased their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.31.

Campbell Soup Stock Down 0.5 %

CPB stock opened at $44.75 on Friday. The company’s 50 day simple moving average is $44.69 and its 200-day simple moving average is $43.78. The firm has a market capitalization of $13.36 billion, a PE ratio of 18.12, a P/E/G ratio of 2.86 and a beta of 0.19. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $46.97. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.62 and a quick ratio of 0.24.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.70 by $0.05. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 earnings per share. Equities analysts expect that Campbell Soup will post 3.08 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be given a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.31%. Campbell Soup’s dividend payout ratio is presently 59.92%.

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.