Janney Montgomery Scott LLC Buys 486 Shares of The Campbell Soup Company (NASDAQ:CPB)

Janney Montgomery Scott LLC raised its stake in The Campbell Soup Company (NASDAQ:CPB) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,315 shares of the company’s stock after buying an additional 486 shares during the period. Janney Montgomery Scott LLC’s holdings in Campbell Soup were worth $641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPB. Czech National Bank boosted its holdings in shares of Campbell Soup by 7.1% during the 3rd quarter. Czech National Bank now owns 40,140 shares of the company’s stock valued at $1,964,000 after acquiring an additional 2,648 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Campbell Soup by 246.8% during the third quarter. Mather Group LLC. now owns 5,820 shares of the company’s stock valued at $285,000 after purchasing an additional 4,142 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Campbell Soup by 62.0% during the third quarter. Exchange Traded Concepts LLC now owns 24,587 shares of the company’s stock worth $1,203,000 after purchasing an additional 9,409 shares during the last quarter. Swedbank AB increased its stake in shares of Campbell Soup by 49.3% in the third quarter. Swedbank AB now owns 350,764 shares of the company’s stock valued at $17,159,000 after buying an additional 115,794 shares during the period. Finally, MN Wealth Advisors LLC bought a new position in Campbell Soup in the 3rd quarter valued at approximately $940,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Up 0.1 %

Campbell Soup stock opened at $37.53 on Friday. 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 company has a market capitalization of $11.19 billion, a PE ratio of 20.51, a PEG ratio of 2.67 and a beta of 0.19. The firm’s fifty day moving average is $40.82 and its 200 day moving average is $45.56. The Campbell Soup Company has a 12-month low of $37.01 and a 12-month high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that The Campbell Soup Company will post 3.15 EPS 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 issued a dividend of $0.39 per share. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 4.16%. Campbell Soup’s payout ratio is currently 85.25%.

Insider Transactions at Campbell Soup

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 stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 20.19% of the stock is owned by insiders.

Analysts Set New Price Targets

CPB has been the subject of several recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $51.00 price target on shares of Campbell Soup in a research report on Monday, December 2nd. Stifel Nicolaus lowered their target price 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. Citigroup reduced their price target 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. Barclays lowered their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Finally, Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and upped their target price for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Two equities research 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 has a consensus rating of “Hold” and a consensus target price of $50.17.

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.