Atria Wealth Solutions Inc. Lowers Position in The Campbell Soup Company (NASDAQ:CPB)

Atria Wealth Solutions Inc. trimmed its stake in The Campbell Soup Company (NASDAQ:CPB) by 32.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,621 shares of the company’s stock after selling 3,201 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Campbell Soup were worth $277,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CPB. Ashton Thomas Securities LLC purchased a new stake in Campbell Soup in the third quarter valued at approximately $39,000. Principal Securities Inc. grew its holdings in Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares during the period. Kentucky Trust Co purchased a new stake in Campbell Soup in the fourth quarter valued at approximately $42,000. Quent Capital LLC grew its holdings in Campbell Soup by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after purchasing an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in Campbell Soup in the fourth quarter valued at approximately $47,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on CPB. Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Citigroup reduced their target price on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a report on Thursday, December 5th. Barclays lowered their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Wells Fargo & Company reduced their price objective on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, BNP Paribas upgraded Campbell Soup to a “strong sell” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.17.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction dated 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 directly owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.19% of the stock is owned by corporate insiders.

Campbell Soup Stock Up 0.5 %

Shares of NASDAQ CPB opened at $40.06 on Friday. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The stock’s 50-day simple moving average is $39.53 and its 200-day simple moving average is $44.67.

Campbell Soup (NASDAQ:CPB) last announced its earnings results 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 return on equity of 23.79% and a net margin of 5.57%. As a group, equities analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s 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.