The Campbell Soup Company (NASDAQ:CPB) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in The Campbell Soup Company (NASDAQ:CPB) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,577 shares of the company’s stock after selling 1,937 shares during the quarter. Pacer Advisors Inc.’s holdings in Campbell Soup were worth $904,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in Campbell Soup by 3.7% in the fourth quarter. Blue Trust Inc. now owns 37,854 shares of the company’s stock valued at $1,585,000 after buying an additional 1,368 shares during the period. PFG Investments LLC raised its stake in shares of Campbell Soup by 49.3% during the fourth quarter. PFG Investments LLC now owns 6,962 shares of the company’s stock valued at $292,000 after purchasing an additional 2,299 shares during the period. Monte Financial Group LLC lifted its position in shares of Campbell Soup by 5.6% during the fourth quarter. Monte Financial Group LLC now owns 124,507 shares of the company’s stock worth $5,214,000 after purchasing an additional 6,562 shares in the last quarter. Fifth Third Bancorp grew its holdings in Campbell Soup by 7.5% during the 4th quarter. Fifth Third Bancorp now owns 7,299 shares of the company’s stock valued at $306,000 after purchasing an additional 511 shares in the last quarter. Finally, Galvin Gaustad & Stein LLC purchased a new stake in Campbell Soup during the 4th quarter worth $14,769,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were 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 approximately $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.19% of the stock is currently owned by insiders.

Campbell Soup Price Performance

NASDAQ CPB opened at $38.13 on Tuesday. The company has a 50-day moving average price of $41.35 and a two-hundred day moving average price of $45.73. The Campbell Soup Company has a 52 week low of $37.61 and a 52 week high of $52.81. The stock has a market cap of $11.37 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.67 and a beta of 0.19. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB) last issued 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 return on equity of 23.79% and a net margin of 5.57%. Analysts forecast that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a $0.39 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.56 annualized dividend and a yield of 4.09%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is presently 85.25%.

Wall Street Analysts Forecast Growth

CPB has been the subject of a number of analyst reports. Stephens reissued an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price target for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Sanford C. Bernstein upgraded Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $55.00 to $58.00 in a report on Monday, October 7th. Wells Fargo & Company reduced their target price on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Barclays cut their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.