Private Advisor Group LLC Sells 2,875 Shares of The Campbell Soup Company (NASDAQ:CPB)

Private Advisor Group LLC reduced its holdings in The Campbell Soup Company (NASDAQ:CPB) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,749 shares of the company’s stock after selling 2,875 shares during the quarter. Private Advisor Group LLC’s holdings in Campbell Soup were worth $450,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ballentine Partners LLC grew its holdings in shares of Campbell Soup by 2.8% during the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock worth $404,000 after buying an additional 262 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Campbell Soup by 7.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock worth $207,000 after buying an additional 290 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after buying an additional 290 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Campbell Soup by 4.3% during the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock worth $323,000 after buying an additional 319 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in shares of Campbell Soup by 29.6% during the fourth quarter. Spire Wealth Management now owns 1,406 shares of the company’s stock worth $59,000 after buying an additional 321 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CPB has been the subject of a number of analyst 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 note on Monday, December 2nd. Wells Fargo & Company cut their price objective on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. DA Davidson reissued a “neutral” rating and set a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Barclays dropped their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Finally, Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and an average target price of $50.17.

Campbell Soup Trading Up 3.1 %

Shares of CPB opened at $41.29 on Tuesday. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81. The business’s fifty day moving average is $39.50 and its 200-day moving average is $44.55. 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 firm has a market cap of $12.31 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data 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 analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is presently 85.25%.

Insiders Place Their Bets

In other 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 20.19% of the company’s stock.

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.