Goldstone Financial Group LLC Boosts Holdings in Campbell Soup (NASDAQ:CPB)

Goldstone Financial Group LLC boosted its stake in Campbell Soup (NASDAQ:CPB) by 22.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,611 shares of the company’s stock after buying an additional 1,748 shares during the quarter. Goldstone Financial Group LLC’s holdings in Campbell Soup were worth $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Franklin Resources Inc. raised its position in Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after purchasing an additional 1,792,005 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Campbell Soup by 88.2% in the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock valued at $58,342,000 after buying an additional 558,944 shares during the last quarter. Armistice Capital LLC boosted its stake in shares of Campbell Soup by 94.0% during the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock worth $48,259,000 after buying an additional 517,550 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Campbell Soup by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after buying an additional 363,736 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Campbell Soup by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after acquiring an additional 322,951 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Campbell Soup from $50.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, December 5th. Barclays cut their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. StockNews.com upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Campbell Soup presently has an average rating of “Hold” and a consensus target price of $50.75.

Insider Buying and Selling

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company’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 value of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.19% of the stock is owned by corporate insiders.

Campbell Soup Trading Up 1.5 %

NASDAQ CPB opened at $39.26 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a one year low of $37.61 and a one year high of $52.81. The company’s 50 day moving average price is $42.66 and its 200 day moving average price is $46.30. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.60 and a beta of 0.19.

Campbell Soup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.39 per share. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 3.97%. Campbell Soup’s payout ratio is presently 85.25%.

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.