Brown Lisle Cummings Inc. Purchases 2,670 Shares of The Campbell Soup Company (NASDAQ:CPB)

Brown Lisle Cummings Inc. boosted its position in The Campbell Soup Company (NASDAQ:CPB) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,817 shares of the company’s stock after acquiring an additional 2,670 shares during the period. Brown Lisle Cummings Inc.’s holdings in Campbell Soup were worth $956,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Campbell Soup in the second quarter worth about $32,000. nVerses Capital LLC purchased a new stake in Campbell Soup in the 3rd quarter worth approximately $34,000. Ashton Thomas Securities LLC bought a new stake in shares of Campbell Soup in the 3rd quarter worth approximately $39,000. Friedenthal Financial purchased a new position in shares of Campbell Soup during the third quarter valued at approximately $48,000. Finally, Spire Wealth Management raised 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 valued at $59,000 after acquiring an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

CPB has been the topic of several recent analyst reports. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $55.00 to $58.00 in a research report on Monday, October 7th. DA Davidson reissued a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a research note on Wednesday, December 4th. Stifel Nicolaus cut their price objective on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Two investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.17.

Campbell Soup Price Performance

Shares of NASDAQ:CPB opened at $38.13 on Tuesday. The business has a fifty day moving average price of $41.35 and a 200-day moving average price of $45.73. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The company has a market capitalization of $11.37 billion, a PE ratio of 20.84, a PEG ratio of 2.67 and a beta of 0.19. The Campbell Soup Company has a 1-year low of $37.61 and a 1-year 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 for the quarter, beating 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, equities analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Increases Dividend

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

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were 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 in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.