Sigma Planning Corp Buys 3,127 Shares of The Campbell Soup Company (NASDAQ:CPB)

Sigma Planning Corp increased its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 12.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,905 shares of the company’s stock after purchasing an additional 3,127 shares during the quarter. Sigma Planning Corp’s holdings in Campbell Soup were worth $1,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CPB. Franklin Resources Inc. lifted its stake in shares of 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 acquiring an additional 1,792,005 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Campbell Soup by 88.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after purchasing an additional 558,944 shares in the last quarter. Van ECK Associates Corp raised its position in Campbell Soup by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock valued at $387,273,000 after purchasing an additional 531,281 shares during the last quarter. Galvin Gaustad & Stein LLC acquired a new stake in shares of Campbell Soup during the fourth quarter valued at about $14,769,000. Finally, Geode Capital Management LLC grew its holdings in shares of Campbell Soup by 6.5% during the third quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock worth $256,827,000 after purchasing an additional 322,951 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

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 that occurred on Friday, January 3rd. The stock was 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 of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 20.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CPB has been the subject of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and raised their price target for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. DA Davidson reissued a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a research note on Wednesday, December 4th. Stifel Nicolaus lowered their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Citigroup reduced their price target on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $50.17.

Campbell Soup Trading Up 1.8 %

CPB opened at $41.33 on Tuesday. The company has a market cap of $12.32 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a fifty day moving average price of $39.63 and a two-hundred day moving average price of $44.79. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results 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%. Analysts predict 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. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.39 per share. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.56 annualized dividend and a yield of 3.77%. Campbell Soup’s dividend 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.