Galvin Gaustad & Stein LLC Invests $14.77 Million in Campbell Soup (NASDAQ:CPB)

Galvin Gaustad & Stein LLC bought a new stake in Campbell Soup (NASDAQ:CPB) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 352,647 shares of the company’s stock, valued at approximately $14,769,000.

Several other large investors have also recently bought and sold shares of the stock. American Century Companies Inc. increased its holdings in shares of Campbell Soup by 10.8% during the second quarter. American Century Companies Inc. now owns 29,434 shares of the company’s stock worth $1,330,000 after purchasing an additional 2,858 shares during the period. Amalgamated Bank increased its holdings in shares of Campbell Soup by 41.4% during the second quarter. Amalgamated Bank now owns 57,885 shares of the company’s stock worth $2,616,000 after purchasing an additional 16,941 shares during the period. AE Wealth Management LLC bought a new position in shares of Campbell Soup during the second quarter worth approximately $230,000. Pacer Advisors Inc. increased its holdings in shares of Campbell Soup by 82.7% during the second quarter. Pacer Advisors Inc. now owns 25,069 shares of the company’s stock worth $1,133,000 after purchasing an additional 11,347 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Campbell Soup by 5.1% during the 2nd quarter. Sei Investments Co. now owns 154,621 shares of the company’s stock worth $6,987,000 after acquiring an additional 7,534 shares in the last quarter. 52.35% of the stock is owned by institutional investors.

Insider Activity

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 document filed with the SEC, which is accessible through the SEC website. Company insiders own 20.19% of the company’s stock.

Campbell Soup Price Performance

Shares of NASDAQ CPB opened at $38.23 on Thursday. Campbell Soup has a twelve month low of $37.61 and a twelve month high of $52.81. The firm has a fifty day simple moving average of $42.19 and a 200 day simple moving average of $46.13. The company has a market capitalization of $11.40 billion, a PE ratio of 20.91, a P/E/G ratio of 2.69 and a beta of 0.19. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB) last announced its 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 net margin of 5.57% and a return on equity of 23.79%. On average, sell-side analysts forecast that Campbell Soup will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 4.08%. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is currently 85.25%.

Analyst Ratings Changes

CPB has been the topic of several analyst reports. Citigroup reduced their price target on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Wells Fargo & Company reduced their price target on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. DA Davidson reiterated a “neutral” rating and set a $51.00 price target on shares of Campbell Soup in a research report on Wednesday, December 4th. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Finally, StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Two research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.75.

Campbell Soup 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.