The Campbell Soup Company (NASDAQ:CPB) Shares Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. grew its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 133.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,000 shares of the company’s stock after purchasing an additional 84,000 shares during the period. Campbell Soup makes up about 1.8% of Hussman Strategic Advisors Inc.’s holdings, making the stock its largest holding. Hussman Strategic Advisors Inc.’s holdings in Campbell Soup were worth $6,156,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CPB. nVerses Capital LLC purchased a new stake in Campbell Soup during the 3rd quarter worth about $34,000. Bleakley Financial Group LLC boosted its stake in shares of Campbell Soup by 38.7% in the third quarter. Bleakley Financial Group LLC now owns 6,582 shares of the company’s stock valued at $322,000 after buying an additional 1,835 shares in the last quarter. Raymond James & Associates grew its holdings in Campbell Soup by 4.3% during the third quarter. Raymond James & Associates now owns 487,936 shares of the company’s stock worth $23,870,000 after acquiring an additional 19,934 shares during the period. Venture Visionary Partners LLC raised its position in Campbell Soup by 32.4% in the third quarter. Venture Visionary Partners LLC now owns 7,598 shares of the company’s stock worth $372,000 after acquiring an additional 1,860 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Campbell Soup by 19.6% in the third quarter. Signaturefd LLC now owns 16,599 shares of the company’s stock valued at $812,000 after acquiring an additional 2,719 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insider Transactions at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 20.19% of the company’s stock.

Campbell Soup Trading Up 1.3 %

Campbell Soup stock opened at $38.64 on Thursday. The stock has a 50-day moving average price of $39.77 and a 200 day moving average price of $44.99. The Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81. The stock has a market cap of $11.52 billion, a PE ratio of 21.11, a P/E/G ratio of 2.66 and a beta of 0.19. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 EPS 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%. Equities research analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, January 2nd. 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%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Barclays lowered their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. 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. Wells Fargo & Company lowered their price target on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Citigroup reduced their price objective on Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.17.

About Campbell Soup

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.