The Campbell Soup Company (NASDAQ:CPB) Stake Raised by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 635.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,539 shares of the company’s stock after purchasing an additional 3,058 shares during the period. EverSource Wealth Advisors LLC’s holdings in Campbell Soup were worth $148,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Campbell Soup by 3.1% during the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock valued at $491,581,000 after purchasing an additional 298,203 shares during the last quarter. Van ECK Associates Corp raised its holdings in Campbell Soup by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after buying an additional 531,281 shares during the period. Geode Capital Management LLC lifted its stake in Campbell Soup by 6.5% during the third quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after buying an additional 322,951 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Campbell Soup by 4.9% in the fourth quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company’s stock worth $177,487,000 after buying an additional 199,470 shares during the period. Finally, Amundi increased its position in shares of Campbell Soup by 23.9% in the fourth quarter. Amundi now owns 1,958,238 shares of the company’s stock worth $76,823,000 after acquiring an additional 377,307 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on CPB shares. Consumer Edge reaffirmed an “equal weight” rating on shares of Campbell Soup in a research note on Monday. Wells Fargo & Company decreased their target price on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. DA Davidson dropped their price target on Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Barclays decreased their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Finally, Jefferies Financial Group dropped their target price on Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $45.23.

Campbell Soup Stock Up 1.5 %

CPB stock opened at $39.01 on Tuesday. 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 firm has a market cap of $11.63 billion, a PE ratio of 21.32, a PEG ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The company has a fifty day simple moving average of $39.16 and a 200 day simple moving average of $43.84.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Sell-side analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is 90.17%.

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.