Cowa LLC Acquires 4,961 Shares of The Campbell Soup Company (NASDAQ:CPB)

Cowa LLC increased its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 87.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,635 shares of the company’s stock after acquiring an additional 4,961 shares during the quarter. Cowa LLC’s holdings in Campbell Soup were worth $445,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Raymond James & Associates grew its stake 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 buying an additional 19,934 shares in the last quarter. Signaturefd LLC grew its stake in Campbell Soup by 19.6% during the third quarter. Signaturefd LLC now owns 16,599 shares of the company’s stock worth $812,000 after buying an additional 2,719 shares in the last quarter. Eastern Bank acquired a new stake in Campbell Soup during the third quarter worth about $98,000. International Assets Investment Management LLC grew its stake in Campbell Soup by 145.1% during the third quarter. International Assets Investment Management LLC now owns 51,600 shares of the company’s stock worth $25,240,000 after buying an additional 30,549 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Campbell Soup by 11.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 26,201 shares of the company’s stock worth $1,282,000 after buying an additional 2,660 shares in the last quarter. 52.35% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction on 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 owns 16,551 shares in the company, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 20.19% of the stock is currently owned by company insiders.

Campbell Soup Stock Up 3.2 %

Campbell Soup stock opened at $40.59 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81. The firm has a 50 day moving average price of $39.65 and a two-hundred day moving average price of $44.90. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.66 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Equities analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 3.84%. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is currently 85.25%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CPB shares. Piper Sandler upgraded 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. 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 note on Tuesday, January 7th. Stephens restated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Barclays reduced their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Finally, DA Davidson restated a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and a consensus price target of $50.17.

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.