EP Wealth Advisors LLC Invests $341,000 in Campbell Soup (NASDAQ:CPB)

EP Wealth Advisors LLC acquired a new position in shares of Campbell Soup (NASDAQ:CPB) in the 3rd quarter, Holdings Channel reports. The fund acquired 6,961 shares of the company’s stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LSV Asset Management increased its holdings in Campbell Soup by 5,022.5% in the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after buying an additional 2,390,700 shares during the period. Wulff Hansen & CO. grew its stake in shares of Campbell Soup by 4,419.0% during the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock valued at $33,103,000 after purchasing an additional 716,320 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Campbell Soup by 88.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock valued at $58,342,000 after buying an additional 558,944 shares during the period. Armistice Capital LLC raised its position in shares of Campbell Soup by 94.0% during the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock worth $48,259,000 after acquiring an additional 517,550 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after purchasing an additional 363,736 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price target for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. StockNews.com upgraded Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. increased their target price on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. TD Cowen raised their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Finally, Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.92.

Campbell Soup Trading Down 0.2 %

Campbell Soup stock opened at $42.92 on Friday. Campbell Soup has a 52 week low of $40.26 and a 52 week high of $52.81. The stock has a market capitalization of $12.79 billion, a P/E ratio of 23.45, a PEG ratio of 2.94 and a beta of 0.18. The stock has a 50-day simple moving average of $45.83 and a 200 day simple moving average of $46.87. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Thursday, January 2nd. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is 85.25%.

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.