B. Riley Wealth Advisors Inc. Sells 1,200 Shares of Campbell Soup (NASDAQ:CPB)

B. Riley Wealth Advisors Inc. trimmed its position in Campbell Soup (NASDAQ:CPB) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,610 shares of the company’s stock after selling 1,200 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Campbell Soup were worth $760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of Campbell Soup in the third quarter valued at about $34,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Campbell Soup in the 2nd quarter valued at about $32,000. Ashton Thomas Securities LLC purchased a new stake in shares of Campbell Soup in the 3rd quarter worth approximately $39,000. Rothschild Investment LLC bought a new position in shares of Campbell Soup during the second quarter valued at approximately $44,000. Finally, Sentry Investment Management LLC purchased a new position in Campbell Soup during the second quarter valued at approximately $44,000. Institutional investors own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CPB shares. TD Cowen upped their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. upped their price objective on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. StockNews.com upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Wells Fargo & Company decreased their price target on shares of Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Finally, Citigroup cut their price objective 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Campbell Soup currently has an average rating of “Hold” and an average target price of $50.92.

Campbell Soup Stock Down 3.2 %

NASDAQ:CPB opened at $41.66 on Thursday. 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 has a twelve month low of $40.26 and a twelve month high of $52.81. The company has a market cap of $12.42 billion, a PE ratio of 22.77, a P/E/G ratio of 2.96 and a beta of 0.18. The company’s 50 day moving average is $45.56 and its two-hundred day moving average is $46.88.

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 is Thursday, January 2nd. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.74%. Campbell Soup’s 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.