The Campbell Soup Company (NASDAQ:CPB) Stock Position Boosted by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 41.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,232 shares of the company’s stock after buying an additional 1,821 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Campbell Soup were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPB. Exchange Traded Concepts LLC lifted its holdings in shares of Campbell Soup by 62.0% in the third quarter. Exchange Traded Concepts LLC now owns 24,587 shares of the company’s stock valued at $1,203,000 after buying an additional 9,409 shares during the period. Swedbank AB raised its position in Campbell Soup by 49.3% in the third quarter. Swedbank AB now owns 350,764 shares of the company’s stock worth $17,159,000 after acquiring an additional 115,794 shares in the last quarter. MN Wealth Advisors LLC acquired a new stake in Campbell Soup in the 3rd quarter valued at about $940,000. nVerses Capital LLC bought a new position in shares of Campbell Soup during the 3rd quarter valued at about $34,000. Finally, Bleakley Financial Group LLC grew its stake in shares of Campbell Soup by 38.7% in the 3rd quarter. Bleakley Financial Group LLC now owns 6,582 shares of the company’s stock worth $322,000 after purchasing an additional 1,835 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Trading Up 1.5 %

NASDAQ:CPB opened at $37.95 on Wednesday. The stock’s 50-day moving average is $40.31 and its two-hundred day moving average is $45.36. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock has a market cap of $11.31 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.59 and a beta of 0.19. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, beating 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%. As a group, equities research analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a dividend of $0.39 per share. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 4.11%. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction that occurred 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 directly owns 16,551 shares in the company, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 20.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company cut their target price on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. DA Davidson reiterated a “neutral” rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Wednesday, December 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $51.00 target price on shares of Campbell Soup in a report on Monday, December 2nd. Citigroup reduced their target price on Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Finally, Stifel Nicolaus dropped their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.