Brown Lisle Cummings Inc. Buys 2,670 Shares of The Campbell Soup Company (NASDAQ:CPB)

Brown Lisle Cummings Inc. grew its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 13.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,817 shares of the company’s stock after acquiring an additional 2,670 shares during the period. Brown Lisle Cummings Inc.’s holdings in Campbell Soup were worth $956,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Spire Wealth Management grew its holdings in Campbell Soup by 29.6% during the fourth quarter. Spire Wealth Management now owns 1,406 shares of the company’s stock valued at $59,000 after purchasing an additional 321 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Campbell Soup by 49.8% during the 4th quarter. DAVENPORT & Co LLC now owns 9,749 shares of the company’s stock valued at $408,000 after buying an additional 3,243 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Campbell Soup by 8.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,202 shares of the company’s stock worth $427,000 after acquiring an additional 773 shares during the period. Waldron Private Wealth LLC increased its holdings in Campbell Soup by 2.8% in the 4th quarter. Waldron Private Wealth LLC now owns 135,201 shares of the company’s stock worth $5,662,000 after acquiring an additional 3,640 shares during the last quarter. Finally, Smith Group Asset Management LLC bought a new stake in Campbell Soup in the 4th quarter valued at about $293,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Campbell Soup stock opened at $38.13 on Tuesday. The Campbell Soup Company has a fifty-two week low of $37.61 and a fifty-two week high of $52.81. 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 stock has a market cap of $11.37 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 2.67 and a beta of 0.19. The firm’s fifty day moving average price is $41.35 and its 200-day moving average price is $45.73.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. On average, equities research analysts expect that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders 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. This represents a $1.56 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Thursday, January 2nd. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $55.00 to $58.00 in a research note on Monday, October 7th. Stifel Nicolaus reduced their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, Wells Fargo & Company lowered 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 report on Tuesday, January 7th. Two 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, the stock presently has a consensus rating of “Hold” and an average price target of $50.17.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 20.19% of the company’s stock.

About Campbell Soup

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.