Wilmington Savings Fund Society FSB Makes New $216,000 Investment in Campbell Soup (NASDAQ:CPB)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Campbell Soup (NASDAQ:CPB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,411 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors have also added to or reduced their stakes in CPB. LSV Asset Management grew its holdings in shares of Campbell Soup by 5,022.5% during the second 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 last quarter. Wulff Hansen & CO. lifted its position in shares of Campbell Soup by 4,419.0% during the 2nd quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock worth $33,103,000 after buying an additional 716,320 shares in the last quarter. Victory Capital Management Inc. boosted 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 worth $58,342,000 after buying an additional 558,944 shares during the last quarter. Armistice Capital LLC lifted its holdings in 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 period. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 last quarter. 52.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CPB. TD Cowen upped their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. DA Davidson restated a “neutral” rating and issued a $51.00 target price on shares of Campbell Soup in a research note on Wednesday, December 4th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $55.00 to $58.00 in a report on Monday, October 7th. JPMorgan Chase & Co. boosted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Finally, Citigroup decreased 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 data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.92.

Campbell Soup Stock Performance

Campbell Soup stock opened at $41.66 on Thursday. Campbell Soup has a fifty-two week low of $40.26 and a fifty-two week high of $52.81. The stock’s 50 day simple moving average is $45.56 and its two-hundred day simple moving average is $46.88. 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 $12.42 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 2.96 and a beta of 0.18.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.74%. Campbell Soup’s payout ratio is currently 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.