Campbell Soup (NASDAQ:CPB) Shares Bought by Goldstone Financial Group LLC

Goldstone Financial Group LLC lifted its stake in shares of Campbell Soup (NASDAQ:CPB) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,611 shares of the company’s stock after acquiring an additional 1,748 shares during the period. Goldstone Financial Group LLC’s holdings in Campbell Soup were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Campbell Soup in the 2nd quarter valued at approximately $32,000. nVerses Capital LLC purchased a new position in Campbell Soup in the third quarter worth approximately $34,000. Ashton Thomas Securities LLC acquired a new stake in Campbell Soup during the third quarter worth $39,000. Friedenthal Financial purchased a new stake in Campbell Soup in the third quarter valued at $48,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Campbell Soup by 463.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,747 shares of the company’s stock valued at $82,000 after purchasing an additional 1,437 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of NASDAQ CPB opened at $39.26 on Friday. 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 company has a market cap of $11.70 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.60 and a beta of 0.19. The stock’s 50-day moving average is $42.66 and its two-hundred day moving average is $46.30. Campbell Soup has a 1-year low of $37.61 and a 1-year high of $52.81.

Campbell Soup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be issued a $0.39 dividend. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.56 annualized dividend and a yield of 3.97%. Campbell Soup’s dividend payout ratio (DPR) is 85.25%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CPB shares. DA Davidson reissued a “neutral” rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Wednesday, December 4th. Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Citigroup cut their target price on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Finally, Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Campbell Soup presently has an average rating of “Hold” and an average price target of $50.75.

Insider Buying and Selling

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

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.