HighTower Advisors LLC cut its stake in shares of Campbell Soup (NASDAQ:CPB – Free Report) by 25.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 14,839 shares of the company’s stock after selling 5,200 shares during the period. HighTower Advisors LLC’s holdings in Campbell Soup were worth $724,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. Blair William & Co. IL raised its position in Campbell Soup by 0.5% in the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock valued at $1,982,000 after purchasing an additional 218 shares during the last quarter. Brown Lisle Cummings Inc. raised its holdings in Campbell Soup by 1.3% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock valued at $986,000 after buying an additional 254 shares during the last quarter. Diversified Trust Co boosted its position in Campbell Soup by 0.3% during the 3rd quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock worth $4,297,000 after buying an additional 283 shares during the period. V Square Quantitative Management LLC increased its position in Campbell Soup by 4.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock valued at $369,000 after acquiring an additional 287 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Campbell Soup by 7.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock valued at $207,000 after acquiring an additional 290 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. DA Davidson restated a “neutral” rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Wednesday, December 4th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Piper Sandler upgraded shares of 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 report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and a consensus price target of $50.92.
Check Out Our Latest Analysis on CPB
Campbell Soup Price Performance
Shares of CPB opened at $41.66 on Thursday. The stock has a market cap of $12.42 billion, a P/E ratio of 22.77, a P/E/G ratio of 2.96 and a beta of 0.18. The business’s fifty day moving average is $45.56 and its 200 day moving average is $46.88. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. Campbell Soup has a 12-month low of $40.26 and a 12-month high of $52.81.
Campbell Soup Increases Dividend
The firm 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. 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 dividend yield of 3.74%. The ex-dividend date is Thursday, January 2nd. Campbell Soup’s dividend payout ratio (DPR) is currently 85.25%.
Campbell Soup Profile
(Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Campbell Soup (NASDAQ:CPB – Free Report).
Receive News & Ratings for Campbell Soup Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Campbell Soup and related companies with MarketBeat.com’s FREE daily email newsletter.
