6,350 Shares in Campbell Soup (NYSE:CPB) Bought by AMG National Trust Bank

AMG National Trust Bank purchased a new stake in Campbell Soup (NYSE:CPBGet Rating) during the 3rd quarter, Holdings Channel reports. The firm purchased 6,350 shares of the company’s stock, valued at approximately $299,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Campbell Soup by 16.8% in the 1st quarter. State Street Corp now owns 12,182,043 shares of the company’s stock valued at $542,954,000 after acquiring an additional 1,749,650 shares during the period. Vanguard Group Inc. grew its position in shares of Campbell Soup by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 23,259,524 shares of the company’s stock valued at $1,036,678,000 after acquiring an additional 1,387,605 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Campbell Soup by 74.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,450,459 shares of the company’s stock valued at $69,694,000 after acquiring an additional 619,831 shares during the period. Los Angeles Capital Management LLC grew its position in shares of Campbell Soup by 276.7% in the 3rd quarter. Los Angeles Capital Management LLC now owns 696,587 shares of the company’s stock valued at $32,823,000 after acquiring an additional 511,673 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Campbell Soup by 68.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,149,290 shares of the company’s stock valued at $54,154,000 after acquiring an additional 466,573 shares during the period. 50.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Adam G. Ciongoli sold 44,232 shares of the business’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $56.46, for a total value of $2,497,338.72. Following the completion of the transaction, the executive vice president now directly owns 136,739 shares in the company, valued at approximately $7,720,283.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Adam G. Ciongoli sold 44,232 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $56.46, for a total transaction of $2,497,338.72. Following the completion of the transaction, the executive vice president now directly owns 136,739 shares in the company, valued at approximately $7,720,283.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Adam G. Ciongoli sold 37,354 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $56.86, for a total transaction of $2,123,948.44. Following the transaction, the executive vice president now owns 99,385 shares of the company’s stock, valued at $5,651,031.10. The disclosure for this sale can be found here. Corporate insiders own 21.05% of the company’s stock.

Campbell Soup Stock Performance

NYSE CPB opened at $51.40 on Wednesday. The firm has a 50-day moving average price of $54.80 and a two-hundred day moving average price of $51.33. The company has a market capitalization of $15.39 billion, a P/E ratio of 19.54, a P/E/G ratio of 5.13 and a beta of 0.38. The company has a quick ratio of 0.31, a current ratio of 0.76 and a debt-to-equity ratio of 1.15. Campbell Soup has a 12-month low of $41.72 and a 12-month high of $57.78.

Campbell Soup (NYSE:CPBGet Rating) last issued its earnings results on Wednesday, December 7th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.86 by $0.16. The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Campbell Soup had a net margin of 8.91% and a return on equity of 26.43%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. Analysts anticipate that Campbell Soup will post 2.99 earnings per share for the current year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Thursday, January 5th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Wednesday, January 4th. Campbell Soup’s payout ratio is presently 56.27%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Piper Sandler lifted their price objective on shares of Campbell Soup from $46.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, December 8th. Evercore ISI lifted their target price on shares of Campbell Soup to $53.00 in a report on Monday, December 12th. Credit Suisse Group lifted their target price on shares of Campbell Soup from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, December 8th. Exane BNP Paribas initiated coverage on shares of Campbell Soup in a report on Tuesday, November 15th. They set an “underperform” rating for the company. Finally, Royal Bank of Canada lifted their target price on shares of Campbell Soup from $46.00 to $50.00 in a report on Thursday, December 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Campbell Soup has a consensus rating of “Hold” and a consensus price target of $51.09.

About Campbell Soup

(Get Rating)

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.

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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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