Inspire Investing LLC Raises Position in Campbell Soup (NASDAQ:CPB)

Inspire Investing LLC increased its holdings in Campbell Soup (NASDAQ:CPB) by 5.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,166 shares of the company’s stock after buying an additional 335 shares during the period. Inspire Investing LLC’s holdings in Campbell Soup were worth $258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. raised its position in Campbell Soup by 1,593.8% during the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after purchasing an additional 1,792,005 shares in the last quarter. Raymond James Trust N.A. raised its position in Campbell Soup by 43.8% during the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock valued at $451,000 after purchasing an additional 2,809 shares in the last quarter. FMR LLC raised its position in Campbell Soup by 34.2% during the third quarter. FMR LLC now owns 165,494 shares of the company’s stock valued at $8,096,000 after purchasing an additional 42,216 shares in the last quarter. Centiva Capital LP purchased a new stake in Campbell Soup during the third quarter valued at about $2,806,000. Finally, Principal Financial Group Inc. raised its position in Campbell Soup by 6.8% during the third quarter. Principal Financial Group Inc. now owns 278,607 shares of the company’s stock valued at $13,629,000 after purchasing an additional 17,663 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Down 1.6 %

Shares of NASDAQ:CPB opened at $39.35 on Wednesday. Campbell Soup has a 1 year low of $37.61 and a 1 year high of $52.81. The company has a market cap of $11.73 billion, a PE ratio of 21.50, a P/E/G ratio of 2.64 and a beta of 0.19. 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 stock’s 50-day moving average is $41.83 and its 200 day moving average is $45.96.

Campbell Soup (NASDAQ:CPB) last posted its earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that Campbell Soup will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.39 per share. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date was Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.96%. Campbell Soup’s dividend payout ratio is 85.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CPB shares. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and raised their price target for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Stephens restated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Wells Fargo & Company lowered their target price on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $51.00 target price on shares of Campbell Soup in a research note on Monday, December 2nd. Finally, DA Davidson reissued a “neutral” rating and issued a $51.00 target price on shares of Campbell Soup in a research note on Wednesday, December 4th. 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $50.17.

Insiders Place Their Bets

In related news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction that occurred 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 owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 20.19% of the company’s stock.

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.