Ascent Wealth Partners LLC Purchases 306 Shares of The Campbell Soup Company (NASDAQ:CPB)

Ascent Wealth Partners LLC grew its stake in The Campbell Soup Company (NASDAQ:CPB) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,176 shares of the company’s stock after purchasing an additional 306 shares during the quarter. Ascent Wealth Partners LLC’s holdings in Campbell Soup were worth $845,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ballentine Partners LLC increased its position in Campbell Soup by 2.8% during the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock worth $404,000 after acquiring an additional 262 shares during the period. Creative Financial Designs Inc. ADV increased its position in Campbell Soup by 7.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock worth $207,000 after acquiring an additional 290 shares during the period. Principal Securities Inc. increased its position in Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after acquiring an additional 290 shares during the period. HB Wealth Management LLC increased its position in Campbell Soup by 4.3% during the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock worth $323,000 after acquiring an additional 319 shares during the period. Finally, Spire Wealth Management boosted its stake in shares of Campbell Soup by 29.6% in the 4th quarter. Spire Wealth Management now owns 1,406 shares of the company’s stock valued at $59,000 after purchasing an additional 321 shares in the last quarter. 52.35% of the stock is owned by institutional investors.

Campbell Soup Stock Performance

NASDAQ:CPB opened at $40.59 on Friday. The company has a fifty day moving average of $39.65 and a 200-day moving average of $44.87. The firm has a market capitalization of $12.10 billion, a P/E ratio of 22.18, a P/E/G ratio of 2.71 and a beta of 0.19. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. As a group, sell-side analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were paid a $0.39 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 3.84%. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is currently 85.25%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CPB. Barclays reduced their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Stifel Nicolaus dropped their price objective on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a report on Friday, January 24th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. Finally, DA Davidson reiterated a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Campbell Soup has an average rating of “Hold” and an average price target of $50.17.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.19% of the stock is currently 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.