Wingate Wealth Advisors Inc. Makes New $71,000 Investment in The Campbell Soup Company (NASDAQ:CPB)

Wingate Wealth Advisors Inc. bought a new stake in The Campbell Soup Company (NASDAQ:CPB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,692 shares of the company’s stock, valued at approximately $71,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CPB. Savant Capital LLC increased its stake in Campbell Soup by 9.8% during the fourth quarter. Savant Capital LLC now owns 13,923 shares of the company’s stock worth $583,000 after acquiring an additional 1,241 shares during the last quarter. Stephens Inc. AR increased its stake in Campbell Soup by 70.5% during the fourth quarter. Stephens Inc. AR now owns 87,348 shares of the company’s stock worth $3,658,000 after acquiring an additional 36,115 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in Campbell Soup by 41.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,232 shares of the company’s stock worth $261,000 after acquiring an additional 1,821 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in Campbell Soup by 9.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 6,574 shares of the company’s stock worth $275,000 after acquiring an additional 561 shares during the last quarter. Finally, BLB&B Advisors LLC acquired a new stake in Campbell Soup during the fourth quarter worth $217,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

CPB stock opened at $37.39 on Tuesday. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The stock’s 50 day moving average price is $40.47 and its 200 day moving average price is $45.43. The firm has a market cap of $11.15 billion, a P/E ratio of 20.43, a PEG ratio of 2.59 and a beta of 0.19.

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

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Thursday, January 2nd. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is currently 85.25%.

Analyst Ratings Changes

CPB has been the subject of several recent analyst reports. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $51.00 price objective on shares of Campbell Soup in a research note on Monday, December 2nd. Barclays dropped their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Citigroup dropped their price objective on Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Finally, Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.17.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 20.19% of the company’s stock.

About Campbell Soup

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.