Quent Capital LLC Acquires 481 Shares of The Campbell Soup Company (NASDAQ:CPB)

Quent Capital LLC lifted its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 77.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,100 shares of the company’s stock after purchasing an additional 481 shares during the quarter. Quent Capital LLC’s holdings in Campbell Soup were worth $46,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Exchange Traded Concepts LLC increased its stake in Campbell Soup by 62.0% in the third quarter. Exchange Traded Concepts LLC now owns 24,587 shares of the company’s stock valued at $1,203,000 after acquiring an additional 9,409 shares during the last quarter. Swedbank AB increased its stake in Campbell Soup by 49.3% in the third quarter. Swedbank AB now owns 350,764 shares of the company’s stock valued at $17,159,000 after acquiring an additional 115,794 shares during the last quarter. nVerses Capital LLC bought a new position in Campbell Soup in the third quarter valued at approximately $34,000. Bleakley Financial Group LLC increased its stake in Campbell Soup by 38.7% in the third quarter. Bleakley Financial Group LLC now owns 6,582 shares of the company’s stock valued at $322,000 after acquiring an additional 1,835 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its stake in Campbell Soup by 4.0% in the third 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 last quarter. 52.35% of the stock is owned by institutional investors.

Campbell Soup Price Performance

CPB stock opened at $38.61 on Friday. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.59 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 12-month low of $36.92 and a 12-month high of $52.81. The company’s fifty day simple moving average is $40.22 and its 200 day simple moving average is $45.31.

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

Campbell Soup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a $0.39 dividend. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 4.04%. The ex-dividend date was Thursday, January 2nd. Campbell Soup’s payout ratio is 85.25%.

Analysts Set New Price Targets

A number of analysts have weighed in on CPB shares. Royal Bank of Canada restated a “sector perform” rating and issued a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and raised their target price for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Stifel Nicolaus cut their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Stephens restated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Barclays cut their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Campbell Soup currently has a consensus rating of “Hold” and an average target price of $50.17.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup 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 directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.