TruNorth Capital Management LLC Sells 500 Shares of The Campbell Soup Company (NASDAQ:CPB)

TruNorth Capital Management LLC reduced its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 38.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 800 shares of the company’s stock after selling 500 shares during the quarter. TruNorth Capital Management LLC’s holdings in Campbell Soup were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CPB. Ashton Thomas Securities LLC acquired a new position in Campbell Soup in the third quarter valued at approximately $39,000. Principal Securities Inc. boosted its position in shares of Campbell Soup by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after purchasing an additional 290 shares during the last quarter. Kentucky Trust Co bought a new position in shares of Campbell Soup in the 4th quarter worth $42,000. Quent Capital LLC grew its stake in shares of Campbell Soup by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after purchasing an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in Campbell Soup in the fourth quarter valued at about $47,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Citigroup decreased their price target on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. 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 set a $51.00 target price on shares of Campbell Soup in a research note on Wednesday, December 4th. Two 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. Based on data from MarketBeat, Campbell Soup currently has a consensus rating of “Hold” and an average price target of $50.17.

Insider Activity at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now directly owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 20.19% of the stock is owned by insiders.

Campbell Soup Trading Up 1.8 %

Shares of Campbell Soup stock opened at $41.33 on Tuesday. The Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81. 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 business’s 50 day moving average is $39.63 and its 200-day moving average is $44.79. The stock has a market cap of $12.32 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data 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%. Equities research analysts predict 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 announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Thursday, January 2nd. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is presently 85.25%.

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.