Jeppson Wealth Management LLC Has $628,000 Holdings in Campbell Soup (NYSE:CPB)

by · The Cerbat Gem

Jeppson Wealth Management LLC raised its holdings in Campbell Soup (NYSE:CPB – Free Report) by 11.4% in the third quarter, Holdings Channel reports. The fund owned 15,284 shares of the company’s stock after acquiring an additional 1,570 shares during the period. Jeppson Wealth Management LLC’s holdings in Campbell Soup were worth $628,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CPB. Pathstone Family Office LLC lifted its holdings in shares of Campbell Soup by 0.8% during the 4th quarter. Pathstone Family Office LLC now owns 25,351 shares of the company’s stock valued at $1,439,000 after purchasing an additional 199 shares in the last quarter. Stifel Financial Corp raised its holdings in Campbell Soup by 0.4% during the 1st quarter. Stifel Financial Corp now owns 54,220 shares of the company’s stock worth $2,981,000 after buying an additional 216 shares during the period. Astoria Portfolio Advisors LLC. lifted its stake in Campbell Soup by 5.3% in the second quarter. Astoria Portfolio Advisors LLC. now owns 4,674 shares of the company’s stock valued at $213,000 after buying an additional 236 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Campbell Soup by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 42,077 shares of the company’s stock valued at $1,923,000 after buying an additional 246 shares during the period. Finally, Neuberger Berman Group LLC increased its position in shares of Campbell Soup by 0.7% during the third quarter. Neuberger Berman Group LLC now owns 38,244 shares of the company’s stock worth $1,802,000 after acquiring an additional 268 shares in the last quarter. 50.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 3,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $44.31, for a total value of $132,930.00. Following the transaction, the executive vice president now directly owns 14,238 shares of the company’s stock, valued at $630,885.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 20.64% of the company’s stock.

Campbell Soup Stock Performance

Shares of CPB traded up $0.14 during midday trading on Friday, reaching $43.61. The stock had a trading volume of 2,063,780 shares, compared to its average volume of 2,794,285. The firm has a market cap of $13.06 billion, a PE ratio of 16.46, a P/E/G ratio of 3.65 and a beta of 0.28. The firm has a 50 day simple moving average of $41.99 and a 200-day simple moving average of $42.70. Campbell Soup has a one year low of $37.94 and a one year high of $57.24. The company has a current ratio of 0.97, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20.

Campbell Soup (NYSE:CPB – Get Free Report) last posted its quarterly earnings results on Wednesday, December 6th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Campbell Soup had a return on equity of 23.71% and a net margin of 8.55%. Campbell Soup’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $1.02 earnings per share. As a group, sell-side analysts anticipate that Campbell Soup will post 3.09 EPS for the current year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Thursday, January 4th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, January 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 55.85%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CPB shares. StockNews.com assumed coverage on shares of Campbell Soup in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. TheStreet raised Campbell Soup from a “c+” rating to a “b-” rating in a research report on Wednesday. Piper Sandler lifted their target price on Campbell Soup from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, December 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Thursday, December 7th. Finally, Wells Fargo & Company began coverage on shares of Campbell Soup in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $47.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $47.13.

Get Our Latest Research Report on CPB

Campbell Soup Company Profile

(Free Report)

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.

Further Reading

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