AMG National Trust Bank Invests $299,000 in Campbell Soup (NYSE:CPB)

AMG National Trust Bank acquired a new position in shares of Campbell Soup (NYSE:CPB – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,350 shares of the company’s stock, valued at approximately $299,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jeppson Wealth Management LLC boosted its holdings in Campbell Soup by 1.6% in the second quarter. Jeppson Wealth Management LLC now owns 13,314 shares of the company’s stock worth $640,000 after purchasing an additional 210 shares in the last quarter. Merit Financial Group LLC boosted its holdings in Campbell Soup by 1.5% during the third quarter. Merit Financial Group LLC now owns 14,163 shares of the company’s stock valued at $667,000 after acquiring an additional 213 shares during the period. Cetera Advisors LLC boosted its holdings in Campbell Soup by 1.2% during the second quarter. Cetera Advisors LLC now owns 19,530 shares of the company’s stock valued at $938,000 after acquiring an additional 238 shares during the period. CWM LLC boosted its holdings in Campbell Soup by 11.6% during the second quarter. CWM LLC now owns 2,439 shares of the company’s stock valued at $117,000 after acquiring an additional 253 shares during the period. Finally, SPC Financial Inc. boosted its holdings in Campbell Soup by 3.6% during the second quarter. SPC Financial Inc. now owns 8,886 shares of the company’s stock valued at $427,000 after acquiring an additional 311 shares during the period. 50.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Campbell Soup

In other news, EVP Adam G. Ciongoli sold 44,232 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $56.46, for a total transaction of $2,497,338.72. Following the completion of the sale, the executive vice president now owns 136,739 shares of the company’s stock, valued at $7,720,283.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Adam G. Ciongoli sold 44,232 shares of the stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $56.46, for a total transaction of $2,497,338.72. Following the sale, the executive vice president now directly owns 136,739 shares of the company’s stock, valued at $7,720,283.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Adam G. Ciongoli sold 37,354 shares of the stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $56.86, for a total transaction of $2,123,948.44. Following the sale, the executive vice president now directly owns 99,385 shares in the company, valued at $5,651,031.10. The disclosure for this sale can be found here. Company insiders own 21.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CPB. Evercore ISI upped their price target on shares of Campbell Soup to $53.00 in a report on Monday, December 12th. Piper Sandler upped their price target on shares of Campbell Soup from $46.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, December 8th. Credit Suisse Group upped their price objective on shares of Campbell Soup from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, December 8th. StockNews.com raised shares of Campbell Soup from a “hold” rating to a “buy” rating in a research report on Friday, December 9th. Finally, Royal Bank of Canada upped their price objective on shares of Campbell Soup from $46.00 to $50.00 in a research report on Thursday, December 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $51.09.

Campbell Soup Stock Performance

NYSE:CPB opened at $51.40 on Wednesday. Campbell Soup has a 12-month low of $41.72 and a 12-month high of $57.78. The company has a quick ratio of 0.31, a current ratio of 0.76 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $15.39 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 5.13 and a beta of 0.38. The firm has a 50-day moving average price of $54.80 and a 200 day moving average price of $51.33.

Campbell Soup (NYSE:CPB – Get Rating) last posted its quarterly earnings results on Wednesday, December 7th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.16. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell Soup had a net margin of 8.91% and a return on equity of 26.43%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. Research analysts anticipate that Campbell Soup will post 2.99 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Thursday, January 5th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, January 4th. Campbell Soup’s payout ratio is 56.27%.

About Campbell Soup

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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.