The Campbell Soup Company (NASDAQ:CPB) is Hussman Strategic Advisors Inc.’s Largest Position

Hussman Strategic Advisors Inc. raised its position in The Campbell Soup Company (NASDAQ:CPB) by 133.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,000 shares of the company’s stock after purchasing an additional 84,000 shares during the quarter. Campbell Soup accounts for approximately 1.8% of Hussman Strategic Advisors Inc.’s portfolio, making the stock its largest holding. Hussman Strategic Advisors Inc.’s holdings in Campbell Soup were worth $6,156,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CPB. Franklin Resources Inc. boosted its position in Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after purchasing an additional 1,792,005 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Campbell Soup by 88.2% during the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after purchasing an additional 558,944 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Campbell Soup by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after buying an additional 531,281 shares during the period. Galvin Gaustad & Stein LLC acquired a new stake in shares of Campbell Soup in the fourth quarter valued at about $14,769,000. Finally, Geode Capital Management LLC raised its holdings in shares of Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after buying an additional 322,951 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Campbell Soup Stock Up 1.3 %

Shares of Campbell Soup stock opened at $38.64 on Thursday. 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 has a 50-day moving average price of $39.77 and a 200 day moving average price of $44.99. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. The firm has a market cap of $11.52 billion, a P/E ratio of 21.11, a P/E/G ratio of 2.66 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share 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 forecast 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. Stockholders of record on Thursday, January 2nd were given a $0.39 dividend. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, January 2nd. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Analyst Ratings Changes

A number of research firms have weighed in on CPB. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Barclays decreased their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. DA Davidson reiterated a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, Stifel Nicolaus lowered their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.17.

Campbell Soup Profile

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.