Perigon Wealth Management LLC Buys 1,145 Shares of Campbell Soup (NYSE:CPB)

Perigon Wealth Management LLC boosted its position in shares of Campbell Soup (NYSE:CPB) by 10.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,145 shares of the company’s stock after buying an additional 1,145 shares during the quarter. Perigon Wealth Management LLC’s holdings in Campbell Soup were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Pathstone Family Office LLC grew its stake in shares of Campbell Soup by 0.8% in the fourth quarter. Pathstone Family Office LLC now owns 25,351 shares of the company’s stock worth $1,439,000 after purchasing an additional 199 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Campbell Soup by 0.4% during the first quarter. Stifel Financial Corp now owns 54,220 shares of the company’s stock valued at $2,981,000 after acquiring an additional 216 shares in the last quarter. Inspire Investing LLC lifted its stake in Campbell Soup by 3.1% in the third quarter. Inspire Investing LLC now owns 8,877 shares of the company’s stock worth $365,000 after acquiring an additional 267 shares during the period. Neuberger Berman Group LLC boosted its holdings in Campbell Soup by 0.7% in the third quarter. Neuberger Berman Group LLC now owns 38,244 shares of the company’s stock valued at $1,802,000 after acquiring an additional 268 shares in the last quarter. Finally, Bedel Financial Consulting Inc. raised its holdings in Campbell Soup by 5.8% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 4,982 shares of the company’s stock worth $228,000 after purchasing an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of CPB stock opened at $42.69 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 0.43. The company has a market capitalization of $12.73 billion, a P/E ratio of 16.68, a P/E/G ratio of 2.77 and a beta of 0.24. The company’s 50-day simple moving average is $42.95 and its two-hundred day simple moving average is $42.31. Campbell Soup has a one year low of $37.94 and a one year high of $55.52.

Campbell Soup (NYSE:CPB) last issued its earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. As a group, equities analysts anticipate that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.47%. Campbell Soup’s dividend payout ratio is currently 57.81%.

Analysts Set New Price Targets

CPB has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Piper Sandler reaffirmed a “neutral” rating and set a $47.00 price target on shares of Campbell Soup in a report on Tuesday, March 26th. TheStreet raised Campbell Soup from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Citigroup started coverage on Campbell Soup in a report on Thursday, February 1st. They issued a “sell” rating and a $41.00 target price on the stock. Finally, DA Davidson assumed coverage on shares of Campbell Soup in a research report on Friday, March 1st. They issued a “buy” rating and a $48.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $46.38.

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.