Hussman Strategic Advisors Inc. Has $4.54 Million Position in Campbell Soup (NYSE:CPB)

Hussman Strategic Advisors Inc. boosted its stake in Campbell Soup (NYSE:CPB - Free Report) by 68.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,000 shares of the company's stock after purchasing an additional 42,600 shares during the period. Campbell Soup comprises 1.0% of Hussman Strategic Advisors Inc.'s investment portfolio, making the stock its 15th largest position. Hussman Strategic Advisors Inc.'s holdings in Campbell Soup were worth $4,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Campbell Soup by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 23,259,524 shares of the company's stock worth $1,036,678,000 after buying an additional 1,387,605 shares during the last quarter. BlackRock Inc. boosted its stake in Campbell Soup by 2.1% during the first quarter. BlackRock Inc. now owns 17,657,529 shares of the company's stock valued at $970,811,000 after buying an additional 357,500 shares during the last quarter. State Street Corp raised its position in Campbell Soup by 16.8% during the first quarter. State Street Corp now owns 12,182,043 shares of the company's stock valued at $542,954,000 after purchasing an additional 1,749,650 shares during the period. Invesco Ltd. raised its holdings in shares of Campbell Soup by 6.8% in the third quarter. Invesco Ltd. now owns 5,035,674 shares of the company's stock worth $206,865,000 after buying an additional 318,983 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Campbell Soup by 1.2% during the 1st quarter. Geode Capital Management LLC now owns 4,375,839 shares of the company's stock worth $240,059,000 after purchasing an additional 49,905 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. TheStreet upgraded Campbell Soup from a "c+" rating to a "b-" rating in a research note on Wednesday, January 3rd. Evercore ISI started coverage on Campbell Soup in a report on Wednesday, March 13th. They issued an "in-line" rating and a $49.00 price objective on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Thursday, March 14th. Piper Sandler reaffirmed a "neutral" rating and set a $47.00 price objective on shares of Campbell Soup in a research report on Tuesday, March 26th. Finally, DA Davidson assumed coverage on Campbell Soup in a research report on Friday, March 1st. They set a "buy" rating and a $48.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $46.38.

Campbell Soup Stock Up 1.1 %

Shares of NYSE CPB traded up $0.49 during mid-day trading on Friday, reaching $44.20. The company had a trading volume of 2,240,682 shares, compared to its average volume of 2,264,584. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 2.89 and a beta of 0.24. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $55.14. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. The stock has a fifty day moving average of $42.97 and a two-hundred day moving average of $42.40.

Campbell Soup (NYSE:CPB - Get Free Report) last posted its quarterly earnings data 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 firm's revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. As a group, equities research analysts expect that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be given a $0.37 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.35%. Campbell Soup's dividend payout ratio (DPR) is presently 57.81%.

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.