The Campbell Soup Company (NASDAQ:CPB) Shares Sold by BBR Partners LLC

BBR Partners LLC decreased its position in The Campbell Soup Company (NASDAQ:CPB) by 33.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,334 shares of the company’s stock after selling 2,666 shares during the quarter. BBR Partners LLC’s holdings in Campbell Soup were worth $223,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in shares of Campbell Soup by 4.2% during the 3rd quarter. US Bancorp DE now owns 33,571 shares of the company’s stock worth $1,642,000 after acquiring an additional 1,346 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Campbell Soup by 45.1% during the third quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company’s stock worth $87,000 after purchasing an additional 552 shares during the last quarter. QRG Capital Management Inc. increased its stake in Campbell Soup by 9.7% in the third quarter. QRG Capital Management Inc. now owns 15,723 shares of the company’s stock valued at $769,000 after purchasing an additional 1,392 shares during the last quarter. Graypoint LLC increased its stake in Campbell Soup by 18.3% in the third quarter. Graypoint LLC now owns 6,031 shares of the company’s stock valued at $295,000 after purchasing an additional 931 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Campbell Soup by 6.8% during the third quarter. Principal Financial Group Inc. now owns 278,607 shares of the company’s stock worth $13,629,000 after purchasing an additional 17,663 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Wells Fargo & Company dropped their price objective on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. downgraded Campbell Soup from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $48.00 to $37.00 in a report on Thursday. DA Davidson restated a “neutral” rating and set a $51.00 price target on shares of Campbell Soup in a research note on Wednesday, December 4th. Finally, Citigroup reduced their price objective on Campbell Soup from $39.00 to $37.00 and set a “sell” rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.36.

Campbell Soup Stock Up 5.1 %

Shares of Campbell Soup stock opened at $41.81 on Friday. The company has a market cap of $12.46 billion, a P/E ratio of 22.85, a PEG ratio of 2.71 and a beta of 0.19. The firm has a fifty day moving average of $39.39 and a two-hundred day moving average of $44.36. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The Campbell Soup Company has a one year low of $36.92 and a one year high of $52.81.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is presently 85.25%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 20.19% of the stock is currently owned by company insiders.

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.