GAMMA Investing LLC Decreases Stake in Campbell Soup (NASDAQ:CPB)

GAMMA Investing LLC cut its holdings in shares of Campbell Soup (NASDAQ:CPB) by 47.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,568 shares of the company’s stock after selling 6,942 shares during the period. GAMMA Investing LLC’s holdings in Campbell Soup were worth $317,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Natixis Advisors LLC boosted its holdings in shares of Campbell Soup by 4.1% during the 2nd quarter. Natixis Advisors LLC now owns 42,796 shares of the company’s stock valued at $1,934,000 after acquiring an additional 1,696 shares during the last quarter. Rhumbline Advisers boosted its holdings in Campbell Soup by 0.7% in the second quarter. Rhumbline Advisers now owns 407,154 shares of the company’s stock worth $18,399,000 after purchasing an additional 3,007 shares during the last quarter. National Bank of Canada FI boosted its holdings in Campbell Soup by 22.3% in the second quarter. National Bank of Canada FI now owns 58,413 shares of the company’s stock worth $2,644,000 after purchasing an additional 10,645 shares during the last quarter. Savant Capital LLC grew its position in Campbell Soup by 8.8% in the 2nd quarter. Savant Capital LLC now owns 11,781 shares of the company’s stock worth $532,000 after purchasing an additional 953 shares during the period. Finally, Ballentine Partners LLC raised its stake in Campbell Soup by 12.6% during the 2nd quarter. Ballentine Partners LLC now owns 8,768 shares of the company’s stock valued at $396,000 after buying an additional 984 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Price Performance

NASDAQ:CPB opened at $40.50 on Tuesday. The stock has a market cap of $12.07 billion, a PE ratio of 22.13, a P/E/G ratio of 2.96 and a beta of 0.19. 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’s 50-day simple moving average is $43.85 and its two-hundred day simple moving average is $46.66. Campbell Soup has a 52 week low of $40.26 and a 52 week high of $52.81.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 3.85%. Campbell Soup’s payout ratio is currently 85.25%.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated 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 directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CPB has been the topic of a number of research reports. Barclays dropped their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, September 20th. Citigroup reduced their price target on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Stifel Nicolaus dropped their price objective on shares of Campbell Soup from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 5th. Finally, Wells Fargo & Company reduced their target price on shares of Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $50.92.

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.