Quantbot Technologies LP Has $2.36 Million Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

Quantbot Technologies LP cut its holdings in The Campbell Soup Company (NASDAQ:CPB) by 50.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 56,430 shares of the company’s stock after selling 58,459 shares during the quarter. Quantbot Technologies LP’s holdings in Campbell Soup were worth $2,363,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CPB. Franklin Resources Inc. raised its position in shares of Campbell Soup by 1,593.8% in the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after purchasing an additional 1,792,005 shares during the period. Van ECK Associates Corp raised 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 valued at $387,273,000 after purchasing an additional 531,281 shares during the period. Raymond James Financial Inc. bought a new position in shares of Campbell Soup in the fourth quarter valued at approximately $21,312,000. Amundi raised its position in shares of Campbell Soup by 23.9% in the fourth quarter. Amundi now owns 1,958,238 shares of the company’s stock valued at $76,823,000 after purchasing an additional 377,307 shares during the period. Finally, Galvin Gaustad & Stein LLC bought a new position in shares of Campbell Soup in the fourth quarter valued at approximately $14,769,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of recent analyst reports. Citigroup dropped their price target on shares of Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a research report on Thursday, March 6th. Consumer Edge reaffirmed an “equal weight” rating on shares of Campbell Soup in a research report on Monday, March 17th. DA Davidson dropped their target price on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Barclays dropped their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Finally, Stifel Nicolaus dropped their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.23.

Campbell Soup Trading Up 0.3 %

Shares of Campbell Soup stock opened at $38.08 on Monday. The firm has a market capitalization of $11.35 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The company’s fifty day moving average price is $39.07 and its two-hundred day moving average price is $43.42. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81.

Campbell Soup (NASDAQ:CPB) last issued its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating 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 company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts expect that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.10%. Campbell Soup’s dividend payout ratio is presently 90.17%.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were 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 in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 20.19% of the stock is owned by corporate insiders.

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.