Charles A. Brawley III Sells 2,498 Shares of The Campbell Soup Company (NASDAQ:CPB) Stock

The Campbell Soup Company (NASDAQ:CPB) EVP Charles A. Brawley III sold 2,498 shares of Campbell Soup stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the sale, the executive vice president now directly owns 37,590 shares of the company’s stock, valued at approximately $1,504,727.70. This trade represents a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Campbell Soup Stock Down 1.2 %

Shares of CPB stock traded down $0.49 on Wednesday, hitting $39.41. 2,258,782 shares of the stock were exchanged, compared to its average volume of 2,716,857. The business has a 50-day moving average of $39.10 and a 200 day moving average of $42.92. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. The firm has a market capitalization of $11.75 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

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

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders 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 yield of 3.96%. Campbell Soup’s payout ratio is currently 90.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group decreased their target price on Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. DA Davidson reduced their price objective on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Wells Fargo & Company lowered their target price on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Citigroup reduced 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. Finally, Stifel Nicolaus lowered their price objective on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $44.86.

Institutional Investors Weigh In On Campbell Soup

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sherman Asset Management Inc. acquired a new stake in shares of Campbell Soup in the fourth quarter valued at about $36,000. Principal Securities Inc. grew its stake in Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares in the last quarter. Kentucky Trust Co acquired a new position in shares of Campbell Soup during the 4th quarter worth approximately $42,000. Quent Capital LLC raised its stake in shares of Campbell Soup by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after purchasing an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Campbell Soup in the 4th quarter valued at approximately $47,000. 52.35% of the stock is owned by institutional investors.

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.