The Campbell Soup Company (NASDAQ:CPB) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB lowered its position in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 81.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 78,792 shares of the company's stock after selling 342,763 shares during the period. AMF Tjanstepension AB's holdings in Campbell Soup were worth $3,314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPB. Franklin Resources Inc. grew 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 in the last quarter. Raymond James Trust N.A. boosted its stake in Campbell Soup by 43.8% during the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company's stock worth $451,000 after buying an additional 2,809 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Campbell Soup by 161.8% in the 4th quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company's stock valued at $7,801,000 after buying an additional 115,122 shares in the last quarter. ING Groep NV acquired a new stake in shares of Campbell Soup in the 4th quarter worth $1,062,000. Finally, Hussman Strategic Advisors Inc. raised its holdings in shares of Campbell Soup by 133.3% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock worth $6,156,000 after acquiring an additional 84,000 shares during the period. Institutional investors and hedge funds own 52.35% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms recently issued reports on CPB. JPMorgan Chase & Co. cut shares of Campbell Soup from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $48.00 to $37.00 in a research report on Thursday, March 6th. DA Davidson cut their price target on shares of Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday. Bank of America decreased their price objective on Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company cut their target price on 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. Finally, BNP Paribas raised Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $45.50.

Campbell Soup Stock Down 3.5 %

Shares of NASDAQ CPB traded down $1.38 during midday trading on Wednesday, hitting $38.58. The company's stock had a trading volume of 3,799,531 shares, compared to its average volume of 2,588,604. 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 firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The business's fifty day simple moving average is $39.36 and its two-hundred day simple moving average is $44.08. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81.

Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts' expectations of $2.74 billion. The business's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 4.04%. Campbell Soup's dividend payout ratio (DPR) is 90.17%.

Insider Buying and Selling at Campbell Soup

In related 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 transaction of $83,800.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.