Exchange Traded Concepts LLC Has $256,000 Position in The Campbell Soup Company (NASDAQ:CPB)

Exchange Traded Concepts LLC lessened its stake in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 75.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,109 shares of the company's stock after selling 18,478 shares during the quarter. Exchange Traded Concepts LLC's holdings in Campbell Soup were worth $256,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CPB. Point72 Asia Singapore Pte. Ltd. bought a new position in Campbell Soup in the second quarter valued at approximately $32,000. nVerses Capital LLC bought a new stake in Campbell Soup in the 3rd quarter valued at $34,000. Ashton Thomas Securities LLC acquired a new position in Campbell Soup in the 3rd quarter worth $39,000. Friedenthal Financial bought a new position in Campbell Soup during the 3rd quarter worth about $48,000. Finally, Farther Finance Advisors LLC increased its holdings in Campbell Soup by 45.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company's stock worth $87,000 after purchasing an additional 552 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell Soup Stock Performance

Shares of CPB traded down $0.68 during midday trading on Tuesday, reaching $37.45. 3,318,906 shares of the stock were exchanged, compared to its average volume of 3,026,113. 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 stock's 50 day simple moving average is $41.16 and its 200 day simple moving average is $45.67. The Campbell Soup Company has a twelve month low of $37.16 and a twelve month high of $52.81. The company has a market cap of $11.16 billion, a P/E ratio of 20.46, a PEG ratio of 2.67 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. On average, sell-side analysts expect that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. Campbell Soup's dividend payout ratio (DPR) is 85.25%.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 16,551 shares of the company's stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 20.19% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CPB. DA Davidson reaffirmed a "neutral" rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Wednesday, December 4th. Citigroup reduced their price target on Campbell Soup from $44.00 to $41.00 and set a "sell" rating for the company in a research report on Thursday, December 5th. Stephens reiterated an "overweight" rating on shares of Campbell Soup in a report on Wednesday, December 4th. Wells Fargo & Company reduced their target price on shares of Campbell Soup from $45.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Finally, Barclays decreased their target price on shares of Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Campbell Soup has an average rating of "Hold" and an average target price of $50.17.

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.