Insider Selling: The Campbell Soup Company (NASDAQ:CPB) EVP Sells 2,498 Shares of Stock

The Campbell Soup Company (NASDAQ:CPB - Get Free Report) EVP Charles A. Brawley III sold 2,498 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the sale, the executive vice president now owns 37,590 shares of the company's stock, valued at $1,504,727.70. The trade was a 6.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Campbell Soup Stock Performance

Shares of CPB stock traded down $0.70 on Monday, hitting $38.09. The company had a trading volume of 4,570,786 shares, compared to its average volume of 2,735,470. 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 Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The company has a 50-day moving average price of $39.16 and a 200-day moving average price of $42.59. The firm has a market cap of $11.36 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Campbell Soup's quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

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Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup's payout ratio is currently 90.17%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley started coverage on shares of Campbell Soup in a research report on Monday, March 24th. They set an "equal weight" rating and a $40.00 target price on the stock. DA Davidson reduced their price target on Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Bank of America cut their target price on Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a research note on Thursday, March 6th. Consumer Edge restated an "equal weight" rating on shares of Campbell Soup in a report on Monday, March 17th. Finally, 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. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Campbell Soup has a consensus rating of "Hold" and a consensus price target of $44.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Campbell Soup by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company's stock worth $989,440,000 after purchasing an additional 447,203 shares in the last quarter. State Street Corp lifted its position in shares of Campbell Soup by 3.1% in the third quarter. State Street Corp now owns 10,048,679 shares of the company's stock valued at $491,581,000 after acquiring an additional 298,203 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Campbell Soup by 6.1% during the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company's stock worth $387,273,000 after purchasing an additional 531,281 shares in the last quarter. Beutel Goodman & Co Ltd. lifted its holdings in Campbell Soup by 0.5% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company's stock valued at $290,034,000 after purchasing an additional 35,160 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Campbell Soup by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company's stock worth $222,420,000 after buying an additional 57,717 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell Soup Company Profile

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.