Corient Private Wealth LLC Has $1.29 Million Stake in The Campbell Soup Company (NASDAQ:CPB)

Corient Private Wealth LLC lessened its position in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 70.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,828 shares of the company's stock after selling 74,718 shares during the quarter. Corient Private Wealth LLC's holdings in Campbell Soup were worth $1,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPB. Charles Schwab Investment Management Inc. grew its stake in shares of Campbell Soup by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company's stock worth $86,375,000 after acquiring an additional 12,822 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in Campbell Soup by 43.8% in the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company's stock valued at $451,000 after purchasing an additional 2,809 shares during the period. Swedbank AB grew its position in Campbell Soup by 49.3% in the 3rd quarter. Swedbank AB now owns 350,764 shares of the company's stock worth $17,159,000 after purchasing an additional 115,794 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Campbell Soup by 72.2% during the 3rd quarter. Larson Financial Group LLC now owns 7,295 shares of the company's stock worth $357,000 after purchasing an additional 3,059 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Campbell Soup by 32.8% during the third quarter. Daiwa Securities Group Inc. now owns 28,312 shares of the company's stock valued at $1,385,000 after buying an additional 6,985 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stephens reissued an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. DA Davidson lowered their price objective on Campbell Soup from $46.00 to $39.00 and set a "neutral" rating on the stock 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 for the company in a research note on Thursday, March 6th. Jefferies Financial Group decreased their price target on shares of Campbell Soup from $42.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday, March 5th. Finally, Morgan Stanley began coverage on shares of Campbell Soup in a report on Monday, March 24th. They set an "equal weight" rating and a $40.00 price objective for the company. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have given 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 $44.86.

Campbell Soup Trading Up 0.4 %

CPB stock traded up $0.14 during midday trading on Friday, reaching $39.72. The company's stock had a trading volume of 2,014,581 shares, compared to its average volume of 2,705,660. The business's 50-day simple moving average is $39.08 and its 200-day simple moving average is $43.03. 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 52 week low of $36.92 and a 52 week high of $52.81. The stock has a market cap of $11.84 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS 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 business had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.74 billion. Campbell Soup's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts expect that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.93%. The ex-dividend date is Thursday, April 3rd. Campbell Soup's payout ratio is 90.17%.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 20.19% of the company's stock.

Campbell Soup 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.