Credit Capital Investments LLC Purchases Shares of 7,900 The Campbell Soup Company (NASDAQ:CPB)

Credit Capital Investments LLC bought a new stake in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,900 shares of the company's stock, valued at approximately $331,000. Campbell Soup accounts for approximately 0.4% of Credit Capital Investments LLC's holdings, making the stock its 22nd largest position.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock worth $91,623,000 after purchasing an additional 1,792,005 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Campbell Soup by 43.8% in the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company's stock worth $451,000 after purchasing an additional 2,809 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Campbell Soup by 161.8% in the 4th quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company's stock worth $7,801,000 after purchasing an additional 115,122 shares during the last quarter. ING Groep NV acquired a new position in shares of Campbell Soup in the 4th quarter worth approximately $1,062,000. Finally, Hussman Strategic Advisors Inc. grew its stake in shares of Campbell Soup by 133.3% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock worth $6,156,000 after purchasing an additional 84,000 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company's stock.

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Wall Street Analysts Forecast Growth

CPB has been the topic of several recent research reports. Bank of America lowered their price objective on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a research note on Thursday, March 6th. Royal Bank of Canada decreased their target price on shares of Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating for the company in a report on Thursday, March 6th. Stifel Nicolaus decreased their target price on shares of Campbell Soup from $47.00 to $40.00 and set a "hold" rating for the company in a report on Friday, January 24th. BNP Paribas upgraded shares of Campbell Soup to a "strong sell" rating in a report on Wednesday, February 26th. Finally, DA Davidson decreased their target price on shares of Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $45.23.

Campbell Soup Stock Performance

Shares of NASDAQ:CPB traded up $0.10 during trading on Friday, reaching $38.08. The stock had a trading volume of 10,776,259 shares, compared to its average volume of 2,625,142. The Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 2.71 and a beta of 0.15. 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 has a fifty day simple moving average of $39.07 and a two-hundred day simple moving average of $43.42.

Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup's dividend payout ratio (DPR) is currently 90.17%.

Insider Buying and Selling

In other Campbell Soup 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 value of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares of the company's stock, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 20.19% of the stock is currently owned by insiders.

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.