The Campbell Soup Company (NASDAQ:CPB) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. raised its holdings in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 175.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,546 shares of the company's stock after acquiring an additional 30,940 shares during the quarter. Edgestream Partners L.P.'s holdings in Campbell Soup were worth $2,033,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Ballentine Partners LLC raised its stake in Campbell Soup by 2.8% during the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock valued at $404,000 after purchasing an additional 262 shares during the period. Principal Securities Inc. raised its position in shares of Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after buying an additional 290 shares during the last quarter. SPC Financial Inc. lifted its holdings in shares of Campbell Soup by 2.3% in the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock worth $569,000 after buying an additional 300 shares in the last quarter. Ascent Wealth Partners LLC lifted its holdings in shares of Campbell Soup by 1.5% in the fourth quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock worth $845,000 after buying an additional 306 shares in the last quarter. Finally, HB Wealth Management LLC boosted its position in shares of Campbell Soup by 4.3% during the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company's stock worth $323,000 after acquiring an additional 319 shares during the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have commented on CPB shares. BNP Paribas upgraded shares of Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. DA Davidson cut their price target on Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday. Wells Fargo & Company decreased their price objective on Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Bank of America cut their target price on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating for the company in a report on Thursday, March 6th. Finally, Barclays decreased their price target on shares of Campbell Soup from $49.00 to $46.00 and set an "underweight" rating on the stock in a research note on Friday, December 6th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $45.50.

Campbell Soup Trading Down 0.3 %

Shares of CPB stock traded down $0.11 on Thursday, reaching $38.47. 2,974,546 shares of the company's stock were exchanged, compared to its average volume of 2,591,745. The stock has a market capitalization of $11.47 billion, a PE ratio of 21.02, a P/E/G ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81. The company's fifty day simple moving average is $39.30 and its 200 day simple moving average is $44.04. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

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

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Thursday, April 3rd. Campbell Soup's dividend payout ratio (DPR) is presently 90.17%.

Insider Transactions at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares of the company's stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.19% of the company's stock.

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.