ExodusPoint Capital Management LP Boosts Stock Position in The Campbell Soup Company (NASDAQ:CPB)

ExodusPoint Capital Management LP boosted its position in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 698,748 shares of the company's stock after buying an additional 179,676 shares during the period. ExodusPoint Capital Management LP owned approximately 0.23% of Campbell Soup worth $29,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPB. Geode Capital Management LLC boosted its stake in shares of Campbell Soup by 1.1% in 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 during the last quarter. Rodgers Brothers Inc. lifted its holdings in Campbell Soup by 1.8% in the fourth quarter. Rodgers Brothers Inc. now owns 28,000 shares of the company's stock valued at $1,173,000 after acquiring an additional 504 shares during the period. Alliancebernstein L.P. boosted its position in Campbell Soup by 19.8% in the 4th quarter. Alliancebernstein L.P. now owns 441,221 shares of the company's stock worth $18,478,000 after purchasing an additional 72,801 shares in the last quarter. Physician Wealth Advisors Inc. acquired a new stake in shares of Campbell Soup during the 4th quarter worth approximately $47,000. Finally, California Public Employees Retirement System lifted its stake in shares of Campbell Soup by 1.2% in the 4th quarter. California Public Employees Retirement System now owns 907,798 shares of the company's stock valued at $38,019,000 after purchasing an additional 10,580 shares during the period. Institutional investors and hedge funds own 52.35% of the company's stock.

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Campbell Soup Price Performance

CPB traded down $0.14 on Tuesday, reaching $37.96. 1,050,471 shares of the company's stock were exchanged, compared to its average volume of 2,727,775. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The stock has a market cap of $11.32 billion, a PE ratio of 20.73, a P/E/G ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock's fifty day moving average price is $39.12 and its 200-day moving average price is $42.50.

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, topping the consensus estimate of $0.73 by $0.01. The business had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The firm's quarterly revenue was up 9.3% on a year-over-year basis. Sell-side analysts expect that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.11%. Campbell Soup's dividend payout ratio is currently 90.17%.

Analyst Ratings Changes

CPB has been the topic of several analyst reports. JPMorgan Chase & Co. lowered shares of Campbell Soup from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. DA Davidson dropped their target price 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. Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell Soup in a report on Monday, March 17th. BNP Paribas upgraded Campbell Soup to a "strong sell" rating in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group reduced their target price on Campbell Soup from $42.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday, March 5th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $44.86.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Charles A. Brawley III sold 2,498 shares of Campbell Soup stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the sale, the executive vice president now directly owns 37,590 shares in the company, valued at $1,504,727.70. This trade represents a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.19% 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.