JPMorgan Chase & Co. Has $37.67 Million Position in The Campbell Soup Company (NASDAQ:CPB)

JPMorgan Chase & Co. cut its stake in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 25.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 899,443 shares of the company's stock after selling 306,130 shares during the period. JPMorgan Chase & Co. owned approximately 0.30% of Campbell Soup worth $37,669,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC boosted its stake in Campbell Soup by 34.2% during the 3rd quarter. FMR LLC now owns 165,494 shares of the company's stock valued at $8,096,000 after purchasing an additional 42,216 shares in the last quarter. Townsquare Capital LLC bought a new position in Campbell Soup during the third quarter valued at about $223,000. Public Sector Pension Investment Board boosted its stake in Campbell Soup by 15.4% during the third quarter. Public Sector Pension Investment Board now owns 9,009 shares of the company's stock valued at $441,000 after buying an additional 1,200 shares in the last quarter. Hilltop Holdings Inc. bought a new stake in Campbell Soup in the third quarter worth about $219,000. Finally, Investment Management Corp of Ontario bought a new stake in Campbell Soup in the third quarter worth about $315,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Insider Activity at Campbell Soup

In related news, EVP Charles A. Brawley III sold 2,498 shares of Campbell Soup stock in a transaction 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 approximately $1,504,727.70. The trade was a 6.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 20.19% of the stock is currently owned by company insiders.

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Campbell Soup Stock Up 1.0 %

Campbell Soup stock traded up $0.36 during trading hours on Friday, hitting $38.14. The company had a trading volume of 4,110,969 shares, compared to its average volume of 2,757,593. The Campbell Soup Company has a fifty-two week low of $36.02 and a fifty-two week high of $52.81. 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 firm has a market capitalization of $11.37 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The firm's fifty day moving average is $38.99 and its 200-day moving average is $42.16.

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

Campbell Soup Dividend Announcement

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 annualized dividend and a dividend yield of 4.09%. Campbell Soup's dividend payout ratio is 90.17%.

Wall Street Analyst Weigh In

CPB has been the topic of several recent research reports. BNP Paribas raised shares of Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. Morgan Stanley began coverage on shares of Campbell Soup in a research report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 price target on the stock. Citigroup cut their price objective on Campbell Soup from $39.00 to $37.00 and set a "sell" rating for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. lowered Campbell Soup from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Finally, Royal Bank of Canada cut their target price on Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $44.86.

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.