Lifeworks Advisors LLC Increases Stake in The Campbell Soup Company (NASDAQ:CPB)

Lifeworks Advisors LLC boosted its position in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 23.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 172,211 shares of the company's stock after acquiring an additional 32,682 shares during the period. Campbell Soup accounts for approximately 1.3% of Lifeworks Advisors LLC's portfolio, making the stock its 16th largest holding. Lifeworks Advisors LLC owned approximately 0.06% of Campbell Soup worth $7,212,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Campbell Soup by 3.1% in the third quarter. State Street Corp now owns 10,048,679 shares of the company's stock worth $491,581,000 after acquiring an additional 298,203 shares during the period. Van ECK Associates Corp boosted its stake in Campbell Soup by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company's stock worth $387,273,000 after purchasing an additional 531,281 shares during the period. Geode Capital Management LLC grew its holdings in Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company's stock valued at $256,827,000 after buying an additional 322,951 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Campbell Soup by 4.9% during the fourth quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company's stock valued at $177,487,000 after buying an additional 199,470 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Campbell Soup by 1,593.8% in the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock worth $91,623,000 after buying an additional 1,792,005 shares in the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America decreased their target price on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a report on Thursday. Stifel Nicolaus decreased their price target on shares of Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Jefferies Financial Group lowered their price objective on Campbell Soup from $42.00 to $40.00 and set a "hold" rating on the stock in a research report on Wednesday. Wells Fargo & Company reduced their target price on Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Four 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. Based on data from MarketBeat.com, Campbell Soup has an average rating of "Hold" and a consensus price target of $46.36.

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Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm's 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 sale, the executive vice president now directly owns 16,551 shares of the company's stock, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.19% of the stock is currently owned by company insiders.

Campbell Soup Price Performance

Shares of Campbell Soup stock opened at $41.81 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81. The company has a fifty day moving average of $39.39 and a 200-day moving average of $44.36. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. The firm 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%. Campbell Soup's revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts expect that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Thursday, April 3rd. Campbell Soup's payout ratio is 85.25%.

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.

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