LPL Financial LLC grew its stake in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 33.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,515 shares of the company's stock after purchasing an additional 27,281 shares during the quarter. LPL Financial LLC's holdings in Campbell Soup were worth $4,545,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sherman Asset Management Inc. purchased a new stake in Campbell Soup during the 4th quarter valued at $36,000. Principal Securities Inc. raised its stake 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 acquiring an additional 290 shares during the last quarter. Kentucky Trust Co purchased a new stake in shares of Campbell Soup during the fourth quarter worth about $42,000. Quent Capital LLC boosted its holdings in shares of Campbell Soup by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company's stock worth $46,000 after purchasing an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Campbell Soup in the fourth quarter worth about $47,000. Institutional investors own 52.35% of the company's stock.
Campbell Soup Stock Down 1.7 %
Shares of Campbell Soup stock traded down $0.66 during midday trading on Tuesday, hitting $38.22. The company had a trading volume of 333,074 shares, compared to its average volume of 2,750,471. The Campbell Soup Company has a 52-week low of $36.02 and a 52-week high of $52.81. 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 stock has a market capitalization of $11.40 billion, a P/E ratio of 20.89, a P/E/G ratio of 2.71 and a beta of 0.19. The company has a 50 day moving average of $39.03 and a 200 day moving average of $41.96.
Campbell Soup (NASDAQ:CPB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping 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 quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.
Campbell Soup Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 4.08%. Campbell Soup's dividend payout ratio (DPR) is presently 90.17%.
Analysts Set New Price Targets
CPB has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. BNP Paribas upgraded Campbell Soup to a "strong sell" rating in a report on Wednesday, February 26th. Jefferies Financial Group cut their price target on shares of Campbell Soup from $42.00 to $40.00 and set a "hold" rating on the stock in a report on Wednesday, March 5th. Consumer Edge restated an "equal weight" rating on shares of Campbell Soup in a report on Monday, March 17th. Finally, Royal Bank of Canada dropped 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 research report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $44.86.
Read Our Latest Research Report on CPB
Insider Transactions at Campbell Soup
In other news, EVP Charles A. Brawley III sold 2,498 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the transaction, the executive vice president now directly owns 37,590 shares of the company's stock, valued at $1,504,727.70. This represents a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 20.19% of the company's stock.
Campbell Soup Company Profile
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Free Report)
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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