LSV Asset Management Increases Position in The Campbell Soup Company (NASDAQ:CPB)

LSV Asset Management increased its holdings in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,983,700 shares of the company's stock after buying an additional 32,300 shares during the period. LSV Asset Management owned about 1.34% of Campbell Soup worth $166,837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its stake in 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 acquiring an additional 1,792,005 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Campbell Soup by 161.8% during the fourth quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company's stock worth $7,801,000 after purchasing an additional 115,122 shares in the last quarter. ING Groep NV purchased a new position in Campbell Soup in the fourth quarter valued at $1,062,000. Hussman Strategic Advisors Inc. raised its stake in Campbell Soup by 133.3% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock valued at $6,156,000 after buying an additional 84,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Campbell Soup by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company's stock worth $74,860,000 after buying an additional 21,849 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

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Campbell Soup Price Performance

Shares of NASDAQ:CPB traded down $1.10 on Tuesday, reaching $37.78. 1,034,644 shares of the company were exchanged, compared to its average volume of 2,753,261. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The Campbell Soup Company has a 1-year low of $36.02 and a 1-year high of $52.81. The company has a 50-day moving average of $39.03 and a 200-day moving average of $41.96. The firm has a market cap of $11.27 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its earnings results 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 company had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Campbell Soup's revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Thursday, April 3rd. Campbell Soup's dividend payout ratio (DPR) is presently 90.17%.

Insider Buying and Selling

In related news, EVP Charles A. Brawley III sold 2,498 shares of Campbell Soup stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 20.19% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CPB. Jefferies Financial Group reduced their price objective on shares of Campbell Soup from $42.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday, March 5th. Royal Bank of Canada cut their price target 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. Morgan Stanley started coverage on shares of Campbell Soup in a report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. Finally, BNP Paribas upgraded shares of Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Campbell Soup has a consensus rating of "Hold" and an average 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.