Northwest & Ethical Investments L.P. Sells 26,340 Shares of The Campbell Soup Company (NASDAQ:CPB)

Northwest & Ethical Investments L.P. reduced its stake in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 60.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,188 shares of the company's stock after selling 26,340 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Campbell Soup were worth $720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sherman Asset Management Inc. acquired a new position in Campbell Soup in the fourth quarter valued at about $36,000. Principal Securities Inc. boosted its position in shares of Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after purchasing an additional 290 shares in the last quarter. Kentucky Trust Co acquired a new stake in Campbell Soup during the 4th quarter worth $42,000. Quent Capital LLC grew its stake in Campbell Soup by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company's stock valued at $46,000 after acquiring an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Campbell Soup during the fourth quarter worth about $47,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CPB. DA Davidson decreased their price objective on Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Stifel Nicolaus dropped their price target on shares of Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Citigroup lowered their price objective on shares of Campbell Soup from $39.00 to $37.00 and set a "sell" rating on the stock in a research note on Thursday, March 6th. Royal Bank of Canada cut 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 note on Thursday, March 6th. Finally, Morgan Stanley initiated coverage on Campbell Soup in a research report on Monday. They set an "equal weight" rating and a $40.00 price target on the stock. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $44.86.

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Campbell Soup Price Performance

Shares of NASDAQ CPB traded up $0.12 during mid-day trading on Tuesday, reaching $38.17. The company had a trading volume of 610,564 shares, compared to its average volume of 2,626,344. The Campbell Soup Company has a one year low of $36.92 and a one year 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 business's 50-day simple moving average is $39.06 and its 200 day simple moving average is $43.32. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.71 and a beta of 0.15.

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

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders 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 4.09%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup's dividend payout ratio is currently 90.17%.

Insider Buying and Selling

In other 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 transaction of $83,800.00. Following the completion of the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.19% of the stock is owned by corporate insiders.

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.