Proficio Capital Partners LLC Invests $1.66 Million in The Campbell Soup Company (NASDAQ:CPB)

Proficio Capital Partners LLC acquired a new stake in The Campbell Soup Company (NASDAQ:CPB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 39,744 shares of the company's stock, valued at approximately $1,664,000.

Several other large investors also recently made changes to their positions in the stock. Franklin Resources Inc. raised its stake in Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock valued at $91,623,000 after acquiring an additional 1,792,005 shares during the period. Raymond James Trust N.A. raised its stake in Campbell Soup by 43.8% in the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company's stock valued at $451,000 after acquiring an additional 2,809 shares during the period. Handelsbanken Fonder AB raised its stake in Campbell Soup by 161.8% in the 4th quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company's stock valued at $7,801,000 after acquiring an additional 115,122 shares during the period. ING Groep NV bought a new stake in Campbell Soup in the 4th quarter valued at $1,062,000. Finally, Hussman Strategic Advisors Inc. raised its stake in Campbell Soup by 133.3% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock valued at $6,156,000 after acquiring an additional 84,000 shares during the period. Institutional investors and hedge funds own 52.35% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CPB. Jefferies Financial Group dropped their price target on Campbell Soup from $42.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday. Wells Fargo & Company lowered their price objective on Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Thursday. Stifel Nicolaus lowered their price objective on Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Stephens reiterated an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Citigroup lowered their price objective on Campbell Soup from $39.00 to $37.00 and set a "sell" rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Campbell Soup has a consensus rating of "Hold" and an average target price of $46.36.

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Campbell Soup Price Performance

NASDAQ:CPB traded up $2.02 during trading hours on Friday, hitting $41.81. The company's stock had a trading volume of 6,629,049 shares, compared to its average volume of 2,566,800. The stock has a fifty day simple moving average of $39.39 and a 200-day simple moving average of $44.31. The company has a market capitalization of $12.47 billion, a P/E ratio of 22.85, a PEG ratio of 2.71 and a beta of 0.15. 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 Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81.

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

Campbell Soup Dividend Announcement

The firm also recently disclosed 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 yield of 3.73%. The ex-dividend date is Thursday, April 3rd. Campbell Soup's dividend payout ratio (DPR) is presently 90.17%.

Insider Activity at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the business'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 sale, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.19% of the stock is currently owned by insiders.

About Campbell Soup

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.