Proficio Capital Partners LLC Buys New Holdings in The Campbell Soup Company (NASDAQ:CPB)

Proficio Capital Partners LLC acquired a new position in The Campbell Soup Company (NASDAQ:CPB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 39,744 shares of the company's stock, valued at approximately $1,664,000.

A number of other institutional investors have also added to or reduced their stakes in CPB. Sherman Asset Management Inc. bought a new position in Campbell Soup in the fourth quarter worth $36,000. Principal Securities Inc. raised its holdings in Campbell Soup by 45.5% in 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 bought a new position in Campbell Soup in the fourth quarter worth $42,000. Quent Capital LLC raised its holdings in Campbell Soup by 77.7% in 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 in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Campbell Soup in the fourth quarter worth $47,000. Institutional investors own 52.35% of the company's stock.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup 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 transaction, the executive vice president now directly owns 16,551 shares of the company's stock, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.19% of the company's stock.

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Campbell Soup Stock Performance

NASDAQ:CPB traded up $0.10 on Friday, hitting $38.08. The stock had a trading volume of 10,776,259 shares, compared to its average volume of 2,625,142. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The business's 50-day simple moving average is $39.07 and its two-hundred day simple moving average is $43.47. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81.

Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The business 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 was up 9.3% compared to the same quarter last year. As a group, research analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Dividend Announcement

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 given a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 4.10%. Campbell Soup's payout ratio is 90.17%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CPB shares. Stephens restated an "overweight" rating on shares of Campbell Soup in a report on Wednesday, December 4th. BNP Paribas upgraded Campbell Soup to a "strong sell" rating in a report on Wednesday, February 26th. Barclays reduced their price target on Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a report on Friday, December 6th. Bank of America reduced their price target on Campbell Soup from $45.00 to $41.00 and set an "underperform" rating for the company in a report on Thursday, March 6th. Finally, Wells Fargo & Company reduced their price target on Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $45.23.

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.