Sciencast Management LP Takes Position in The Campbell Soup Company (NASDAQ:CPB)

Sciencast Management LP bought a new position in The Campbell Soup Company (NASDAQ:CPB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 24,983 shares of the company's stock, valued at approximately $1,046,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPB. Ballentine Partners LLC raised its stake in Campbell Soup by 2.8% in the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock worth $404,000 after buying an additional 262 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after purchasing an additional 290 shares during the last quarter. SPC Financial Inc. boosted its position in Campbell Soup by 2.3% during the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock valued at $569,000 after purchasing an additional 300 shares in the last quarter. Ascent Wealth Partners LLC grew its stake in Campbell Soup by 1.5% in the fourth quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock valued at $845,000 after purchasing an additional 306 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Campbell Soup by 4.3% during the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company's stock valued at $323,000 after buying an additional 319 shares during the last quarter. Institutional investors own 52.35% of the company's stock.

Campbell Soup Stock Performance

Shares of CPB stock traded up $0.25 on Tuesday, hitting $38.30. The company had a trading volume of 1,530,954 shares, compared to its average volume of 2,626,344. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. 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 firm has a market cap of $11.42 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The company has a 50-day moving average price of $39.06 and a 200-day moving average price of $43.32.

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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 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%. The company's revenue was up 9.3% compared to the same quarter last year. As a group, equities 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. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 4.07%. Campbell Soup's dividend payout ratio (DPR) is currently 90.17%.

Insider Buying and Selling at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares of the company's stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.19% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CPB. BNP Paribas raised shares of Campbell Soup to a "strong sell" rating in a research report on Wednesday, February 26th. Barclays reduced their price target on Campbell Soup from $49.00 to $46.00 and set an "underweight" rating on the stock in a research report on Friday, December 6th. Consumer Edge reissued an "equal weight" rating on shares of Campbell Soup in a research report on Monday, March 17th. Jefferies Financial Group reduced their target price on Campbell Soup from $42.00 to $40.00 and set a "hold" rating on the stock in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada lowered their price target on Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating for the company in a report on Thursday, March 6th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Campbell Soup has an average rating of "Hold" and a consensus target price of $44.86.

Campbell Soup Company 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.