Sei Investments Co. Sells 34,270 Shares of The Campbell Soup Company (NASDAQ:CPB)

Sei Investments Co. decreased its position in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 25.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 99,531 shares of the company's stock after selling 34,270 shares during the period. Sei Investments Co.'s holdings in Campbell Soup were worth $4,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CPB. Franklin Resources Inc. lifted its position 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 worth $91,623,000 after buying an additional 1,792,005 shares in the last quarter. Handelsbanken Fonder AB boosted its position in Campbell Soup by 161.8% during the fourth quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company's stock valued at $7,801,000 after purchasing an additional 115,122 shares during the last quarter. ING Groep NV acquired a new stake in Campbell Soup during the fourth quarter valued at $1,062,000. Hussman Strategic Advisors Inc. grew 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 purchasing an additional 84,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Campbell Soup by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company's stock worth $74,860,000 after purchasing 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 Stock Performance

Campbell Soup stock traded down $0.70 during mid-day trading on Monday, reaching $38.09. The company had a trading volume of 4,571,617 shares, compared to its average volume of 2,735,473. The company has a 50 day moving average of $39.12 and a 200-day moving average of $42.50. The Campbell Soup Company has a 52 week low of $36.92 and a 52 week 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 $11.36 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB - Get Free Report) last released its earnings results 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. 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 analysts' expectations of $2.74 billion. The business's revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 dividend payout ratio (DPR) is currently 90.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price target on Campbell Soup from $47.00 to $40.00 and set a "hold" rating for the company in a report on Friday, January 24th. Jefferies Financial Group dropped their price target on shares of Campbell Soup from $42.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday, March 5th. Consumer Edge restated an "equal weight" rating on shares of Campbell Soup in a report on Monday, March 17th. Wells Fargo & Company decreased their price objective on shares of Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. Finally, BNP Paribas raised shares of Campbell Soup to a "strong sell" rating in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Campbell Soup currently has a consensus rating of "Hold" and an average price target of $44.86.

Insiders Place Their Bets

In other Campbell Soup 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 sale, the executive vice president now directly owns 37,590 shares of the company's stock, valued at approximately $1,504,727.70. The trade was a 6.23 % 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. Corporate insiders own 20.19% of the company's stock.

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.