Sequoia Financial Advisors LLC Has $410,000 Stake in The Campbell Soup Company (NASDAQ:CPB)

Sequoia Financial Advisors LLC reduced its stake in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 87.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,792 shares of the company's stock after selling 65,346 shares during the period. Sequoia Financial Advisors LLC's holdings in Campbell Soup were worth $410,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Atria Investments Inc grew its stake in shares of Campbell Soup by 10.7% in the third quarter. Atria Investments Inc now owns 5,600 shares of the company's stock valued at $274,000 after buying an additional 541 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Campbell Soup by 6.7% during the 3rd quarter. CIBC Asset Management Inc now owns 36,487 shares of the company's stock worth $1,785,000 after buying an additional 2,277 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Campbell Soup by 5.2% during the 3rd quarter. Natixis Advisors LLC now owns 45,001 shares of the company's stock worth $2,201,000 after buying an additional 2,205 shares during the period. Pathstone Holdings LLC raised its holdings in Campbell Soup by 2.3% in the 3rd quarter. Pathstone Holdings LLC now owns 59,290 shares of the company's stock valued at $2,900,000 after acquiring an additional 1,341 shares during the period. Finally, Caprock Group LLC lifted its position in Campbell Soup by 53.4% during the third quarter. Caprock Group LLC now owns 10,270 shares of the company's stock worth $502,000 after acquiring an additional 3,573 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts have recently commented on CPB shares. JPMorgan Chase & Co. downgraded Campbell Soup from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. Royal Bank of Canada lowered their target price on Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 6th. BNP Paribas upgraded Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. Stifel Nicolaus lowered their target price on Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Finally, DA Davidson lowered their target price on Campbell Soup from $46.00 to $39.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $45.23.

Campbell Soup Trading Up 0.3 %

Shares of CPB stock traded up $0.10 during mid-day trading on Friday, hitting $38.08. The company's stock had a trading volume of 10,776,259 shares, compared to its average volume of 2,622,987. The Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81. The company has a market cap of $11.35 billion, a PE ratio of 20.81, a P/E/G ratio of 2.71 and a beta of 0.15. The company's fifty day simple moving average is $39.07 and its 200-day simple moving average is $43.53. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

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

Campbell Soup Announces Dividend

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

Insider Activity at Campbell Soup

In other Campbell Soup 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 completion of the transaction, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 20.19% of the stock is currently 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.