Signaturefd LLC Sells 6,868 Shares of The Campbell Soup Company (NASDAQ:CPB)

Signaturefd LLC lessened its stake in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 41.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,731 shares of the company's stock after selling 6,868 shares during the quarter. Signaturefd LLC's holdings in Campbell Soup were worth $408,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cibc World Markets Corp boosted its stake in Campbell Soup by 14.8% during the 4th quarter. Cibc World Markets Corp now owns 76,898 shares of the company's stock valued at $3,220,000 after purchasing an additional 9,937 shares during the last quarter. Jensen Investment Management Inc. boosted its stake in shares of Campbell Soup by 3.5% in the 4th quarter. Jensen Investment Management Inc. now owns 129,428 shares of the company's stock worth $5,420,000 after buying an additional 4,400 shares during the last quarter. Brandes Investment Partners LP grew its holdings in shares of Campbell Soup by 12.0% in the fourth quarter. Brandes Investment Partners LP now owns 16,495 shares of the company's stock valued at $691,000 after acquiring an additional 1,772 shares in the last quarter. LBP AM SA bought a new stake in Campbell Soup during the fourth quarter worth $8,085,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Campbell Soup by 16.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 77,260 shares of the company's stock worth $3,236,000 after acquiring an additional 10,914 shares during the period. Institutional investors own 52.35% of the company's stock.

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Insider Buying and Selling at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm'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 transaction, the executive vice president now directly owns 16,551 shares of the company's stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 20.19% of the company's stock.

Campbell Soup Price Performance

Campbell Soup stock traded up $0.13 during midday trading on Tuesday, hitting $38.18. 2,710,981 shares of the company's stock were exchanged, compared to its average volume of 3,431,763. The company has a market cap of $11.38 billion, a P/E ratio of 20.86, a PEG ratio of 2.71 and a beta of 0.15. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The stock has a 50-day moving average price of $39.06 and a two-hundred day moving average price of $43.32. 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, beating the consensus estimate of $0.73 by $0.01. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Campbell Soup's revenue was up 9.3% on a year-over-year basis. On average, equities research analysts forecast 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. Investors of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.09%. Campbell Soup's dividend payout ratio is presently 90.17%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CPB. Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell Soup in a research report on Monday, March 17th. Citigroup reduced their target price on shares of Campbell Soup from $39.00 to $37.00 and set a "sell" rating for the company in a research report on Thursday, March 6th. Bank of America dropped their price objective on Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a research note on Thursday, March 6th. Stephens restated an "overweight" rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada cut their price target on Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, March 6th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently 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.