The Campbell Soup Company (NASDAQ:CPB) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 519,165 shares of the company's stock after selling 31,321 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.17% of Campbell Soup worth $21,743,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp lifted its stake in Campbell Soup by 3.1% in the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company's stock valued at $491,581,000 after buying an additional 298,203 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company's stock worth $256,827,000 after purchasing an additional 322,951 shares during the period. Franklin Resources Inc. lifted its stake in shares of Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock worth $91,623,000 after purchasing an additional 1,792,005 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Campbell Soup by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company's stock worth $86,375,000 after purchasing an additional 12,822 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Campbell Soup by 88.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company's stock worth $58,342,000 after purchasing an additional 558,944 shares during the period. Hedge funds and other institutional investors own 52.35% of the company's stock.

Wall Street Analyst Weigh In

CPB has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $51.00 price target on shares of Campbell Soup in a research note on Monday, December 2nd. 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 note on Friday, December 6th. Stephens reaffirmed an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. DA Davidson reaffirmed a "neutral" rating and issued a $51.00 target price on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus lowered 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $50.17.

Campbell Soup Stock Down 0.0 %

Shares of CPB stock traded down $0.01 during trading hours on Friday, hitting $38.60. 2,270,851 shares of the company were exchanged, compared to its average volume of 2,935,339. 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 Campbell Soup Company has a one year low of $36.92 and a one year high of $52.81. The business's 50-day simple moving average is $40.06 and its two-hundred day simple moving average is $45.18. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 2.59 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Sell-side analysts predict that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were issued a $0.39 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 4.04%. This is a boost from Campbell Soup's previous quarterly dividend of $0.37. Campbell Soup's dividend payout ratio (DPR) is currently 85.25%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares of the company's stock, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 20.19% of the stock is currently owned by corporate insiders.

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.