Swiss National Bank Trims Stock Position in The Campbell Soup Company (NASDAQ:CPB)

Swiss National Bank decreased its position in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 546,500 shares of the company's stock after selling 27,200 shares during the quarter. Swiss National Bank owned 0.18% of Campbell Soup worth $22,887,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CPB. EverSource Wealth Advisors LLC increased its stake in Campbell Soup by 635.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,539 shares of the company's stock worth $148,000 after buying an additional 3,058 shares during the period. HighTower Advisors LLC increased its position in shares of Campbell Soup by 25.3% during the fourth quarter. HighTower Advisors LLC now owns 18,594 shares of the company's stock worth $779,000 after acquiring an additional 3,755 shares during the period. Moors & Cabot Inc. raised its stake in shares of Campbell Soup by 9.6% in the fourth quarter. Moors & Cabot Inc. now owns 11,460 shares of the company's stock valued at $480,000 after acquiring an additional 1,000 shares in the last quarter. AlphaQuest LLC purchased a new position in Campbell Soup in the fourth quarter valued at $207,000. Finally, Amundi grew its stake in Campbell Soup by 23.9% during the 4th quarter. Amundi now owns 1,958,238 shares of the company's stock worth $76,823,000 after purchasing an additional 377,307 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 20.19% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CPB shares. BNP Paribas upgraded Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. Barclays decreased their price target on shares of Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a research note on Friday, December 6th. Stephens reissued an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Jefferies Financial Group decreased their price objective on shares of Campbell Soup from $42.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday, March 5th. Finally, Bank of America dropped their target price on Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $45.23.

Campbell Soup Stock Performance

NASDAQ CPB traded up $0.10 during trading on Friday, reaching $38.08. The company's stock had a trading volume of 10,776,259 shares, compared to its average volume of 2,621,906. The business's fifty day moving average price is $39.07 and its 200-day moving average price is $43.61. 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 firm has a market cap of $11.35 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81.

Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. The company's revenue was up 9.3% on a year-over-year basis. As a group, analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently declared 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 of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.10%. Campbell Soup's dividend payout ratio (DPR) is presently 90.17%.

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.