Savoir Faire Capital Management L.P. Has $9.55 Million Holdings in The Campbell Soup Company (NASDAQ:CPB)

Savoir Faire Capital Management L.P. boosted its holdings in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 226.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 228,057 shares of the company's stock after buying an additional 158,230 shares during the quarter. Campbell Soup makes up about 4.5% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its 6th largest holding. Savoir Faire Capital Management L.P. owned approximately 0.08% of Campbell Soup worth $9,551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. grew 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 valued at $91,623,000 after acquiring an additional 1,792,005 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Campbell Soup by 161.8% in the fourth quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company's stock worth $7,801,000 after purchasing an additional 115,122 shares in the last quarter. ING Groep NV bought a new stake in shares of Campbell Soup during the 4th quarter valued at $1,062,000. Hussman Strategic Advisors Inc. lifted its stake in shares of Campbell Soup by 133.3% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock valued at $6,156,000 after buying an additional 84,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Campbell Soup by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company's stock valued at $74,860,000 after acquiring an additional 21,849 shares during the period. 52.35% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Charles A. Brawley III sold 2,498 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the sale, the executive vice president now directly owns 37,590 shares of the company's stock, valued at $1,504,727.70. The trade was a 6.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus cut their target price on Campbell Soup from $47.00 to $40.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Wells Fargo & Company reduced their price objective on shares of Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. lowered shares of Campbell Soup from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $48.00 to $37.00 in a research report on Thursday, March 6th. Morgan Stanley initiated coverage on shares of Campbell Soup in a report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 price target on the stock. Finally, Citigroup dropped their price objective on shares of Campbell Soup from $39.00 to $37.00 and set a "sell" rating for the company in a report on Thursday, March 6th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $44.86.

Campbell Soup Trading Down 0.2 %

CPB traded down $0.07 during trading on Wednesday, reaching $36.75. The company had a trading volume of 1,075,413 shares, compared to its average volume of 2,735,662. 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 Campbell Soup Company has a 52 week low of $36.05 and a 52 week high of $52.81. The stock has a market cap of $10.96 billion, a P/E ratio of 20.10, a PEG ratio of 2.71 and a beta of 0.19. The business has a 50 day simple moving average of $39.03 and a 200-day simple moving average of $42.36.

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

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup's payout ratio is currently 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.