Aster Capital Management DIFC Ltd lowered its position in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 59.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,637 shares of the company's stock after selling 21,296 shares during the period. Aster Capital Management DIFC Ltd's holdings in Campbell Soup were worth $613,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Sherman Asset Management Inc. purchased a new position in Campbell Soup in the fourth quarter valued at about $36,000. Principal Securities Inc. grew its stake in Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after acquiring an additional 290 shares in the last quarter. Kentucky Trust Co bought a new position in shares of Campbell Soup in the fourth quarter worth $42,000. Quent Capital LLC raised its holdings in shares of Campbell Soup by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company's stock valued at $46,000 after acquiring an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Campbell Soup in the fourth quarter valued at approximately $47,000. 52.35% of the stock is owned by institutional investors.
Campbell Soup Stock Up 1.0 %
Shares of NASDAQ CPB traded up $0.36 on Friday, reaching $38.14. 4,110,969 shares of the company's stock traded hands, compared to its average volume of 2,757,594. 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 business's 50 day simple moving average is $38.99 and its two-hundred day simple moving average is $42.16. The Campbell Soup Company has a 12 month low of $36.02 and a 12 month high of $52.81. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19.
Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share (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 analysts' expectations of $2.74 billion. The business's revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that The Campbell Soup Company will post 3.15 EPS 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. Stockholders 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 annualized dividend and a dividend yield of 4.09%. Campbell Soup's dividend payout ratio is presently 90.17%.
Insider Activity at Campbell Soup
In other news, EVP Charles A. Brawley III sold 2,498 shares of Campbell Soup stock in a transaction that occurred on 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 in the company, valued at $1,504,727.70. The trade was a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 20.19% of the stock is owned by insiders.
Analyst Ratings Changes
CPB has been the subject of a number of research reports. Wells Fargo & Company cut their price objective on Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. downgraded shares of Campbell Soup from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $48.00 to $37.00 in a research note on Thursday, March 6th. Morgan Stanley initiated coverage on Campbell Soup in a report on Monday, March 24th. They set an "equal weight" rating and a $40.00 price target on the stock. Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell Soup in a research report on Monday, March 17th. Finally, BNP Paribas upgraded Campbell Soup to a "strong sell" rating in a research report on Wednesday, February 26th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Campbell Soup has a consensus rating of "Hold" and a consensus price target of $44.86.
Check Out Our Latest Report on CPB
Campbell Soup Profile
(
Free Report)
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.
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