Brandywine Global Investment Management LLC Sells 14,110 Shares of The Campbell Soup Company (NASDAQ:CPB)

Brandywine Global Investment Management LLC trimmed its stake in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,271 shares of the company's stock after selling 14,110 shares during the period. Brandywine Global Investment Management LLC owned 0.06% of Campbell Soup worth $7,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Physician Wealth Advisors Inc. bought a new position in shares of Campbell Soup in the 4th quarter worth approximately $47,000. California Public Employees Retirement System grew its stake in Campbell Soup by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 907,798 shares of the company's stock worth $38,019,000 after purchasing an additional 10,580 shares during the period. Allianz SE bought a new position in Campbell Soup in the fourth quarter worth $128,000. Beutel Goodman & Co Ltd. raised its holdings in Campbell Soup by 0.5% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company's stock worth $290,034,000 after purchasing an additional 35,160 shares in the last quarter. Finally, Allstate Corp purchased a new position in Campbell Soup during the fourth quarter valued at $245,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Insider Buying and Selling at Campbell Soup

In related news, EVP Charles A. Brawley III sold 2,498 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 37,590 shares in the company, valued at approximately $1,504,727.70. The trade was a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 20.19% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CPB shares. DA Davidson decreased their price target on shares of Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Morgan Stanley started coverage on Campbell Soup in a research note on Monday, March 24th. They set an "equal weight" rating and a $40.00 price objective for the company. BNP Paribas raised Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. Citigroup reduced their price target on Campbell Soup from $39.00 to $37.00 and set a "sell" rating for the company in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut shares of Campbell Soup from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Four equities 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $44.86.

Campbell Soup Stock Performance

CPB stock traded down $1.03 during midday trading on Friday, reaching $38.79. 5,119,745 shares of the company's stock traded hands, compared to its average volume of 2,728,129. The stock's 50-day moving average is $39.16 and its 200 day moving average is $42.71. The stock has a market cap of $11.57 billion, a P/E ratio of 21.20, a PEG ratio of 2.71 and a beta of 0.19. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

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, 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%. Campbell Soup's revenue for the quarter 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 year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders 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 annualized dividend and a yield of 4.02%. Campbell Soup's payout ratio is 90.17%.

About Campbell Soup

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.