Prudential Financial Inc. Has $4.71 Million Stake in The Campbell Soup Company (NASDAQ:CPB)

Prudential Financial Inc. cut its stake in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,051 shares of the company's stock after selling 11,223 shares during the period. Prudential Financial Inc.'s holdings in Campbell Soup were worth $4,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CPB. Sherman Asset Management Inc. purchased a new stake in Campbell Soup during the 4th quarter worth approximately $36,000. Principal Securities Inc. raised its stake in shares of Campbell Soup by 45.5% in 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 purchased a new position in Campbell Soup in the fourth quarter valued at $42,000. Quent Capital LLC boosted its stake 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 buying an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Campbell Soup during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Insider Buying and Selling

In other Campbell Soup news, EVP Charles A. Brawley III sold 2,498 shares of Campbell Soup stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the sale, the executive vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.19% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Campbell Soup from $47.00 to $40.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Bank of America cut their price target on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating for the company in a report on Thursday, March 6th. Citigroup lowered their price objective on Campbell Soup from $39.00 to $37.00 and set a "sell" rating on the stock in a report on Thursday, March 6th. DA Davidson cut their target price on Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company decreased their price target on Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating on the stock 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $44.86.

Campbell Soup Trading Down 2.1 %

Shares of NASDAQ CPB traded down $0.82 during trading on Friday, hitting $39.00. 2,435,343 shares of the company traded hands, compared to its average volume of 2,720,823. The firm has a market capitalization of $11.63 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.71 and a beta of 0.19. 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 company has a 50-day moving average price of $39.16 and a 200-day moving average price of $42.80. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81.

Campbell Soup (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Thursday, April 3rd. 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.