Charles Schwab Investment Management Inc. Acquires 21,849 Shares of The Campbell Soup Company (NASDAQ:CPB)

Charles Schwab Investment Management Inc. grew its stake in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,787,481 shares of the company's stock after acquiring an additional 21,849 shares during the period. Charles Schwab Investment Management Inc. owned 0.60% of Campbell Soup worth $74,860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Campbell Soup in the third quarter worth $39,000. Sherman Asset Management Inc. bought a new stake in Campbell Soup during the fourth quarter valued at about $36,000. Principal Securities Inc. boosted its holdings 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 during the period. Kentucky Trust Co bought a new stake in Campbell Soup during the fourth quarter valued at about $42,000. Finally, Quent Capital LLC boosted its holdings in Campbell Soup by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company's stock valued at $46,000 after acquiring an additional 481 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CPB has been the subject of a number of recent analyst reports. 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 report on Friday, December 6th. BNP Paribas upgraded shares of Campbell Soup to a "strong sell" rating in a report on Wednesday, February 26th. Stifel Nicolaus decreased their price target on shares of Campbell Soup from $47.00 to $40.00 and set a "hold" rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. lowered shares of Campbell Soup from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. Finally, Royal Bank of Canada cut their price objective on shares of Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating for the company in a research report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Campbell Soup currently has a consensus rating of "Hold" and an average target price of $45.50.

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Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 20.19% of the company's stock.

Campbell Soup Price Performance

Shares of CPB traded down $2.08 during mid-day trading on Tuesday, hitting $39.96. 4,484,176 shares of the company traded hands, compared to its average volume of 2,584,509. The Campbell Soup Company has a one year low of $36.92 and a one year 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. The business has a 50-day moving average of $39.40 and a 200 day moving average of $44.16. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.71 and a beta of 0.15.

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

Campbell Soup Dividend Announcement

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 paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.90%. The ex-dividend date is Thursday, April 3rd. Campbell Soup's payout ratio is presently 90.17%.

Campbell Soup 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.