Quantbot Technologies LP Trims Stock Position in The Campbell Soup Company (NASDAQ:CPB)

Quantbot Technologies LP trimmed its position in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 50.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,430 shares of the company's stock after selling 58,459 shares during the quarter. Quantbot Technologies LP's holdings in Campbell Soup were worth $2,363,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CPB. Natixis Advisors LLC grew its position in shares of Campbell Soup by 5.2% in the 3rd quarter. Natixis Advisors LLC now owns 45,001 shares of the company's stock valued at $2,201,000 after buying an additional 2,205 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of Campbell Soup by 2.3% in the third quarter. Pathstone Holdings LLC now owns 59,290 shares of the company's stock worth $2,900,000 after acquiring an additional 1,341 shares during the period. Intech Investment Management LLC boosted its holdings in Campbell Soup by 59.8% in the third quarter. Intech Investment Management LLC now owns 43,699 shares of the company's stock valued at $2,138,000 after acquiring an additional 16,357 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Campbell Soup during the 3rd quarter valued at approximately $576,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Campbell Soup by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company's stock worth $86,375,000 after purchasing an additional 12,822 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CPB shares. Bank of America decreased their price objective on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating for the company in a research report on Thursday, March 6th. Jefferies Financial Group decreased their price target on Campbell Soup from $42.00 to $40.00 and set a "hold" rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. downgraded Campbell Soup from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $48.00 to $37.00 in a research note on Thursday, March 6th. Barclays decreased their target price on Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a research note on Friday, December 6th. Finally, Morgan Stanley started coverage on Campbell Soup in a report on Monday. They set an "equal weight" rating and a $40.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Campbell Soup presently has an average rating of "Hold" and an average price target of $44.86.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.19% of the company's stock.

Campbell Soup Stock Up 0.9 %

NASDAQ CPB traded up $0.36 during trading hours on Tuesday, hitting $38.41. The company's stock had a trading volume of 1,259,541 shares, compared to its average volume of 3,405,071. The company has a market capitalization of $11.45 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. 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 Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81. The company's 50-day simple moving average is $39.06 and its two-hundred day simple moving average is $43.32.

Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) 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 company had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.74 billion. The business's revenue was up 9.3% on a year-over-year basis. Research analysts anticipate 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. 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 yield of 4.06%. The ex-dividend date is Thursday, April 3rd. Campbell Soup's dividend payout ratio is currently 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.