Tredje AP fonden Sells 136,803 Shares of The Campbell Soup Company (NASDAQ:CPB)

Tredje AP fonden trimmed its position in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 78.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,804 shares of the company's stock after selling 136,803 shares during the period. Tredje AP fonden's holdings in Campbell Soup were worth $1,541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new stake in Campbell Soup in the fourth quarter worth $36,000. Principal Securities Inc. boosted its holdings in Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after acquiring an additional 290 shares in the last quarter. Kentucky Trust Co bought a new stake in Campbell Soup in the fourth quarter worth $42,000. Quent Capital LLC boosted its holdings in Campbell Soup by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company's stock worth $46,000 after acquiring an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in Campbell Soup in the fourth quarter worth $47,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Stock Performance

CPB traded down $0.30 during midday trading on Wednesday, reaching $38.50. The company had a trading volume of 3,963,356 shares, compared to its average volume of 3,308,047. 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 has a 50-day moving average of $39.11 and a two-hundred day moving average of $43.69. The company has a market cap of $11.48 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81.

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Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping 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 company's revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup's dividend payout ratio is currently 90.17%.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. 20.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Stephens reaffirmed an "overweight" rating on shares of Campbell Soup in a report on Wednesday, December 4th. Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell Soup in a report on Monday. JPMorgan Chase & Co. downgraded Campbell Soup from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $48.00 to $37.00 in a report on Thursday, March 6th. BNP Paribas raised Campbell Soup to a "strong sell" rating in a report on Wednesday, February 26th. Finally, Stifel Nicolaus lowered their price target on Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $45.23.

Campbell Soup Company 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.