Virtu Financial LLC Purchases New Holdings in The Campbell Soup Company (NASDAQ:CPB)

Virtu Financial LLC acquired a new position in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,976 shares of the company's stock, valued at approximately $795,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its stake in shares of Campbell Soup by 3.1% during the third quarter. State Street Corp now owns 10,048,679 shares of the company's stock valued at $491,581,000 after acquiring an additional 298,203 shares during the last quarter. Van ECK Associates Corp raised its position in Campbell Soup by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company's stock worth $387,273,000 after purchasing an additional 531,281 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company's stock worth $256,827,000 after buying an additional 322,951 shares during the period. Bank of New York Mellon Corp lifted its holdings in Campbell Soup by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company's stock worth $177,487,000 after buying an additional 199,470 shares during the period. Finally, Amundi grew its position in shares of Campbell Soup by 23.9% in the 4th quarter. Amundi now owns 1,958,238 shares of the company's stock valued at $76,823,000 after buying an additional 377,307 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company's stock.

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Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,000 shares of the 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 sale, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 20.19% of the company's stock.

Campbell Soup Stock Up 1.1 %

Shares of NASDAQ CPB traded up $0.44 during midday trading on Thursday, hitting $39.58. 2,143,788 shares of the stock traded hands, compared to its average volume of 2,630,993. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The Campbell Soup Company has a one year low of $36.92 and a one year high of $52.81. The business has a 50 day moving average price of $39.06 and a two-hundred day moving average price of $43.17. The company has a market cap of $11.80 billion, a PE ratio of 21.63, a P/E/G 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 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business's revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Thursday, April 3rd. Campbell Soup's dividend payout ratio is currently 90.17%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson lowered their price objective on Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada lowered their price target on shares of Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating for the company in a report on Thursday, March 6th. Barclays reduced their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an "underweight" rating on the stock in a research note on Friday, December 6th. JPMorgan Chase & Co. cut shares of Campbell Soup from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $48.00 to $37.00 in a research report on Thursday, March 6th. Finally, Stifel Nicolaus dropped their target price on shares of Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $44.86.

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.