West Coast Financial LLC lessened its stake in Campbell Soup (NASDAQ:CPB - Free Report) by 38.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,679 shares of the company's stock after selling 9,165 shares during the period. West Coast Financial LLC's holdings in Campbell Soup were worth $615,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its position in shares of Campbell Soup by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company's stock worth $1,982,000 after buying an additional 218 shares during the last quarter. Brown Lisle Cummings Inc. raised its stake in Campbell Soup by 1.3% during the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company's stock worth $986,000 after acquiring an additional 254 shares during the period. Diversified Trust Co lifted its holdings in Campbell Soup by 0.3% in the third quarter. Diversified Trust Co now owns 87,845 shares of the company's stock worth $4,297,000 after acquiring an additional 283 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in Campbell Soup by 4.0% in the third quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company's stock valued at $369,000 after acquiring an additional 287 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its stake in Campbell Soup by 7.4% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company's stock valued at $207,000 after purchasing an additional 290 shares during the period. 52.35% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently issued reports on CPB. Royal Bank of Canada reiterated a "sector perform" rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Monday, December 2nd. Stifel Nicolaus reduced their price target on Campbell Soup from $50.00 to $47.00 and set a "hold" rating for the company in a research report on Thursday, December 5th. Citigroup lowered their price target on Campbell Soup from $44.00 to $41.00 and set a "sell" rating on the stock in a report on Thursday, December 5th. DA Davidson reaffirmed a "neutral" rating and issued a $51.00 price objective on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, StockNews.com raised shares of Campbell Soup from a "sell" rating to a "hold" rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $50.75.
View Our Latest Stock Analysis on CPB
Insiders Place Their Bets
In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction on Friday, January 3rd. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 20.19% of the company's stock.
Campbell Soup Trading Up 1.5 %
Shares of NASDAQ CPB traded up $0.57 during mid-day trading on Thursday, hitting $39.26. 2,205,602 shares of the company traded hands, compared to its average volume of 2,794,230. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. Campbell Soup has a 1 year low of $37.61 and a 1 year high of $52.81. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.60 and a beta of 0.19. The business has a 50 day moving average of $42.78 and a two-hundred day moving average of $46.35.
Campbell Soup Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, January 2nd. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 3.97%. Campbell Soup's dividend payout ratio is currently 85.25%.
About Campbell Soup
(
Free Report)
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.
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