1,116 Shares in The Campbell Soup Company (NASDAQ:CPB) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC purchased a new stake in shares of The Campbell Soup Company (NASDAQ:CPB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,116 shares of the company’s stock, valued at approximately $47,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp lifted its position in shares of Campbell Soup by 3.1% in the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after purchasing an additional 298,203 shares during the period. Geode Capital Management LLC raised its stake in Campbell Soup by 6.5% in the third 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 in the last quarter. Franklin Resources Inc. lifted its holdings in Campbell Soup by 1,593.8% in the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after buying an additional 1,792,005 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 valued at $86,375,000 after acquiring an additional 12,822 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Campbell Soup by 88.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after acquiring an additional 558,944 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Insider Transactions at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were 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 of the company’s stock, valued at $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 20.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CPB. Barclays dropped their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Stifel Nicolaus dropped their price objective on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Citigroup decreased their target price on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Stephens reissued an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company reduced their price objective on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.17.

Campbell Soup Trading Up 1.4 %

Campbell Soup stock opened at $38.61 on Friday. The Campbell Soup Company has a one year low of $36.92 and a one year high of $52.81. The business’s fifty day moving average is $40.22 and its 200 day moving average is $45.31. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock has a market capitalization of $11.51 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.59 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. On average, sell-side analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.04%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, January 2nd. Campbell Soup’s dividend payout ratio is presently 85.25%.

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.