Tredje AP fonden Decreases Stake in The Campbell Soup Company (NASDAQ:CPB)

Tredje AP fonden lowered its holdings in The Campbell Soup Company (NASDAQ:CPB) by 78.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,804 shares of the company’s stock after selling 136,803 shares during the quarter. Tredje AP fonden’s holdings in Campbell Soup were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC increased its position in Campbell Soup by 2.8% during the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock valued at $404,000 after acquiring an additional 262 shares during the last quarter. Principal Securities Inc. increased its position in Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after acquiring an additional 290 shares during the last quarter. SPC Financial Inc. increased its position in Campbell Soup by 2.3% during the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company’s stock valued at $569,000 after acquiring an additional 300 shares during the last quarter. Ascent Wealth Partners LLC increased its position in Campbell Soup by 1.5% in the fourth quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company’s stock worth $845,000 after buying an additional 306 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in Campbell Soup by 4.3% in the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock worth $323,000 after buying an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

CPB has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. Stifel Nicolaus reduced their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group reduced their price target on Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. Barclays reduced their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Finally, Bank of America reduced their price target on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating for the company in a research report on Thursday, March 6th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $45.23.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 20.19% of the stock is currently owned by company insiders.

Campbell Soup Trading Down 0.1 %

Shares of CPB stock opened at $38.42 on Friday. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. 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’s 50 day simple moving average is $39.22 and its two-hundred day simple moving average is $44.00. The company has a market cap of $11.46 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results 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. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup’s revenue was up 9.3% on a year-over-year basis. Research analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 4.06%. Campbell Soup’s payout ratio is currently 90.17%.

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.