The Campbell Soup Company (NASDAQ:CPB) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. raised its holdings in The Campbell Soup Company (NASDAQ:CPB) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,460 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Moors & Cabot Inc.’s holdings in Campbell Soup were worth $480,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sherman Asset Management Inc. acquired a new stake in Campbell Soup during the fourth quarter worth about $36,000. Principal Securities Inc. grew its stake in shares of Campbell Soup by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after buying an additional 290 shares during the period. Kentucky Trust Co acquired a new stake in shares of Campbell Soup during the 4th quarter worth approximately $42,000. Quent Capital LLC raised its position in shares of Campbell Soup by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after buying an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in Campbell Soup in the fourth quarter valued at approximately $47,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Trading Down 0.1 %

NASDAQ:CPB opened at $38.42 on Friday. The company has a market capitalization of $11.46 billion, a PE ratio of 20.99, a P/E/G ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81. The stock’s 50 day moving average price is $39.16 and its 200 day moving average price is $43.88. 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 (NASDAQ:CPB) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Campbell Soup’s revenue was up 9.3% compared to the same quarter last year. On average, research analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Announces Dividend

The firm 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 $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is presently 90.17%.

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 transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on CPB shares. Jefferies Financial Group reduced their target price on Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Citigroup reduced their price objective on shares of Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a report on Thursday, March 6th. Stifel Nicolaus decreased their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. DA Davidson dropped their price target on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Finally, BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.