Quadrant Capital Group LLC Cuts Stock Position in The Campbell Soup Company (NASDAQ:CPB)

Quadrant Capital Group LLC lessened its stake in The Campbell Soup Company (NASDAQ:CPB) by 33.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,904 shares of the company’s stock after selling 1,440 shares during the quarter. Quadrant Capital Group LLC’s holdings in Campbell Soup were worth $122,000 at the end of the most recent reporting period.

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

Campbell Soup Stock Up 3.9 %

CPB stock opened at $38.25 on Thursday. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 2.71 and a beta of 0.19. The Campbell Soup Company has a twelve month low of $36.02 and a twelve month high of $52.81. The business has a 50 day moving average price of $38.99 and a two-hundred day moving average price of $42.24. 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 issued its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business 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. Analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid 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 dividend yield of 4.08%. Campbell Soup’s dividend payout ratio is currently 90.17%.

Insider Buying and Selling

In other news, EVP Charles A. Brawley III sold 2,498 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares of the company’s stock, valued at approximately $1,504,727.70. This represents a 6.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CPB. Consumer Edge reiterated an “equal weight” rating on shares of Campbell Soup in a research report on Monday, March 17th. Citigroup decreased their target price on Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a report on Thursday, March 6th. Jefferies Financial Group reduced their target price on Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Stifel Nicolaus dropped their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered shares of Campbell Soup from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $48.00 to $37.00 in a research note on Thursday, March 6th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $44.86.

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.