Jensen Investment Management Inc. Purchases 4,400 Shares of The Campbell Soup Company (NASDAQ:CPB)

Jensen Investment Management Inc. increased its position in The Campbell Soup Company (NASDAQ:CPB) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,428 shares of the company’s stock after purchasing an additional 4,400 shares during the period. Jensen Investment Management Inc.’s holdings in Campbell Soup were worth $5,420,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Brandes Investment Partners LP lifted its stake in Campbell Soup by 12.0% during the 4th quarter. Brandes Investment Partners LP now owns 16,495 shares of the company’s stock valued at $691,000 after acquiring an additional 1,772 shares in the last quarter. LBP AM SA purchased a new stake in shares of Campbell Soup during the 4th quarter valued at $8,085,000. Commonwealth Equity Services LLC increased its position in shares of Campbell Soup by 16.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 77,260 shares of the company’s stock valued at $3,236,000 after purchasing an additional 10,914 shares during the last quarter. Achmea Investment Management B.V. increased its position in shares of Campbell Soup by 11.9% during the 4th quarter. Achmea Investment Management B.V. now owns 22,406 shares of the company’s stock valued at $938,000 after purchasing an additional 2,376 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Campbell Soup by 635.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,539 shares of the company’s stock valued at $148,000 after purchasing an additional 3,058 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus decreased their target price 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. Citigroup decreased their price objective on Campbell Soup from $39.00 to $37.00 and set a “sell” rating for the company in a report on Thursday, March 6th. BNP Paribas raised Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Jefferies Financial Group decreased their price objective on Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Finally, Bank of America decreased their price objective on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating for the company in a report on Thursday, March 6th. Four equities 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $45.23.

Campbell Soup Trading Down 0.1 %

NASDAQ CPB opened at $38.42 on Monday. The Campbell Soup Company has a 12 month low of $36.92 and a 12 month high of $52.81. The stock has a market cap of $11.46 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.71 and a beta of 0.15. The stock’s fifty day moving average price is $39.16 and its 200-day moving average price is $43.84. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating 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 company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts forecast that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given 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 4.06%. Campbell Soup’s dividend payout ratio (DPR) is presently 90.17%.

Insider Activity at Campbell Soup

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

Campbell Soup 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.