The Campbell Soup Company (NASDAQ:CPB) Shares Purchased by RBF Capital LLC

RBF Capital LLC raised its holdings in The Campbell Soup Company (NASDAQ:CPB) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. RBF Capital LLC’s holdings in Campbell Soup were worth $2,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC increased its holdings in Campbell Soup by 11.0% in the fourth quarter. Hsbc Holdings PLC now owns 429,606 shares of the company’s stock valued at $17,972,000 after buying an additional 42,594 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Campbell Soup by 5.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 42,514 shares of the company’s stock worth $1,780,000 after purchasing an additional 2,058 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Campbell Soup by 107.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 16,028 shares of the company’s stock worth $671,000 after purchasing an additional 8,318 shares during the period. Trajan Wealth LLC raised its holdings in shares of Campbell Soup by 9.9% during the fourth quarter. Trajan Wealth LLC now owns 108,882 shares of the company’s stock worth $4,560,000 after purchasing an additional 9,821 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of Campbell Soup by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 51,908 shares of the company’s stock worth $2,174,000 after buying an additional 764 shares during the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Price Performance

NASDAQ CPB opened at $37.88 on Wednesday. The Campbell Soup Company has a 12 month low of $36.02 and a 12 month high of $52.81. The firm has a market capitalization of $11.30 billion, a PE ratio of 20.70, a P/E/G ratio of 2.71 and a beta of 0.19. The company’s 50 day simple moving average is $39.01 and its 200 day simple moving average is $41.59. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities research 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. Stockholders of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.12%. Campbell Soup’s dividend payout ratio is currently 90.17%.

Insider Buying and Selling

In related news, EVP Charles A. Brawley III sold 2,498 shares of Campbell Soup stock in a transaction 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 directly owns 37,590 shares in the company, valued at $1,504,727.70. The trade was a 6.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 20.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CPB. Wells Fargo & Company lowered their price objective on shares of 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. JPMorgan Chase & Co. cut Campbell Soup from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $48.00 to $37.00 in a research report on Thursday, March 6th. Morgan Stanley began coverage on Campbell Soup in a research report on Monday, March 24th. They set an “equal weight” rating and a $40.00 price objective for the company. Bank of America dropped their target price on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a research report on Thursday, March 6th. Finally, Jefferies Financial Group reduced their price target on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.