Wealth Quarterback LLC Sells 1,925 Shares of The Campbell Soup Company (NASDAQ:CPB)

Wealth Quarterback LLC reduced its stake in The Campbell Soup Company (NASDAQ:CPB) by 10.6% in the 4th quarter, Holdings Channel reports. The firm owned 16,302 shares of the company’s stock after selling 1,925 shares during the period. Wealth Quarterback LLC’s holdings in Campbell Soup were worth $683,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Campbell Soup by 3.1% during the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company’s stock valued at $491,581,000 after purchasing an additional 298,203 shares during the period. Van ECK Associates Corp grew its stake in shares of Campbell Soup by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after acquiring an additional 531,281 shares during the last quarter. Geode Capital Management LLC raised its stake in Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after purchasing an additional 322,951 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after purchasing an additional 1,792,005 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Campbell Soup by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company’s stock valued at $86,375,000 after acquiring an additional 12,822 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CPB. Citigroup decreased their price target on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, December 5th. Barclays dropped their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, December 6th. DA Davidson reaffirmed a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a research note on Wednesday, December 4th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company reduced their target price on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $50.17.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $38.60 on Monday. The Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.59 and a beta of 0.19. The firm has a fifty day moving average of $40.06 and a two-hundred day moving average of $45.18.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. As a group, equities research analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 4.04%. Campbell Soup’s payout ratio is currently 85.25%.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This 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 owned by insiders.

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.