Northwest & Ethical Investments L.P. Has $720,000 Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

Northwest & Ethical Investments L.P. decreased its stake in The Campbell Soup Company (NASDAQ:CPB) by 60.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,188 shares of the company’s stock after selling 26,340 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Campbell Soup were worth $720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CPB. Sherman Asset Management Inc. acquired a new stake in Campbell Soup during the fourth quarter worth approximately $36,000. Principal Securities Inc. grew its stake in Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after purchasing an additional 290 shares during the period. Kentucky Trust Co acquired a new stake in Campbell Soup during the fourth quarter worth approximately $42,000. Quent Capital LLC grew its stake in Campbell Soup by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after purchasing an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in Campbell Soup during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CPB. Royal Bank of Canada decreased their target price on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, March 6th. 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 note on Friday, January 24th. Jefferies Financial Group decreased their target price on Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered Campbell Soup from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. Finally, Consumer Edge reiterated an “equal weight” rating on shares of Campbell Soup in a report on Monday, March 17th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.23.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction 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 sale, the executive vice president now directly owns 16,551 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. 20.19% of the stock is currently owned by corporate insiders.

Campbell Soup Stock Up 0.3 %

CPB stock opened at $38.08 on Friday. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The stock’s 50 day moving average is $39.07 and its 200-day moving average is $43.53. The firm has a market capitalization of $11.35 billion, a PE ratio of 20.81, a P/E/G ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.74 billion. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.10%. Campbell Soup’s dividend payout ratio (DPR) is currently 90.17%.

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.