Blueshift Asset Management LLC Takes Position in The Campbell Soup Company (NASDAQ:CPB)

Blueshift Asset Management LLC purchased a new position in shares of The Campbell Soup Company (NASDAQ:CPB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,155 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds also recently modified their holdings of the company. Credit Capital Investments LLC purchased a new stake in Campbell Soup during the fourth quarter valued at about $331,000. Koss Olinger Consulting LLC raised its position in shares of Campbell Soup by 0.7% in the fourth quarter. Koss Olinger Consulting LLC now owns 52,411 shares of the company’s stock valued at $2,195,000 after purchasing an additional 380 shares during the period. Horizon Investments LLC lifted its stake in shares of Campbell Soup by 18.2% during the 4th quarter. Horizon Investments LLC now owns 3,160 shares of the company’s stock valued at $131,000 after buying an additional 487 shares in the last quarter. Cibc World Markets Corp boosted its holdings in Campbell Soup by 14.8% in the 4th quarter. Cibc World Markets Corp now owns 76,898 shares of the company’s stock worth $3,220,000 after buying an additional 9,937 shares during the period. Finally, Jensen Investment Management Inc. grew its stake in Campbell Soup by 3.5% in the 4th quarter. Jensen Investment Management Inc. now owns 129,428 shares of the company’s stock valued at $5,420,000 after buying an additional 4,400 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 20.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CPB shares. Barclays cut their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Stephens restated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Royal Bank of Canada decreased their price target on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 6th. BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a research report on Wednesday, February 26th. Finally, Bank of America lowered their target price on shares of Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a research note on Thursday, March 6th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Campbell Soup presently has a consensus rating of “Hold” and an average target price of $45.23.

Campbell Soup Stock Performance

NASDAQ:CPB opened at $38.08 on Friday. The Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The business has a 50 day moving average of $39.07 and a 200 day moving average of $43.47. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, sell-side analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The business 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 $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 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.