Blair William & Co. IL Has $1.78 Million Holdings in The Campbell Soup Company (NASDAQ:CPB)

Blair William & Co. IL decreased its position in The Campbell Soup Company (NASDAQ:CPB) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,473 shares of the company’s stock after selling 1,049 shares during the quarter. Blair William & Co. IL’s holdings in Campbell Soup were worth $1,779,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Ballentine Partners LLC grew its position in Campbell Soup by 2.8% in the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock valued at $404,000 after purchasing an additional 262 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Campbell Soup by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after acquiring an additional 290 shares in the last quarter. SPC Financial Inc. increased its position in shares of Campbell Soup by 2.3% in the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company’s stock valued at $569,000 after acquiring an additional 300 shares during the last quarter. Ascent Wealth Partners LLC raised its holdings in Campbell Soup by 1.5% during the fourth quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company’s stock worth $845,000 after acquiring an additional 306 shares in the last quarter. Finally, HB Wealth Management LLC boosted its position in Campbell Soup by 4.3% during the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock valued at $323,000 after purchasing an additional 319 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. DA Davidson dropped their price objective on Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. cut shares of Campbell Soup from an “overweight” rating to a “neutral” rating and cut their price target for the company from $48.00 to $37.00 in a research note on Thursday, March 6th. Stifel Nicolaus lowered their price objective on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group cut their target price on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Finally, Stephens reissued an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $44.86.

Campbell Soup Stock Down 0.1 %

Shares of NASDAQ:CPB opened at $39.90 on Wednesday. The firm has a market cap of $11.90 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.71 and a beta of 0.15. The business has a fifty day simple moving average of $39.10 and a 200 day simple moving average of $42.92. 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 Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping 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 firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.91%. Campbell Soup’s dividend payout ratio is presently 90.17%.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the company’s 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 completion of the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.