Weaver Capital Management LLC Decreases Stake in The Campbell Soup Company (NASDAQ:CPB)

Weaver Capital Management LLC trimmed its position in The Campbell Soup Company (NASDAQ:CPB) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,358 shares of the company’s stock after selling 371 shares during the period. Weaver Capital Management LLC’s holdings in Campbell Soup were worth $434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPB. nVerses Capital LLC acquired a new stake in Campbell Soup during the third quarter valued at $34,000. Ashton Thomas Securities LLC acquired a new stake in shares of Campbell Soup during the 3rd quarter valued at about $39,000. Friedenthal Financial purchased a new position in shares of Campbell Soup in the 3rd quarter valued at about $48,000. Spire Wealth Management raised its holdings in Campbell Soup by 29.6% in the 4th quarter. Spire Wealth Management now owns 1,406 shares of the company’s stock worth $59,000 after purchasing an additional 321 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Campbell Soup by 45.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company’s stock worth $87,000 after purchasing an additional 552 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 20.19% of the company’s stock.

Campbell Soup Stock Performance

Shares of CPB opened at $37.45 on Wednesday. The Campbell Soup Company has a 1 year low of $37.16 and a 1 year high of $52.81. The stock has a market capitalization of $11.16 billion, a P/E ratio of 20.46, a P/E/G ratio of 2.67 and a beta of 0.19. 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 company’s fifty day moving average is $41.16 and its two-hundred day moving average is $45.67.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a $0.39 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.17%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio (DPR) is currently 85.25%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CPB shares. Citigroup lowered their target price 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. Wells Fargo & Company cut their price objective on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays lowered their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Stifel Nicolaus cut their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Stephens reissued an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and an average target price of $50.17.

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.