AXQ Capital LP Has $1.12 Million Stake in The Campbell Soup Company (NASDAQ:CPB)

AXQ Capital LP lifted its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 25.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,846 shares of the company’s stock after purchasing an additional 5,414 shares during the quarter. AXQ Capital LP’s holdings in Campbell Soup were worth $1,124,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Atria Investments Inc raised its position in Campbell Soup by 10.7% in the 3rd quarter. Atria Investments Inc now owns 5,600 shares of the company’s stock valued at $274,000 after buying an additional 541 shares during the last quarter. Natixis Advisors LLC raised its position in Campbell Soup by 5.2% in the 3rd quarter. Natixis Advisors LLC now owns 45,001 shares of the company’s stock valued at $2,201,000 after buying an additional 2,205 shares during the last quarter. Pathstone Holdings LLC raised its position in Campbell Soup by 2.3% in the 3rd quarter. Pathstone Holdings LLC now owns 59,290 shares of the company’s stock valued at $2,900,000 after buying an additional 1,341 shares during the last quarter. Caprock Group LLC raised its position in Campbell Soup by 53.4% in the 3rd quarter. Caprock Group LLC now owns 10,270 shares of the company’s stock valued at $502,000 after buying an additional 3,573 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Campbell Soup in the 3rd quarter valued at $2,412,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

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

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business’s revenue was up 9.3% on a year-over-year basis. As a group, equities analysts predict that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date 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%.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays lowered their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. 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 report on Thursday, March 6th. Citigroup decreased their target price on Campbell Soup from $39.00 to $37.00 and set a “sell” rating for the company in a research report 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 report on Friday, January 24th. Finally, Wells Fargo & Company decreased their target price on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $45.23.

About Campbell Soup

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.