Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,129 Shares of The Campbell Soup Company (NASDAQ:CPB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,766 shares of the company’s stock after selling 1,129 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Campbell Soup were worth $1,749,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Credit Capital Investments LLC acquired a new position in Campbell Soup in 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 4th quarter. Koss Olinger Consulting LLC now owns 52,411 shares of the company’s stock valued at $2,195,000 after buying an additional 380 shares in the last quarter. Horizon Investments LLC lifted its holdings 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 worth $131,000 after acquiring an additional 487 shares during the period. Cibc World Markets Corp boosted its position in shares of Campbell Soup by 14.8% during the 4th quarter. Cibc World Markets Corp now owns 76,898 shares of the company’s stock worth $3,220,000 after acquiring an additional 9,937 shares in the last quarter. Finally, Jensen Investment Management Inc. increased its stake in Campbell Soup by 3.5% in the fourth quarter. Jensen Investment Management Inc. now owns 129,428 shares of the company’s stock valued at $5,420,000 after acquiring an additional 4,400 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the business’s 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 transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 20.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on CPB. Citigroup reduced their target price on Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a report on Thursday, March 6th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Morgan Stanley started coverage on shares of Campbell Soup in a report on Monday. They issued an “equal weight” rating and a $40.00 target price for the company. Barclays decreased their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Finally, BNP Paribas raised shares of Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Campbell Soup currently has a consensus rating of “Hold” and an average target price of $44.86.

Campbell Soup Trading Up 0.3 %

Shares of CPB stock opened at $38.18 on Wednesday. The Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.71 and a beta of 0.15. The stock has a 50-day moving average of $39.06 and a 200-day moving average of $43.32.

Campbell Soup (NASDAQ:CPB) last released 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. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Dividend Announcement

The firm also recently disclosed 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 4.09%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is 90.17%.

Campbell Soup 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.