TrueMark Investments LLC Boosts Position in The Campbell Soup Company (NASDAQ:CPB)

TrueMark Investments LLC boosted its position in The Campbell Soup Company (NASDAQ:CPB) by 137.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,564 shares of the company’s stock after purchasing an additional 6,123 shares during the period. TrueMark Investments LLC’s holdings in Campbell Soup were worth $442,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Campbell Soup by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company’s stock worth $989,440,000 after purchasing an additional 447,203 shares in the last quarter. State Street Corp increased its position in Campbell Soup by 3.1% in the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after buying an additional 298,203 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Campbell Soup by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after buying an additional 531,281 shares during the period. Geode Capital Management LLC lifted its position in shares of Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after buying an additional 322,951 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Campbell Soup by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company’s stock valued at $177,487,000 after acquiring an additional 199,470 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Stock Performance

Campbell Soup stock opened at $39.14 on Thursday. The company has a market cap of $11.67 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. 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 company’s 50-day moving average price is $39.05 and its 200-day moving average price is $43.23.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The firm’s 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 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company 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 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is currently 90.17%.

Insider Transactions at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the 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 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 the SEC website. Company insiders own 20.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Morgan Stanley began coverage on shares of Campbell Soup in a report on Monday. They set an “equal weight” rating and a $40.00 price target on the stock. BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. Consumer Edge reiterated an “equal weight” rating on shares of Campbell Soup in a research note on Monday, March 17th. JPMorgan Chase & Co. downgraded Campbell Soup from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. Finally, Citigroup cut 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. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup has an average rating of “Hold” and a consensus target price of $44.86.

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.